Ghana’s fifth review under the International Monetary Fund’s (IMF) $3 billion Extended Credit Facility (ECF) has entered its final stages, with negotiations expected to wrap up by October 10.
A successful outcome will unlock the next tranche of funding—$360 million—bringing Ghana’s total disbursements under the programme to $2.66 billion.
The IMF mission, led by Dr. Ruben Atoyan, has been in Accra since late September, engaging with technical teams from the Ministry of Finance and the Bank of Ghana. The discussions have focused on key programme benchmarks, including fiscal consolidation efforts, progress on debt restructuring, and monetary policy performance.
The current review is critical for maintaining the momentum of Ghana’s economic recovery programme and restoring macroeconomic stability under the IMF-supported plan.
