Ghana is set to receive $370 million from the International Monetary Fund (IMF) after the Fund approved the country’s fourth review under the Extended Credit Facility (ECF) Programme.
Finance Minister Dr. Ato Forson confirmed the development, describing it as a major milestone in Ghana’s journey toward economic stability and recovery. He noted that the approval signals growing international confidence in the country’s economic reform agenda and fiscal discipline.
Read Also: Suspended Chief Justice Torkornoo Drags Ghana to ECOWAS Court
“This landmark approval validates Ghana’s unwavering commitment to fiscal discipline and strategic economic transformation,” Dr. Forson stated in a Facebook post. “Our macroeconomic policies and structural reforms are delivering real results.”
The newly approved disbursement is expected to further bolster Ghana’s ongoing efforts to restore economic stability and implement long-term reforms.
Story By: Afia Ohenewaa Akyerem