{"id":24294,"date":"2023-05-21T14:41:32","date_gmt":"2023-05-21T13:41:32","guid":{"rendered":"https:\/\/nkyeremunews.com\/?p=24294"},"modified":"2023-05-21T14:41:32","modified_gmt":"2023-05-21T13:41:32","slug":"ofori-atta-reacts-to-release-of-us600m-imf-cash-lists-three-areas-to-benefit","status":"publish","type":"post","link":"https:\/\/nkyeremunews.com\/index.php\/2023\/05\/21\/ofori-atta-reacts-to-release-of-us600m-imf-cash-lists-three-areas-to-benefit\/","title":{"rendered":"Ofori-Atta Reacts To Release Of US$600m IMF Cash, Lists Three Areas To Benefit"},"content":{"rendered":"

Finance Minister, Ken Ofori-Atta has confirmed Ghana\u2019s receipt of the first tranche of US$600 million out of a US$3 billion bailout from the International Monetary Fund (IMF).<\/p>\n

<\/div>\n

Ofori-Atta listed three major priority areas in the economy that the funds will go to address in a tweet posted hours after the apex bank confirmed receipt of the funds.<\/p>\n

\n
\n
\n
<\/div>\n<\/div>\n<\/div>\n<\/div>\n

The funds, he said, will be used for: Balance of Payment (BOP) & budget support, as well as to \u201chelp stabilise the FX rate & trigger a cascading effect on inflation.\u201d<\/p>\n

<\/div>\n
\"\"<\/div>\n
<\/div>\n

His full tweet of May 19 read: \u201cBank of Ghana informs me that the first tranche of $600 million of Ghana\u2019s low interest $3billion ECF facility has been received. These funds will be used for BOP & budget support and will also help stabilise the FX rate & trigger a cascading effect on inflation.\u201d<\/p>\n

The facility was approved by the IMF Board this week after major creditors (China and the Paris Club) gave financing reassurances.<\/p>\n

Subsequent releases will be based on Ghana\u2019s adherence to laid down processes agreed with the Fund, as well as the implementation of strict regulations back home.<\/p>\n","protected":false},"excerpt":{"rendered":"

Finance Minister, Ken Ofori-Atta has confirmed Ghana\u2019s receipt of the first tranche of US$600 million<\/p>\n","protected":false},"author":1,"featured_media":24296,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[25,1],"tags":[],"aioseo_notices":[],"jetpack_sharing_enabled":true,"featured_image_urls":{"full":["https:\/\/nkyeremunews.com\/wp-content\/uploads\/2023\/05\/BeFunky-collage-2023-05-21T133940.801.jpg",1200,640,false],"thumbnail":["https:\/\/nkyeremunews.com\/wp-content\/uploads\/2023\/05\/BeFunky-collage-2023-05-21T133940.801-150x150.jpg",150,150,true],"medium":["https:\/\/nkyeremunews.com\/wp-content\/uploads\/2023\/05\/BeFunky-collage-2023-05-21T133940.801-300x160.jpg",300,160,true],"medium_large":["https:\/\/nkyeremunews.com\/wp-content\/uploads\/2023\/05\/BeFunky-collage-2023-05-21T133940.801-768x410.jpg",640,342,true],"large":["https:\/\/nkyeremunews.com\/wp-content\/uploads\/2023\/05\/BeFunky-collage-2023-05-21T133940.801-1024x546.jpg",640,341,true],"1536x1536":["https:\/\/nkyeremunews.com\/wp-content\/uploads\/2023\/05\/BeFunky-collage-2023-05-21T133940.801.jpg",1200,640,false],"2048x2048":["https:\/\/nkyeremunews.com\/wp-content\/uploads\/2023\/05\/BeFunky-collage-2023-05-21T133940.801.jpg",1200,640,false],"chromenews-featured":["https:\/\/nkyeremunews.com\/wp-content\/uploads\/2023\/05\/BeFunky-collage-2023-05-21T133940.801.jpg",1024,546,false],"chromenews-large":["https:\/\/nkyeremunews.com\/wp-content\/uploads\/2023\/05\/BeFunky-collage-2023-05-21T133940.801.jpg",825,440,false],"chromenews-medium":["https:\/\/nkyeremunews.com\/wp-content\/uploads\/2023\/05\/BeFunky-collage-2023-05-21T133940.801.jpg",590,315,false]},"author_info":{"display_name":"nkyeremunews","author_link":"https:\/\/nkyeremunews.com\/index.php\/author\/nkyeremunews\/"},"category_info":"Government and Politics<\/a> Nkyeremu<\/a>","tag_info":"Nkyeremu","comment_count":"5","jetpack_featured_media_url":"https:\/\/nkyeremunews.com\/wp-content\/uploads\/2023\/05\/BeFunky-collage-2023-05-21T133940.801.jpg","_links":{"self":[{"href":"https:\/\/nkyeremunews.com\/index.php\/wp-json\/wp\/v2\/posts\/24294"}],"collection":[{"href":"https:\/\/nkyeremunews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nkyeremunews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nkyeremunews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nkyeremunews.com\/index.php\/wp-json\/wp\/v2\/comments?post=24294"}],"version-history":[{"count":0,"href":"https:\/\/nkyeremunews.com\/index.php\/wp-json\/wp\/v2\/posts\/24294\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nkyeremunews.com\/index.php\/wp-json\/wp\/v2\/media\/24296"}],"wp:attachment":[{"href":"https:\/\/nkyeremunews.com\/index.php\/wp-json\/wp\/v2\/media?parent=24294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nkyeremunews.com\/index.php\/wp-json\/wp\/v2\/categories?post=24294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nkyeremunews.com\/index.php\/wp-json\/wp\/v2\/tags?post=24294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}