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.

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.

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.