Tag: First tranche
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IMF deal: Prof. Gatsi doubts approval of first tranche on Wednesday
Economist Prof. John Gatsi, is doubtful that Ghana would get approval for its first loan tranche of US$600 million from the International Monetary Fund (IMF) by Wednesday, May 17. The government has stated that the first tranche of the US$ 3 billion bailout will hit the account of the Bank of Ghana later this week.…
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IMF likely to approve first $600m tranche for Ghana by Wednesday
Ghana expects the International Monetary Fund to approve a first loan tranche of $600 million as soon as Wednesday, paving the way for disbursement within a week, Minister of State in the Finance Ministry Mohammed Amin Adam told Reuters on Sunday. Ghana is seeking $3 billion from the Fund to shore up its battered economy.…