IMF bailout: We’re confident of securing third tranche – Amin Adam
The Finance Minister, Dr. Mohammed Amin Adam has expressed confidence that the International Monetary Fund (IMF) will release the third tranche of the three billion dollar bailout once an MOU with the external creditors is secured.
He said this during a press conference after the Spring Meetings in Washington on Sunday, April 21, 2024.
“We do not have any reason to suggest that the board will miss this because essentially we have agreed to all that we need to do and the only outstanding issue is the draft from the official creditors this May if we have that there won’t be any lengthy negotiation.
“We have already negotiated and we have agreed to the offer they gave us in principle since January…so I can tell you, we are very optimistic.”
Ghana is expected to get approval for its third tranche of $360m when the Executive Board of the IMF meet in June, having reached a staff-level agreement on the second review of the loan-support programme.
Commenting on the current power crisis the finance minister said the current electricity outages is very worry and a lot of progress have been made to get the situation solved.
