The International Monetary Fund (IMF) Executive Board has approved the Fifth Review of Ghana’s performance under its three-year Extended Credit Facility (ECF) programme, marking another milestone in the country’s economic recovery efforts.
The approval clears the way for the disbursement of about US$380 million, bringing total IMF support under the programme to US$2.8 billion.
In its decision, the Board commended Ghana for maintaining strong programme performance. It highlighted significant progress in debt restructuring, disciplined fiscal and monetary policy implementation, and steady advances in governance reforms.
Officials say the outcome is a clear signal that Ghana is firmly resetting its economy for growth, jobs, and transformation. The IMF’s endorsement is expected to boost investor confidence and reinforce the government’s commitment to restoring macroeconomic stability.
The ECF programme, launched to support Ghana’s recovery from severe fiscal and debt challenges, has become a cornerstone of the country’s reform agenda. With the latest disbursement, Ghana is poised to strengthen its fiscal buffers while advancing structural reforms aimed at sustainable development.
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