The Finance Ministry says it is optimistic a meeting Wednesday by the IMF to decide release of the third instalment of funds under the Extended Credit Facility will be favourable.

A Deputy Minister of Finance, Mona Quartey, said progressive data on how the government has performed under the programme so far was presented last week to the Fund.

“What we are waiting for is for the management of the IMF board to discuss and approve the next tranche of the credit facility," she said.

She told Joy Busines all the performance criteria that were set for the country has been met.

"There were some prior conditions that we had to meet in order to finish the third review so they can go to the Board. We are in the process and we are almost done and so we are confident that IMF should go to the board to allow the next tranche to come in,” she said.

One of the key data that has been presented to the Fund is the situation on country’s energy sector.

The Fund considers the power sector critical to Ghana’s progress under the deal.

The Amended Bank of Ghana (BoG) Act, the restructure of debts of state organisations, debt and improved fiscal data are among progress Ghana has chalked.

Ghana is expected to get some $116 million when the Board approves the release of the third tranche.

Ghana signed the $918 million bailout deal in April last year for a 3-year period to facilitate debt payment and stabilise the economy.

The country has so far received $114.74 million under the deal.