Ghana Nears Final Review of International Monetary Fund Programme Amid Positive Performance Outlook
Ghana’s engagement with the International Monetary Fund (IMF) is approaching its final stage, with government expressing optimism that the country remains on course to complete its current programme successfully after sustained policy execution.
An IMF staff team is expected in Accra this week to carry out the sixth and concluding review under Ghana’s three-year Extended Credit Facility (ECF) arrangement. This comes ahead of the programme’s anticipated completion in August 2026, following a technical extension.
The mission will evaluate recent macroeconomic developments, including efforts at fiscal consolidation, inflation dynamics, debt sustainability, and progress on structural reforms. It will also hold discussions with key stakeholders across government, the central bank, and civil society.
Speaking to Citi Business News, Technical Advisor at the Ministry of Finance and economist, Theo Acheampong, indicated that the general outlook remains favourable, noting that Ghana has broadly adhered to its programme targets.
He explained that the final review will largely focus on assessing progress made under the ECF arrangement so far.
“There is a mission scheduled for this week, and we will be undertaking the sixth and final review of the $3 billion extended credit facility programme we entered into in 2023,” he said.
Dr. Acheampong further observed that programme implementation has been largely satisfactory, with most key benchmarks and targets achieved.
“What is evident from the fifth review is that we have met the majority of the programme targets,” he stated.
He also expressed confidence in a favourable outcome from the final review, pointing to advancements in structural benchmarks, fiscal measures, and tax policy reforms.
“We are optimistic about a positive outcome from the Fund’s final review and the successful completion of the programme,” he added.
Following its engagements in Accra, the IMF team is expected to prepare its report for submission to the Executive Board in Washington, with final approval set to clear the path for Ghana’s exit from the programme.
