The second tranche of the $600 million International Monetary Fund (IMF) bailout is anticipated to be received next week, according to Ghana’s Finance Minister, Ken Ofori-Atta.
In a conversation on TV3 Ken Ofori-Atta explained that all necessary steps have been taken, with only the Official Creditor Committee (OCC) needing to submit its Memorandum of Understanding to the IMF, expressing confidence in the process, stating that Ghana had met all requirements, and discussions with the OCC and the Paris Club were progressing positively.
This year, it will occur. Thus, the OCC must deliver its Memorandum of Understanding to the Fund, and we are hoping that this will happen this week or the following week.
“OCC has performed well, and Ghana has done its share. We should be fine, in my opinion.
“We completed the first review expedition extremely effectively. Everything has been successfully completed and submitted to the Fund Board. What is now delaying is the resolution of the debate between the OCC and the Paris Club, which is co-chaired by China and France.
