The Ghana cedi is likely to maintain its stability in the coming weeks, as the country anticipates a $370 million disbursement from the IMF.
This funding, expected later in June, represents the fifth tranche under Ghana’s $3 billion Extended Credit Facility. The IMF Executive Board will review and decide on the release when it meets on June 3.
The expected inflow follows a successful fourth review of Ghana’s economic programme in April. Once approved, total funds received under the deal will reach $2.24 billion.
Bank of Ghana Governor, Dr. Johnson Asiama, says the upcoming IMF funds, along with support from the World Bank, will strengthen Ghana’s foreign reserves.
“We expect the $370 million after the IMF Board approval. The World Bank also plans to release funds. These will improve our reserves by mid-June,” he said.
He added that the combined inflows would anchor exchange rate stability and boost investor confidence.
The IMF programme has played a key role in Ghana’s recovery after recent economic shocks. It offers both funding and technical support to aid fiscal consolidation, debt restructuring, and structural reforms.
Analysts say the incoming funds could ease forex demand pressures and reduce imported inflation as Ghana enters the mid-year economic cycle.
