The Executive Board of the International Monetary Fund (IMF) has officially scheduled July 7, 2025, for the consideration of Ghana’s 4th programme review under the ongoing Extended Credit Facility..
According to sources within JoyBusiness, the board is poised to approve Ghana’s performance under the programme, a decision that will trigger the release of approximately US$370 million in funding support. The funds are expected to be credited to the Bank of Ghana’s account by July 11, 2025, further bolstering the country’s external reserves.
This impending disbursement follows a staff-level agreement reached between Ghanaian authorities and the IMF in April 2025, marking continued progress in Ghana’s economic recovery agenda.
Should the board grant approval, Ghana would have received a cumulative US$2.4 billion since the agreement with the IMF came into effect in May 2023. The government has touted improved fiscal discipline, debt restructuring efforts, and inflation control as signs of its commitment to meeting programme benchmarks.
Financial analysts believe the expected inflow could ease short-term pressures on the local currency and support monetary stability. However, they also caution that sustained reform implementation remains crucial for long-term economic resilience.
The IMF’s decision next week is seen as a critical marker in Ghana’s broader roadmap toward macroeconomic stability and debt sustainability.
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