The government anticipates receiving around $6.2 billion from its multilateral partners between 2023 and 2026, according to Ken Ofori-Atta, minister of finance. On Sunday, June 18, the Minister of Finance informed the populace about the state of the economy and revealed that the government had developed Ghana’s Post-COVID-19 Programme for Economic Growth (PC-PEG), which is supported by the IMF and includes all the necessary reforms to boost the economy.
According to Mr. Ofori-Atta, the administration is committed to implementing the reforms and anticipates receiving $2 billion in funding from multilateral partners by the year 2023.
“Our steadfast pursuit of innovation and bolstered partnerships match our commitment to these reforms.” Totaling the cash provided by the IMF as well, the world Bank and AfDB support, we expect multilateral support of about US$2.0 billion for 2023 and US$6.2 billion between 2023 and 2026.
We expect the World Bank to provide a total support of US$1.6 billion whilst the AfDB provides a total support of US$200 million over the programme period.
“The Minister further disclosed “we expect to mobilize catalytic funding of US$30 million in 2023 and US$330 million between 2023 and 2026 from bilateral creditors.”