US$360m brings total under ECF to US$1.92bn By Joshua Worlasi AMLANU & Ebenezer Chike Adjei NJOKU A staff-level agreement (SLA) with the International Monetary Fund (IMF) as part of the country’s Extended Credit Facility (ECF) programme’s third review has been reached.

Ghana is close to receiving another $360 million disbursement from the International Monetary Fund as it reached a staff-level agreement with the Washington-based lender on the third review of an extended credit facility program.

International Monetary Fund staff and officials in Ghana have reached an agreement on their third review of the West African country's $3 billion IMF loan programme, the fund said on Friday.

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.

The International Monetary Fund (IMF) and Ghana have reached a staff-level agreement on the third review of Ghana’s US$ 3 billion extended credit facility.