Ghana is doing well, $600m disbursement possible in November

Ghana is doing well, $600m disbursement possible in November

The International Monetary Fund’s (IMF) managing director, Kristalina Georgieva, stated optimism about Ghana’s economy and noted that the situation has significantly improved over the past month.

The IMF just provided $3 billion in assistance to Ghana. The entire country is currently going through its first program review, which is expected to be finished in November.

In an interview, Georgieva also talked about how Zambia and Ghana, both of whom experienced debt defaults but are now making headway under their separate IMF plans, have made achievements.

She also recommended Tunisia to act quickly to strengthen its economy even though an urgent reform may not be required.

Georgieva emphasized the importance of the second tranche of IMF funding, expected to be disbursed in November and around $600 million, for boosting confidence in Ghana’s economic stability.

“Ghana is doing actually quite well. You have seen that their position has improved over the last month, and the economy is in a much better place. I would very much hope that we can have the disbursement,” she said referring to a $600 million tranche of IMF money.

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