The International Monetary Fund (IMF) and the Government of Ghana have reached a staff-level agreement on the fourth review of the country’s $3 billion loan programme, unlocking a $370 million disbursement upon approval by the IMF’s Executive Board.
Ghana, a major producer of gold, oil, and cocoa, is navigating a recovery from its worst economic crisis in decades, with ongoing challenges in its cocoa and gold sectors.
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In a statement released Tuesday, the IMF noted that Ghana’s overall performance under the programme had significantly deteriorated by the end of 2024. However, the government has since taken steps to address policy and reform setbacks.
“Discussions with the authorities centred on possible additional measures needed to address structural weaknesses in public financial management,” the Fund said.
Reuters
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