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The International Monetary Fund (IMF) will on Thursday, May 18 give details on the Ghana’s disbursements following a scheduled approval of the request for an extended credit facility by the country.
The approval will be done on Wednesday, May 17 by the Executive Board of the Fund.
In a media advisory on Wednesday, the IMF says a virtual press conference will be held on Thursday in Washington DC “to brief journalists on the outcomes of IMF Executive Board meeting on Ghana’s request for an Extended Credit Facility Arrangement, which will take place on Wednesday, May 17”.
Minister of Finance Kenneth Nana Yaw Kuntukunuku Ofori-Atta and Central Bank Governor Dr Ernest Kwamina Yedu Addison will join the IMF Mission Chief for Ghana, Stephane Roudet, for the press conference.
Senior Communications Officer for IMF Tatiana Mossot will coordinate the press conference.
Ghana is expected to receive a first tranche of $600 million within a week after the announcement.
The second tranche is expected to be in by December.
The country is seeking a total of $3 billion from the Bretton Woods institution.
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Source: 3news
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