The Bank of Ghana has received $600 million as the second tranche of Ghana’s IMF bailout package.
The amount was officially credited to the Central Bank’s account today, Tuesday, January 23, 2023.
It is meant for budget support and stabilization of the local currency.
This implies that Ghana has received a total of US$ 1.2 billion of the $3 billion agreed under the three-year extended credit facility in May last year.
The second tranche will be used to finance projects and programmes in the 2024 budget.
The first tranche that the country received last year was used to address Ghana’s balance of payment issues.
The second tranche was approved by the IMF after Ghana struck a deal with its bilateral lenders, including China and France, late last week.