The government of Ghana has received US$360 million as the third tranche of Ghana’s bailout package with the International Monetary Fund (IMF).
The third tranche is expected to support and stabilise the local currency.
The money was officially credited to the Central Bank’s account today, Tuesday, July 2, 2024.
The money hit the central bank’s account following a successful review of the country’s performance by the Fund.
According to the IMF, Ghana’s performance under the programme has been generally strong.
The total amount Ghana has received so far is US$ 1.56 billion out of the $3 billion approved under the three-year extended credit facility.
The fourth tranche of the of the IMF of US$360 million is expected in Quarter 4 of 2024 after the IMF Executive Board approves the 3rd Review.
By: Rainbowradioonline.com/Ghana