{"id":83602,"date":"2024-10-06T17:07:41","date_gmt":"2024-10-06T17:07:41","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/uncategorized\/imf-ghana-agree-on-third-programme-review"},"modified":"2024-10-06T17:09:06","modified_gmt":"2024-10-06T17:09:06","slug":"imf-ghana-agree-on-third-programme-review","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/imf-ghana-agree-on-third-programme-review","title":{"rendered":"IMF, Ghana Agree on Third Programme Review"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>An International Monetary Fund (IMF) staff team, has reached a staff-level agreement with Ghana, paving way for the Board to approve another US$360 million for the country.<\/b><\/p>\n

This development comes following a third revolution of the country\u2019s on-going US$3 billion IMF loan-supported programme for economic recovery and debt sustainability.<\/p>\n

In a statement issued by the Mission at the end of a two- week long review, held between September 24 and October 4, 2024, the team noted that Ghana\u2019s performance under the three-year programme, has been \u201csatisfactory.\u201d<\/p>\n

Mr Ste\u0301phane Roudet, Mission Chief for Ghana, said, \u201cupon completion of the Executive Board review, Ghana would have access to SDR 269.1 million (about US$360 million), bringing the total IMF financial support disbursed under the arrangement, since May 2023, to SDR 1,441 million (about US$1,920 million).\u201d<\/p>\n

\u201cAll end-June 2024 quantitative targets were met, and progress on key structural reforms has continued notwithstanding delays in a few areas,\u201d he noted.<\/p>\n

Mr Roudet stated that the country\u2019s economic growth in the first half of 2024 was much higher than initially envisaged, primarily fuelled by mining, construction, and information and communication activity.<\/p>\n

There was also a broadening of the sources of growth across sectors during the second quarter, with inflation seeing a continued decline.<\/p>\n

On the monetary policy front, he said the team observed that the Bank of Ghana showed commitment to maintaining a tight stance to support a continued decline in inflation.<\/p>\n

\u201cFiscal performance in 2024 has so far been strong, and Ghana is on track to achieve a primary surplus on a commitment basis of 1\u20442 per cent of GDP, despite emerging spending pressures from the recent drought in the northern regions and difficulties in the energy sector,\u201d Mr Roudet said.<\/p>\n

Also, the country\u2019s external sector saw considerable improvement in 2024, driven by strong exports\u2014particularly gold and to a lesser extent oil\u2014and higher remittances with international reserves accumulating beyond programme targets.<\/p>\n

The financial stability has been maintained, with progress on recapitalisation and increased bank profitability, he stated.<\/p>\n

He indicated that the recent dry spell in the Northern regions would adversely impact agricultural output, potentially constraining growth and adding pressure on food prices for the remainder of the year.<\/p>\n

\u201cHowever, the government\u2019s policy response should help mitigate these risks,\u201d the IMF Mission Chief for Ghana said.<\/p>\n

IMF staff met with Dr Mohammed Amin Adam, Finance Minister, Dr Ernest Addison, Governor, Bank of Ghana (BoG), and their teams, representatives from various government agencies, and other stakeholders.<\/p>\n

For More News And Analysis About Ghana Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. An International Monetary Fund (IMF) staff team, has reached a staff-level agreement with Ghana, paving way for the Board to approve another US$360 million for the country. This development comes following a third revolution of the country\u2019s on-going US$3 billion IMF loan-supported programme for economic recovery and debt sustainability. In a statement […]<\/p>\n","protected":false},"author":84,"featured_media":83601,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7],"tags":[429],"class_list":["post-83602","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-ghana"],"yoast_head":"\nIMF, Ghana Agree on Third Programme Review - Ghana<\/title>\n<meta name=\"description\" content=\"An International Monetary Fund (IMF) staff team, has reached a staff-level agreement with Ghana, paving way for the B ...\" \/>\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.africa-press.net\/ghana\/all-news\/imf-ghana-agree-on-third-programme-review\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF, Ghana Agree on Third Programme Review\" \/>\n<meta property=\"og:description\" content=\"An International Monetary Fund (IMF) staff team, has reached a staff-level agreement with Ghana, paving way for the B ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/imf-ghana-agree-on-third-programme-review\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-06T17:07:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-06T17:09:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/10\/sm_1728221922.622537.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/imf-ghana-agree-on-third-programme-review#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/imf-ghana-agree-on-third-programme-review\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"IMF, Ghana Agree on Third Programme Review\",\"datePublished\":\"2024-10-06T17:07:41+00:00\",\"dateModified\":\"2024-10-06T17:09:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/imf-ghana-agree-on-third-programme-review\"},\"wordCount\":425,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/imf-ghana-agree-on-third-programme-review#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/10\/sm_1728221922.622537.jpg\",\"keywords\":[\"ghana\"],\"articleSection\":[\"all news\",\"Economy\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/imf-ghana-agree-on-third-programme-review#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/imf-ghana-agree-on-third-programme-review\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/imf-ghana-agree-on-third-programme-review\",\"name\":\"IMF, Ghana Agree on Third Programme Review - Ghana\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/imf-ghana-agree-on-third-programme-review#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/imf-ghana-agree-on-third-programme-review#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/10\/sm_1728221922.622537.jpg\",\"datePublished\":\"2024-10-06T17:07:41+00:00\",\"dateModified\":\"2024-10-06T17:09:06+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"An International Monetary Fund (IMF) staff team, has reached a staff-level agreement with Ghana, paving way for the B ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/imf-ghana-agree-on-third-programme-review#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/imf-ghana-agree-on-third-programme-review\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/imf-ghana-agree-on-third-programme-review#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/10\/sm_1728221922.622537.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/10\/sm_1728221922.622537.jpg\",\"width\":1280,\"height\":720,\"caption\":\"IMF, Ghana Agree on Third Programme Review\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/imf-ghana-agree-on-third-programme-review#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/ghana\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"IMF, Ghana Agree on Third Programme Review\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#website\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/\",\"name\":\"Ghana\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/ghana\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"IMF, Ghana Agree on Third Programme Review - Ghana","description":"An International Monetary Fund (IMF) staff team, has reached a staff-level agreement with Ghana, paving way for the B ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/ghana\/all-news\/imf-ghana-agree-on-third-programme-review","og_locale":"en_US","og_type":"article","og_title":"IMF, Ghana Agree on Third Programme Review","og_description":"An International Monetary Fund (IMF) staff team, has reached a staff-level agreement with Ghana, paving way for the B ...","og_url":"https:\/\/www.africa-press.net\/ghana\/all-news\/imf-ghana-agree-on-third-programme-review","og_site_name":"Ghana","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2024-10-06T17:07:41+00:00","article_modified_time":"2024-10-06T17:09:06+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/10\/sm_1728221922.622537.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/imf-ghana-agree-on-third-programme-review#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/imf-ghana-agree-on-third-programme-review"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"IMF, Ghana Agree on Third Programme Review","datePublished":"2024-10-06T17:07:41+00:00","dateModified":"2024-10-06T17:09:06+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/imf-ghana-agree-on-third-programme-review"},"wordCount":425,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/imf-ghana-agree-on-third-programme-review#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/10\/sm_1728221922.622537.jpg","keywords":["ghana"],"articleSection":["all news","Economy","head lines"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/ghana\/all-news\/imf-ghana-agree-on-third-programme-review#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/imf-ghana-agree-on-third-programme-review","url":"https:\/\/www.africa-press.net\/ghana\/all-news\/imf-ghana-agree-on-third-programme-review","name":"IMF, Ghana Agree on Third Programme Review - Ghana","isPartOf":{"@id":"https:\/\/www.africa-press.net\/ghana\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/imf-ghana-agree-on-third-programme-review#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/imf-ghana-agree-on-third-programme-review#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/10\/sm_1728221922.622537.jpg","datePublished":"2024-10-06T17:07:41+00:00","dateModified":"2024-10-06T17:09:06+00:00","author":{"@id":"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"An International Monetary Fund (IMF) staff team, has reached a staff-level agreement with Ghana, paving way for the B ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/imf-ghana-agree-on-third-programme-review#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/ghana\/all-news\/imf-ghana-agree-on-third-programme-review"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/imf-ghana-agree-on-third-programme-review#primaryimage","url":"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/10\/sm_1728221922.622537.jpg","contentUrl":"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/10\/sm_1728221922.622537.jpg","width":1280,"height":720,"caption":"IMF, Ghana Agree on Third Programme Review"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/imf-ghana-agree-on-third-programme-review#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/ghana\/"},{"@type":"ListItem","position":2,"name":"IMF, Ghana Agree on Third Programme Review"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/ghana\/#website","url":"https:\/\/www.africa-press.net\/ghana\/","name":"Ghana","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/ghana\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/posts\/83602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/comments?post=83602"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/posts\/83602\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/media\/83601"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/media?parent=83602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/categories?post=83602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/tags?post=83602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}