{"id":129614,"date":"2023-12-11T09:33:57","date_gmt":"2023-12-11T09:33:57","guid":{"rendered":"https:\/\/www.ghanamma.com\/2023\/12\/11\/no-debt-treatment-deal-with-creditors-no-us600m-tranche-imf-to-ghana\/"},"modified":"2023-12-11T09:33:57","modified_gmt":"2023-12-11T09:33:57","slug":"no-debt-treatment-deal-with-creditors-no-us600m-tranche-imf-to-ghana","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2023\/12\/11\/no-debt-treatment-deal-with-creditors-no-us600m-tranche-imf-to-ghana\/","title":{"rendered":"No debt treatment deal with creditors, no US$600m tranche \u2013 IMF to Ghana \u2013"},"content":{"rendered":"<p><\/p>\n<div>\n<p>The\u00a0International Monetary Fund\u00a0has said \u201cdiscussions between the Ghanaian authorities and the Official Creditor Committee are ongoing\u201d toward releasing the second $600 million tranche of the three-year $3-billion Extended Credit Facility programme.<\/p>\n<p>The release of the next tranche is, however, contingent on an agreement between the Ghanaian government and the official creditors, the Bretton Wood institution has said.<\/p>\n<p>\u201cWe certainly hope that an agreement can be reached soon so that we can rapidly bring the programme to the Board\u201d, Director of the IMF\u2019s Communications Department, Julie Kozack, said at a recent press conference.<\/p>\n<p>She pointed out that the Ghanaian authorities\u2019 \u201cstrong policy and reform commitments under the three-year, $3-billion programme with the IMF is starting to bear fruit\u201d.<\/p>\n<p>\u201cThere are signs of economic stabilisation\u201d, she observed, adding: \u201cGrowth in 2023 has proven more resilient than initially envisaged\u201d while \u201cinflation has come down, and the fiscal and external positions have improved\u201d.<\/p>\n<p>\u201cMoreover, exchange rate volatility has declined\u201d, Ms Kozack added.<\/p>\n<p>She said on October 6, 2023, \u201cour IMF team reached a staff-level agreement on the first review under the programme, and once this review was completed by the Board, Ghana would have access to $600 million in financing.<\/p>\n<p>\u201cTo ensure timely completion of the review, official creditors and the Ghanaian authorities will need to reach agreement on a debt treatment, consistent with the objectives of the programme, and in line with the financing assurances that creditors provided in May of 2023\u201d, she mentioned.<\/p>\n<p><strong>Source:\u00a0<\/strong>classfmonline.com<\/p>\n<p><!-- AI CONTENT END 1 --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The\u00a0International Monetary Fund\u00a0has said \u201cdiscussions between the Ghanaian authorities and the Official Creditor Committee are ongoing\u201d toward releasing the second $600 million tranche of the three-year $3-billion Extended Credit Facility programme. The release of the next tranche is, however, contingent on an agreement between the Ghanaian government and the official creditors, the Bretton Wood institution [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":129615,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-129614","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>No debt treatment deal with creditors, no US$600m tranche \u2013 IMF to Ghana \u2013 - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2023\/12\/11\/no-debt-treatment-deal-with-creditors-no-us600m-tranche-imf-to-ghana\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"No debt treatment deal with creditors, no US$600m tranche \u2013 IMF to Ghana \u2013 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"The\u00a0International Monetary Fund\u00a0has said \u201cdiscussions between the Ghanaian authorities and the Official Creditor Committee are ongoing\u201d toward releasing the second $600 million tranche of the three-year $3-billion Extended Credit Facility programme. 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