Full text: IMF country report on Ghana after approval of $3 billion bailout
The Executive Board of the International Monetary Fund (IMF) approved a 36-month arrangement under the Extended Credit Facility (ECF) in an amount equivalent to SDR 2.242 billion (around US$3 billion, or 304 percent of quota).
The programme is based on the government’s Post COVID-19 Program for Economic Growth (PCPEG), which aims to restore macroeconomic stability and debt sustainability and includes wide-ranging reforms to build resilience and lay the foundation for stronger and more inclusive growth.
The Executive Board’s decision will enable an immediate disbursement to Ghana equivalent
to SDR 451.4 million (about US$600 million).