IMF Board set to approve Ghana's final Programme Review, greenlight post-bailout economic plan
The International Monetary Fund (IMF) Board is expected to meet today to consider and approve Ghana's sixth and final review under the Extended Credit Facility (ECF) programme. Approval of the review will unlock a final disbursement of about US$318 million for Ghana. The Board is also expected to consider and approve Ghana's request for a 36-month Policy Coordination Instrument (PCI), a non-financing arrangement that will guide the country's economic reforms after the conclusion of the IMF bailout programme.
Today's meeting follows the staff-level agreement reached between Ghana and the IMF in April after the Fund's mission to Accra. Government has since met key quantitative and structural targets required for Board approval, including decisions on the recapitalisation and governance reforms of UMB Bank and Prudential Bank. IMF Mission Chief for Ghana, Dr Ruben Atoyan, stated that once the Board approves the review, the final tranche of more than US$318 million would be released.
Quick Summary
The IMF Executive Board is set to meet today to discuss Ghana's final review under the Extended Credit Facility programme. This crucial meeting
Summary - read the full story for complete context.

Image: Joy Business
GhanaFront aggregates news from trusted sources. Click to read the original article.
Keywords
Explore related tagsMore from Joy Business
Related Stories
More from Business & Economy

GCB Bank partners with UnionPay to launch Ghana's first RMB debit and prepaid cards
A new payment card could change how Ghana does business with its largest trading partner - but what does it mean for you?
13h ago•










