IMF Deal : Between $350 to $450 Will Be Immediate Release Funds To Ghana - Bright Simons

Bright Simons ,the vice president of Imani Africa has stated Ghana will presumably receive between $300 million and $450 million in immediate funding.

But he claims that Ghaha wants the entire $600 million, which is the first installment of the $3 billion the Fund is anticipated to release.

"According to the IMF's historical risk-based tranche disbursement model, 'immediate release' upon approval of Ghana's extended credit facility (ECF) agreement in the coming weeks should range from $300 million to $450 million.

"However, Ghana has made it plain that it will accept nothing less than $600 million. "And it wants it all immediately," he tweeted.

Dr. Mohammed Amin Adam Anta, Minister of State at the Ministry of Finance, previously indicated that the first tranche of $600 million would be disbursed as soon as the Executive Board of the Fund approves Ghana's request for the ECF.