The International Monetary Fund (IMF) is expected to disburse at least two hundred and thirty-six million dollars ($236,000,000) of the Fund\u2019s extended credit support to Ghana.<\/p>\n
The cash is expected to hit the government of Ghana\u2019s accounts within the next few months.<\/p>\n
This is however subject to Ghana\u2019s ability to meet key targets set under the agreement with the Fund.<\/p>\n
The move\u00a0Citi Business News<\/strong>\u00a0understands also comes on the back of the 5th<\/sup>\u00a0and 6th<\/sup>\u00a0reviews of the country\u2019s performance under the Extended Credit Facility (ECF) Program.<\/p>\n The Chairman of Parliament\u2019s Finance Committee, Dr. Mark Assibey Yeboah confirmed the visit from the IMF mission to Ghana.<\/p>\n According to him, the team\u2019s report points to an appreciable performance under the set targets.<\/p>\n \u201cAfter every review, if we are successful at the IMF\u2019s Board, then there is a disbursement. So they are assessing Ghana\u2019s performance and their verdict is that on virtually all the indicators, that is, the performance criteria, the government passed,\u201d he told\u00a0Citi Business News<\/strong>\u00a0after a meeting with the IMF team in Parliament on Thursday, March 1, 2018.<\/p>\n Dr. Assibey Yeboah further said the disbursement should help strengthen the country\u2019s balance of payment.<\/p>\n \u201cSo in all likelihood, these reviews will give government the clean bill of health for two disbursements of 118million dollars each to come in and that is going to cushion our balance of payment sufficiently.\u201d<\/p>\n Ghana entered into the agreement with the IMF for the disbursement of some 918 million dollars to restore economic stability.<\/p>\n The agreement is expected to be concluded in April 2019 after an extension from the initial April 2018 date.<\/p>\n –<\/p>\n By: Pius Amihere Eduku\/citibusinessnews.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":" The International Monetary Fund (IMF) is expected to disburse at least two hundred and thirty-six million dollars ($236,000,000) of the Fund\u2019s extended credit support to Ghana. The cash is expected to hit the government of Ghana\u2019s accounts within the next few months. This is however subject to Ghana\u2019s ability to meet key targets set under […]<\/p>\n","protected":false},"author":14,"featured_media":43678,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[121,32,171],"tags":[2002,1538],"yoast_head":"\n