The IMF Board has given Ghana a positive assessment on its third programme review, approving a disbursement of $360 million.

The International Monetary Fund (IMF) Board has given Ghana a thumbs up on its third programme review, approving a disbursement of $360 million to the country. This development is a testament to Ghana's progress in meeting key targets under the review process .

The IMF Staff Report on Ghana's third programme review, which was considered by the board on December 2, 2024, in Washington DC, USA, highlighted the country's satisfactory performance. The report noted that Ghana has met all the end-June 2024 quantitative targets, and progress on key structural reforms has continued, despite some delays .

This disbursement brings the total funds received by Ghana since it signed up for the programme to $1.92 billion. The funds are expected to hit the Bank of Ghana's account before December 7, 2024 .

The IMF's approval is a positive signal to investors and donors that Ghana is on track with its programmes aimed at stabilizing the economy. This development could also strengthen the cedi's recovery against the dollar and boost the country's international reserves, which currently stand at 7.92 billion cedis .