IMF to consider third review of Ghana's programme by the end of December 2024

The Minister of Finance, Dr. Mohammed Amin Adam, has revealed that Ghana’s third review for approval for the fourth tranche of the International Monetary Fund loan will be done by the end of December this year.

According to him, the review will enable the Board to immediately disburse the fourth tranche of US$360 million bringing the total disbursements to US$1.92 billion.

During the Finance Ministry’s monthly economic update in Accra on August 29, 2024, the minister said: “Preliminary data for the 1st half of 2024 indicates that we are on track to meeting the targets for the 3rd Review. It is expected that the IMF Executive Board will consider Ghana’s 3rd Review for approval by end Dec 2024, which will enable the Board to immediately disburse the 4th Tranche of US$360 million bringing the total disbursements to US$1.92 billion.”

Dr. Adam said the government has successfully concluded the second review of the programme on June 28, 2024,

with strong endorsement of Ghana’s programme by all the IMF Executive Directors.

“For the third review, the IMF has programmed a staff mission for the period September 24 to October 4, 2024, to, among others assess the performance of the country in relation to the performance targets agreed with the Fund under the programme.

“The review will assess the Six (6) Quantitative Performance Criteria (QPCs), Four (4) Indicative Targets (ITs), and a number of Structural Benchmarks (SBs) due by the end of June 2024 and those due before the Board date for the 3rd Review,” he added.

SSD/MA

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