IMF Executive Board approves Ghana's $3billion bailout

News coming in indicates that Ghana has secured the $3billion financial support from the International Monetary Fund (IMF).

This came to light following a meeting which was held on May 17 in Washington, USA.

Thinknewsonline.com has further gathered that following the Washington meeting, the Executive Board of the IMF approved Ghana's programme over the next three years.

In other developments, the International Monetary Fund (IMF) will be holding a virtual press conference on May 18 where it will update journalists with detqils into the outcomes of the Executive Board meeting concerning Ghana's request for an Extended Credit Facility (ECF) Arrangement.

The press briefing will have key participants including Stephane Roudet, the IMF Mission Chief for Ghana; Ken Ofori-Atta, Ghana's Minister of Finance; Ernest Addison, Governor of the Bank of Ghana; and Tatiana Mossot, Senior Communications Officer at the IMF.

Story by: Joshua Kwabena Smith