The Government of Ghana remains optimistic about securing a staff-level agreement with the International Monetary Fund (IMF) as the Fund concludes its fourth review mission today, Tuesday, April 15, under the Extended Credit Facility (ECF) program.
Sources close to Citi Business News suggest that while Ghana missed some key targets last year, a provisional agreement could still be reached. This would hinge on the government’s commitment to implement corrective measures in the coming weeks, particularly in areas such as tax reforms and public procurement improvements.
The IMF is expected to present Ghana’s case to its Executive Board in June, an important step toward unlocking the next tranche of financial support.
The two-week review, which began on April 2, assessed Ghana’s economic performance and structural reforms.
The IMF team also met with officials from the Ministry of Finance, the Bank of Ghana, and other key stakeholders, focusing on inflation, monetary policy, and debt restructuring.
A successful review could trigger the release of approximately $360 million. Ghana has already received US$ 1.92 billion dollars under the $3 billion Extended Credit Facility.
The outcome is crucial for bolstering macroeconomic stability and investor confidence as the country navigates its recovery path.
