(Reuters) – The International Monetary Fund and Ghanaian authorities have reached an agreement on a third review of the West African country’s $3 billion loan programme, the IMF said in a statement on Friday.
The West African gold and cocoa producer is nearing completion of a debt restructuring process under the G20’s Common Framework initiative after it defaulted on most of its $30 billion international debt in 2022.
“Performance under the IMF-supported program has been generally satisfactory,” the fund said in a statement.
On completion of the fund’s executive board review at a yet to be scheduled date, Ghana will have access to $360 million in financing, the IMF said.
(Reporting by Alessandra Prentice and Duncan Miriri; Editing by Mark Potter)
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