The International Monetary Fund (IMF) has started its fourth review mission in Ghana as part of the country’s Extended Credit Facility (ECF) programme for 2023–2026.
The two-week mission, which runs from April 2 to April 15, will assess Ghana’s economic performance and progress on structural reforms under the IMF-backed programme.
The review began with discussions at the Ministry of Finance and the Bank of Ghana, focusing on the country’s fiscal performance for 2024.
Over the next two weeks, the IMF delegation will engage with senior government officials, the Central Bank, and other stakeholders to evaluate key economic indicators, including inflation control, monetary policy, and structural reforms.
The mission will also assess Ghana’s progress in meeting IMF targets related to fiscal discipline, economic stabilisation, and debt restructuring.
The outcome will also determine whether Ghana qualifies for the next tranche of financial support from the IMF, which is crucial for maintaining macroeconomic stability.
Finance Minister, Dr. Cassiel Ato Forson emphasized the government’s commitment to economic reforms, citing the passage of transformative tax amendment bills, public procurement reforms, and policies in the 2025 Budget.
He expressed confidence that with positive macroeconomic trends, Ghana’s economy could stabilize by May 2025, and stressed the importance of concluding the review on schedule. The final statement from the IMF is expected on April 15.
