Thursday, July 10, 2025
Rainbow Radio
  • Home
  • General News
  • Governance
  • Sports
  • Politics
  • Health
  • Entertainment
  • Economy
  • Home
  • General News
  • Governance
  • Sports
  • Politics
  • Health
  • Entertainment
  • Economy
No Result
View All Result
Rainbow Radio Online
Home Business

IMF Bailout: $600m IMF cash credited to BoG account

May 20, 2023
Ofori-Atta-1-1

The Bank of Ghana has received the first tranche of the $3 billion International Monetary Fund Extended Credit Facility (ECF).

Details emerging indicate that the $600 million inflow arrived the late afternoon of Friday, May 19, 2023.

RelatedPosts

E& P, Azumah Resources given ultimatum to address $100m gold deal controversies

Trade Minister outlines efforts to drive Ghana’s economic transformation

Hemang Lower Denkyira MP Queries Trade Minister on Private Sector Growth, AGOA Impact

A tweet from the Finance Minister, Ken Ofori-Atta disclosed that “the Bank of Ghana informs me that the first tranche of $600 million of Ghana’s low interest $3 billion ECF facility has been received. These funds will be used for BOP [Balance of Payment] and budget support and will also help stabilise the FX rate and trigger a cascading effect on inflation”.

A tweet from the Finance Minister, Ken Ofori-Atta stated that “the Bank of Ghana informs me that the first tranche of $600 million of Ghana’s low interest $3 billion ECF facility has been received. These funds will be used for BOP [Balance of Payment] and budget support and will also help stabilise the FX rate and trigger a cascading effect on inflation”.

Following this, an IMF Mission will visit Ghana in June 2023 to review Ghana’s programme considerations.

Before the final disbursement, another review is expected shortly before the end of 2023, possibly in December 2023.

To support Ghana’s balance of payments needs, all funds will be paid directly into the Bank of Ghana’s account.

Under the IMF programme, Ghana is expected to receive approximately $3 billion over a three-year period.

ShareTweetShareShare

Related Posts

Screenshot-2025-07-07-145806-1140x570-1-848x424

E& P, Azumah Resources given ultimatum to address $100m gold deal controversies

July 10, 2025
adjare

Trade Minister outlines efforts to drive Ghana’s economic transformation

July 9, 2025
IMG-20250708-WA0104

Hemang Lower Denkyira MP Queries Trade Minister on Private Sector Growth, AGOA Impact

July 9, 2025
Screenshot-2025-07-07-145806-1140x570-1-848x424

Our $100M Gold deal is not only historic but also free from political influence – E&P

July 8, 2025
Sam-Jonah

E&P gold deal merit-based, not political favouritism – Sam Jonah declares

July 7, 2025
Dr.-Adrian-Alter-1140x570 (1)

Dr. Adrian Alter appointed new IMF resident representative for Ghana

July 7, 2025

Recent News

IMG-20250710-WA0070

Juaben MP questions Agric Minister about School Food Supply Plans

July 10, 2025
Electoral_Commission_of_Ghana_logo-409x424

Rerun in Ablekuma North will be free, fair and transparent – EC

July 10, 2025
Screenshot-2025-07-07-145806-1140x570-1-848x424

E& P, Azumah Resources given ultimatum to address $100m gold deal controversies

July 10, 2025
Chair_arrest

Chairman of Small Scale Miners arrested for obstructing anti-galamsey team

July 10, 2025
  • Trending
  • Comments
  • Latest
Muntaka-750x375

Monday, March 31, and Tuesday, April 1, 2025, declared as public holidays

March 23, 2025

Something drastic must be done about prices of property in Ghana-Lawyer

June 14, 2021

Rainbow Radio expands its platform presence on 92.4Fm in UK

September 5, 2022
Screenshot_20230811-133044

17-year-old boy caught having sex with a pregnant dog

August 11, 2023

Hello world!

IMG-20250710-WA0070

Juaben MP questions Agric Minister about School Food Supply Plans

travel4

Washington prepares for Donald Trump’s big moment

travel1

CS:GO ELeague Major pools and tournament schedule announced

IMG-20250710-WA0070

Juaben MP questions Agric Minister about School Food Supply Plans

July 10, 2025
Electoral_Commission_of_Ghana_logo-409x424

Rerun in Ablekuma North will be free, fair and transparent – EC

July 10, 2025
Screenshot-2025-07-07-145806-1140x570-1-848x424

E& P, Azumah Resources given ultimatum to address $100m gold deal controversies

July 10, 2025
Chair_arrest

Chairman of Small Scale Miners arrested for obstructing anti-galamsey team

July 10, 2025

Stay Connected test

  • 139 Followers
  • 20.2k Followers
  • 205k Subscribers
  • 23.9k Followers
  • 99 Subscribers
Rainbow Radio Online

© 2022 Rainbow Radio International

Navigate Site

  • General News
  • World
  • Sports
  • Business
  • Entertainment
  • Politics
  • Health
  • Opinion
  • Economy
  • Odd News
  • Culture
  • Lifestyle
  • Lifestyle
  • Governance
  • Technology

Follow Us

No Result
View All Result

© 2022 Rainbow Radio International

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version