{"id":11289,"date":"2023-05-19T23:35:21","date_gmt":"2023-05-19T23:35:21","guid":{"rendered":"https:\/\/expressnewsghana.com\/?p=11289"},"modified":"2023-05-22T07:52:56","modified_gmt":"2023-05-22T07:52:56","slug":"imf-3-billion-bail-comes-with-strict-compliances-clauses-oppong-nkrumah-2","status":"publish","type":"post","link":"https:\/\/expressnewsghana.com\/?p=11289","title":{"rendered":"IMF $3 Billion Bail comes with Strict Compliances Clauses-Oppong Nkrumah"},"content":{"rendered":"<p><strong>Information Minister, Kojo Oppong Nkrumah has explained what the 3 billion dollars loan facility from the International Monetary Fund (IMF) is going to be used for in the country.<\/strong><\/p>\n<p>According to him, the money will be released to Ghana in seven (7) tranches with the first tranche being the 600 million dollars.<\/p>\n<p>He\u00a0reiterated on\u00a0Peace FM&#8217;s\u00a0&#8216;kokrokoo&#8217; show Friday that the 600 million dollars has hit the account of the Bank of Ghana.<\/p>\n<p>He further revealed that the other tranches have been spread over the next 3 years, stressing the rest of the money will be released only when Ghana meets the performance criteria given by the IMF.<\/p>\n<p><em>&#8220;It&#8217;s a three-year programme till April 16th, 2026. The way we structured is such that, when the Board approved it, they released 600 million . . . then by November 1st, they will release another 600 million when we meet the performance criteria,&#8221;<\/em>\u00a0he told host Kwami Sefa Kayi.<\/p>\n<p>He added that another $600 million will be released in November 2023 and $360 million in\u00a0May,\u00a0June next year and between May 1st and October 2025 till April 16, 2026.<\/p>\n<p>He added that the first 600 million will be used for balance of payment and budget support for Ghana.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Source: peacefmonline<\/strong><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Information Minister, Kojo Oppong Nkrumah has explained what the 3 billion dollars loan facility from the International Monetary Fund (IMF) is going to be used [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11292,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-11289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>IMF $3 Billion Bail comes with Strict Compliances Clauses-Oppong Nkrumah - Express News Ghana<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/expressnewsghana.com\/?p=11289\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF $3 Billion Bail comes with Strict Compliances Clauses-Oppong 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