The Executive Board of the IMF unanimously approved the $3 billion bailout for Ghana at a meeting on Wednesday [May 17, 2023] in Washington.
$600 million out of the $3 billion loan was disbursed on the day of the approval of the bailout, and $350 million would be disbursed every six months for the three-year programme.
The $350 is, however, subject to the government of Ghana meeting stated targets and conditions.
Watch a livestream of Ofori-Atta’s update below:
