IMF approves Ghana $3 bln loan, with immediate $600 mln tranche

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IMF approves Ghana $3 bln loan, with immediate $600 mln tranche
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IMF approves Ghana $3 billion loan facility

The rest will be disbursed in tranches every six months following programme reviews, the IMF said. It detailed the decision on a page on its website that later became inaccessible.

An IMF spokesperson and Ghana's finance ministry did not immediately respond to requests for comment. Ghana faces a debt overhaul after its already strained finances buckled under economic fallout from COVID-19 and Russia's invasion of Ukraine.

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