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Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), expressed her optimism regarding the Ghanaian economy, highlighting significant improvements in the past month.
Ghana recently received a $3 billion assistance package from the IMF and is currently undergoing its first program review, scheduled for completion in November.
during an interview, Georgieva also discussed the progress made by both Zambia and Ghana, both of which had experienced debt defaults but are now making strides under their respective IMF programs.
Furthermore, she recommended that Tunisia take proactive steps to strengthen its economy, even though urgent reforms may not be immediately necessary.
Georgieva underscored the significance of the upcoming second tranche of IMF funding, expected to be disbursed in November, amounting to approximately $600 million. This disbursement is expected to boost confidence in Ghana’s economic stability.
“Ghana’s economic performance is quite commendable. We’ve observed a marked improvement in their situation over the past month, and the economy is in a considerably better state. We are very hopeful that the $600 million tranche of IMF funding will be disbursed,” she remarked.
Source: Omanghana.com
