IMF:$360m third tranche hits BOG’s account
The government of Ghana has received $360 million as the third tranche of the country's bailout package from the International Monetary Fund (IMF).
This amount, intended for budget support and stabilization of the local currency, was officially credited to the Central Bank's account on Tuesday, July 2, 2024.
This disbursement follows the IMF Executive Board's approval of the second review on Friday, June 28, 2024.
With this latest instalment, Ghana has received a total of $1.56 billion out of the $3 billion approved under the three-year extended credit facility.
According to the Ministry, the funds will be used to support activities outlined in the 2024 budget.
The fourth tranche of $360 million is anticipated in the fourth quarter of 2024, contingent on the IMF Executive Board's approval of the third review.
Source: Classfmonline.com/Cecil Mensah
Trending Business
Ashanti Region pig farmers raise pork prices amid soaring production costs
02:58Jospong Group, Uasin Gishu County signs pact to boost sanitation services in Kenya
00:40FDA defends best-before-date extension on 22,000 bags of rice for SHS students
09:40Exchange rate cause of escalating petroleum prices -NPA
14:39AAC pledges sustainable agriculture practices and investments across Africa
12:46'The Bank Square': BoG's new HQ will foster innovation, excellence in service – Pres. Akufo-Addo
22:54'The Bank Square': BoG to commission new HQ Wed. Nov. 20
02:38Royal Senchi hotel founder dies
14:33Jospong rice to hit markets soon!
09:31Accra gears up for the Plant-Based Vegan Market 2024 event: A Celebration of Kind Living
10:12