IMF Approves $360 Million Payout to Ghana After Debt Deal
- New tranche brings to $1.56 billion received by Ghana so far
- Inflows boost defenses for cedi, down 22% to dollar in 2024
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The International Monetary Fund agreed to immediately disburse $360 million to Ghana, after the country reached a debt restructuring agreement with its official creditors.
The new tranche brings to $1.56 billion the West African nation has received from the Washington-based lender, since it signed on to the $3 billion three-year program in May 2023, the IMF said in a statement Friday following an executive board meeting.