The IMF has given its approval to Ghana’s $3 billion loan program’s second assessment.

Source: newsthemegh.com/Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The International Monetary Fund (IMF) has approved the second review of Ghana’s $3 billion loan program, which allows for the immediate disbursement of approximately $360 million.

This decision follows Ghana’s successful negotiation with its official creditor committee, a necessary step to unlock the second tranche of the loan.

This latest disbursement brings the total IMF funds received by Ghana under the three-year bailout program to $1.56 billion.

The program is designed to assist Ghana in overcoming its most severe economic crisis in a generation.