The Minister of Finance, Dr. Mohammed Amin Adam, has announced that the IMF Board will convene on December 2, 2024, to review Ghana\u2019s third programme. <\/p>\n This review could lead to a $360 million disbursement to the Bank of Ghana, supporting the government’s budget and balance of payments. <\/p>\n The upcoming meeting follows a staff-level agreement reached earlier this month after the IMF reviewed data up to June 2024. <\/p>\n Dr. Amin Adam noted that this disbursement would bring the total funds received under the IMF programme to $1.92 billion. <\/p>\n Speaking at a press briefing in Washington, DC, during the Annual IMF\/World Bank Meetings, Dr. Amin Adam confirmed that Ghana has met all requirements for the IMF programme\u2019s approvals and disbursements. <\/p>\n He expressed optimism that the $360 million from the IMF, along with an additional $300 million from the World Bank, would bolster Ghana\u2019s reserves and help stabilise the Ghanaian cedi in the coming year. <\/p>\n He reassured businesses that there is no need to panic about foreign exchange availability. <\/p>\n Dr. Amin Adam emphasised that the IMF funds signal to investors that the government is taking the necessary steps to stabilize the economy. <\/p>\n He also reported positive feedback from investor meetings in Washington, DC, indicating renewed interest in Ghana\u2019s domestic bond market. <\/p>\n Addressing concerns about economic management, Dr. Amin Adam highlighted significant progress in growth, exchange rate stability, and inflation over the past two years, asserting that Ghana\u2019s economy has strongly recovered. <\/p>\n The finance minister welcomed the IMF\u2019s revised growth projection for Ghana, which increased the 2024 target from 3% to 4%. <\/p>\n He expressed confidence that Ghana would exceed this target due to recent investments yielding results, although the government will maintain the original 3% growth projection in the 2024 budget for now. <\/p>\n ID\/EB<\/p>\n Watch the latest edition of BizHeadlines below:<\/b><\/p>\n![\"Minister](\"https:\/\/cdn.ghanaweb.com\/imagelib\/pics\/511\/51197902.295.jpg\" "\\"Minister")
Minister of Finance, Dr. Mohammed Amin Adam<\/span><\/span><\/p>\n<\/div>\n