The Minister of State at the Finance Ministry, Dr Mohammed Amin Adam Anta, has confirmed that the first tranche of $600 million will be disbursed immediately after the Executive Board of the International Monetary Fund (IMF) approves Ghana’s request for an extended credit facility (ECF).
Confirming to Reuters in a phone interview on Sunday, May 14, the Karaga Member of Parliament (MP) said a second tranche of the same amount will drop by end of year with the rest disbursed in equal tranches of $360 million after semi-annual reviews.
“We expect a deal on Wednesday,” the former Deputy Energy Minister is quoted as saying.
“With the disbursement, there is going to be $600 million as a first tranche just immediately after the approval.”
The first tranche is expected to be received by the country within a week after the Executive Board’s approval.
Source:Mybrytfmonline.com/Kwabena Nyarko Abronoma
