$600 million IMF money drops today

The first tranche of $600 million out of the $3billion IMF programme will hit the accounts of the Bank of Ghana today, May 19, 2023, the Governor of the Bank of Ghana (BoG), Dr Ernest Addison has confirmed.

The Governor noted that the money would boost the country’s reserves and the Cedi which is already doing very well in recent times.

Joining a joint government of Ghana/ IMF press conference in Washington DC via zoom, the governor said the approval of Ghana’s programme signaled the beginning of work to restore the country’s economy unto the path of growth.

He said aside from the money that the IMF programme comes with, it also had a lot of benefits that would help steer the country’s economy out of the current challenges.

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