The International Monetary Fund’s (IMF) Executive Board has approved Ghana’s $3 billion bailout request.
The request is intended to help the country’s struggling economy.
Following Ghana’s receipt of financing assurances from the Paris Club, the request was approved at the Executive Board meeting on Wednesday.
Reuters reported that several sources familiar with the situation confirmed the approval of Ghana’s three-year extended credit facility.
The International Monetary Fund will hold a virtual press conference on Thursday, May 18 to provide more information on the outcome of the IMF Executive Board meeting on Ghana’s bailout request.