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Ghana is on track to successfully exit its ongoing programme with the International Monetary Fund (IMF), as the final review under the three-year Extended Credit Facility (ECF) arrangement begins. The review, scheduled for this week, marks the sixth and final evaluation before the programme concludes in August 2026, following a technical extension.
An IMF staff mission will be in Accra to assess the country’s macroeconomic performance, including fiscal consolidation, inflation trends, debt management, and structural reforms. The team will also engage with key stakeholders across government, the central bank, and civil society.
In an interview with Citi Business News, Technical Advisor at the Ministry of Finance, Dr. Theo Acheampong, expressed confidence that Ghana is on course to meet the programme’s targets. “We are now preparing for the sixth and final review of the $3 billion extended credit facility we entered into in 2023,” he said.
Dr. Acheampong highlighted that Ghana has largely met the programme’s commitments, with key reforms and targets being successfully implemented. “The performance has been broadly satisfactory, and we have met most of the programme’s targets, as confirmed in the fifth review,” he added.
The economist pointed out that significant progress has been made on structural reforms, fiscal measures, and tax reforms, all of which have strengthened the outlook for a positive final assessment. “We are confident that the final review will yield a positive result and that the programme will conclude successfully,” he said.
Following its engagements in Accra, the IMF team will compile its findings and submit a report to its Executive Board in Washington for final approval, which will pave the way for Ghana’s programme completion.
Story by Efua Nessa
Source: Loco tv