Ghana receives the first of a $3 billion bailout package of a $600 million relief fund from the International Monetary Fund (IMF), which has been credited to the Bank of Ghana account.
The first funds arrived on Friday, May 19, 2023. The office of the finance ministry had earlier tweeted to receiving the first inflow of relief funds from the IMF
Bank of Ghana informs me that the first tranche of $600 million of Ghana’s low-interest $ 3 billion ECF facility has been received. These funds will be used for BOP & budget support and will also help stabilize the FX rate & trigger a cascading effect on inflation #GhanaRising
Read Also: Akufo-Addo Has Proven Change Is Not Always Good – Muntaka