{"id":70798,"date":"2025-07-10T01:28:21","date_gmt":"2025-07-10T01:28:21","guid":{"rendered":"https:\/\/sotnews.agency\/?p=70798"},"modified":"2025-07-10T01:28:21","modified_gmt":"2025-07-10T01:28:21","slug":"us367m-imf-cash-credited-to-bog-account","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=70798","title":{"rendered":"US$367m IMF cash credited to BoG account."},"content":{"rendered":"
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About US$367 million cash from the International Monetary Fund (IMF) has been credited to the Bank of Ghana\u2019s account today, July 9, 2025.<\/p>\n

This is what\u00a0JoyBusiness\u00a0has picked up from persons with knowledge of the IMF programme.<\/p>\n

It is coming after the Executive Board of the IMF completed the fourth Review of Ghana\u2019s programme with the Fund in Washington, DC, USA, on July 7, 2025.<\/p>\n

The development brings Ghana\u2019s total disbursements under the Extended Credit Facility arrangement to about US$2.3 billion.<\/p>\n

This might be the fourth tranche of IMF cash that Ghana has received since it singed up onto the Fund programme on May 17, 2023.<\/p>\n

Impact of this disbursement<\/strong><\/p>\n

The immediate impact of this disbursement will be the Bank of Ghana\u2019s International Reserves, as it will put it in a strong position to support the local currency.<\/p>\n

Even though some have described the increase in the reserves as marginal, it could go a long way to help in stabilising the Ghana Cedi.<\/p>\n

The fourth tranche of funds will also be advanced towards supporting some projects in the budget.<\/p>\n

This represents a departure from the past when \u201cIMF cash\u201d was primarily set aside for Balance of Payment support for the country.<\/p>\n

Sources say the Bank of Ghana will take the US$367 million and give the cedi equivalent to the Finance Minister, Dr. Ato Forson to finance some projects identified in the budget.<\/p>\n

IMF Board on Ghana programme\u00a0<\/strong><\/p>\n

The IMF Board, after approving the US$367 million, argued that the new administration has taken strong corrective measures to address the fiscal impact of 2024 slippages and ensure the fiscal programme remains on track, including achievement of a 1\u00bd% of Gross Domestic Product fiscal primary surplus in 2025.<\/p>\n

This, the board says will be achieved through additional revenue mobilisation and expenditure rationalisation\u2014while protecting the vulnerable from the impact of policy adjustment.<\/p>\n

Several public financial management reforms will ensure alignment of spending commitments to available resources\u2014including by strengthening budget controls and undertaking a comprehensive audit of payables accumulated end-2024.<\/p>\n

\u201cLooking ahead, the authorities are committed to sustaining their efforts to bolster financial stability\u201d, the IMF board added<\/p>\n

It also added that, the ambitious structural reforms will help create \u201can environment more conducive to private sector investment, and to enhance governance\u00a0 to boost the economy\u2019s potential and underpinning sustainable job creation\u201d<\/p>\n<\/div>\n

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\"US$367mThe development brings Ghana\u2019s total disbursements under the Extended Credit Facility arrangement to about US$2.3 billion.<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-70798","post","type-post","status-publish","format-standard","hentry","category-blog"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/70798","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=70798"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/70798\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=70798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=70798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=70798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}