$600 million IMF money drops tomorrow – BoG Governor

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The first tranche of $600 million out of the $3billion IMF programme will hit the accounts of the Bank of Ghana tomorrow, May 19, 2023,  the Governor of the Bank of Ghana (BoG), Dr Ernest Addison has confirmed.

The Governor noted that the money would boost the country’s reserves and the Cedi which is already doing very well in recent times.

Joining a joint government of Ghana/ IMF press conference in Washington DC via zoom, the governor said the approval of Ghana’s programme signaled the beginning of work to restore the country’s economic unto the path of growth.

He said aside the money that the IMF programme comes with, it also had a lot of benefits that would help steer the country’s economy out of the current challenges.


Source: graphic.com.gh

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Kennedy Mornah is an Award Winning Ghanaian Journalist with over two decades of experience in the Ghanaian Media landscape spanning the electronic, print and digital media. He is a Media Consultant, a Corporate MC, Radio and TV Host, Founder and Publisher of the Maritime and Transport Digest Newspaper, Businessman, a Go getter and an optimist. He has worked for renowned media organizations including Diamond Fm in Tamale, Luv Fm in Kumasi, Oman Fm in Accra and Starr Fm in Accra In 2017 he received the Reporter of the Year Award at the Ghana Shippers Awards in Accra, Ghana.

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