The Executive Board of the IMF has approved the first review of Ghana’s three-year programme with the fund, sources have indicated.
The approval comes after the country reached an agreement with the Official Creditor Committee co-chaired by France and China to restructure debts of US 5.4 billion.
Following the approval from the Executive Board, the second tranche of US 600 million IMF funds is expected to hit the accounts of the Bank of Ghana by Wednesday, January 24.
The Ministry of Finance and the IMF are scheduled to address the media later this evening on the agreement.
more to follow…
