• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Ghana Anticipates $370 Million IMF Disbursement to Support Currency Stability 

3 months ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
130
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Ghana Anticipates $370 Million IMF Disbursement to Support Currency Stability 

Ghana’s currency is expected to maintain its relative stability in the coming weeks, buoyed by anticipated inflows from the International Monetary Fund and the World Bank, according to the country’s central bank.

The IMF is set to disburse a $370mn tranche to Ghana later this month, subject to approval by its Executive Board when it meets on June 3. The payment, which marks the fifth instalment under the country’s $3bn Extended Credit Facility (ECF), follows a successful fourth review of Ghana’s economic programme in April. Once approved, it will bring total disbursements under the arrangement to $2.24bn.

Bank of Ghana Governor, Dr Johnson Asiama, said the inflows would help shore up the country’s foreign exchange reserves and provide further support for the cedi, which has seen renewed strength in recent weeks. “We are expecting the $370mn, and not only that—the World Bank also stands to make some disbursement. These inflows will build our reserves further, but that will likely materialise in June,” he said.

Ghana’s economy, which has grappled with high inflation, rising debt and a sharp depreciation of the cedi in recent years, has shown signs of stabilisation under the IMF-backed programme. The ECF arrangement has been instrumental in restoring investor confidence, facilitating debt restructuring talks, and driving fiscal and structural reforms.

The expected disbursements come at a time when foreign exchange pressures are easing, supported by the cedi’s appreciation against the dollar—from GH¢13.99 to GH¢12.15 in the latter half of May, a gain of over 13%. Analysts say the IMF and World Bank inflows could offer short-term relief, particularly as the mid-year economic cycle gets underway and import demand rises.

Market participants remain cautiously optimistic. While the IMF cash injection will provide a temporary buffer, long-term exchange rate stability, they argue, will depend on sustained fiscal discipline, external financing, and progress on debt restructuring.

RelatedPosts

Prof. Bokpin Faults Ghana’s Budget Framework for Rewarding SOE Underperformance

Ghana Becomes Dangote Refinery’s Latest Crude Source as Refinery Hits 70% Capacity

GHS 395 Billion Asset Value of SOEs Formed 33.5% of Ghana’s GDP in 2024

The next steps in Ghana’s engagement with international creditors, along with the outcome of the IMF Board’s meeting, will be closely watched by investors and rating agencies seeking signals on the country’s medium-term macroeconomic trajectory.

Tags: cediGhana Anticipates $370 Million IMF Disbursement to Support Currency StabilityIMF

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

JVCs Post GHS1.51bn Profit, Assets Rise 39.9% in 2024 – SIGA Report

Gulf Countries Respond to U.S. Trade Pressure With Trillion Dollar Plans

Wall Street Forecasts Oil in the $50s Next Year

Ghana 5th in Africa for IMF Outstanding Debt in August 2025

Joe Jackson Warns BoG’s 10% NPL Target Could Squeeze SME Lending

SOEs Record 28.3% Revenue Growth But Post GHS 9.67bn Net Loss in 2024 – SIGA Report 

Trending

Features

Prof. Bokpin Faults Ghana’s Budget Framework for Rewarding SOE Underperformance

September 1, 2025

Prof. Bokpin Faults Ghana’s Budget Framework for Rewarding SOE Underperformance Professor of Finance and Economics at the...

Ghana Becomes Dangote Refinery’s Latest Crude Source as Refinery Hits 70% Capacity

September 1, 2025

GHS 395 Billion Asset Value of SOEs Formed 33.5% of Ghana’s GDP in 2024

September 1, 2025

JVCs Post GHS1.51bn Profit, Assets Rise 39.9% in 2024 – SIGA Report

September 1, 2025

Gulf Countries Respond to U.S. Trade Pressure With Trillion Dollar Plans

September 1, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.