• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

IMF Endorses Ghana’s Fiscal Discipline and Reform Efforts Under Extended Credit Facility

2 months ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
46
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

IMF Endorses Ghana’s Fiscal Discipline and Reform Efforts Under Extended Credit Facility

The International Monetary Fund (IMF) has commended President John Mahama’s administration for what it describes as bold corrective actions aimed at keeping Ghana’s Extended Credit Facility (ECF) programme on track, following the completion of the Fourth Review of the facility by the Fund’s Executive Board.

In a statement, the IMF said the measures, combined with ongoing structural reforms and an improved external position, are expected to support Ghana’s objectives of restoring macroeconomic stability, rebuilding resilience, and fostering more inclusive and sustainable growth.

“The authorities are strongly committed to restoring fiscal discipline and addressing the structural weaknesses that led to past slippages,” the Fund noted. “They have passed a 2025 budget aligned with the programme’s goals and have enacted an enhanced fiscal responsibility framework. Staying the course of fiscal adjustment and completing the debt restructuring remain critical to ensuring fiscal sustainability.”

The IMF underscored the importance of improving domestic revenue mobilisation, tightening expenditure controls, and creating fiscal space for development priorities and strengthened social safety nets. It also called for urgent action to address long-standing challenges in the energy sector and to resolve related arrears, which it described as key to containing fiscal risks.

The Fund further highlighted Ghana’s progress in rebuilding international reserves and curbing inflation, but urged the Bank of Ghana to maintain a tight monetary stance until inflation is firmly anchored within target. It also encouraged the central bank to reduce its intervention in the foreign exchange market and adopt a formal internal policy framework for FX operations to allow greater exchange rate flexibility.

Turning to financial sector stability, the IMF noted the government’s intensified efforts to address undercapitalised banks but stressed that more is required. It called for the full implementation of the plan to strengthen the National Investment Bank, completion of reforms to ensure the viability of state-owned banks, and the development of contingency plans for institutions unable to recapitalise.

RelatedPosts

FEC 2025: NRGI Warns Fossil Fuel Investments Risk Undermining Africa’s Energy Transition; Lists Innovative Financing Instruments to Plug Transition Funding Shortfall

Kwesi Appiah: The Ghanaian Legend Rewriting Sudan’s Football Story Amid War

Cadillac Signs Sergio Perez and Valtteri Bottas for 2026 F1 Debut

“Efforts to improve the crisis management and resolution framework, bolster financial sector safety nets, and address legacy issues in specialised deposit-taking institutions are also of vital importance,” the IMF added.

The completion of the Fourth Review allows Ghana to access further disbursements under the ECF programme as the country continues its path towards economic recovery amid challenging global and domestic conditions.

Tags: Extended Credit FacilityGhana's Fiscal DisciplineIMFIMF Endorses Ghana’s Fiscal Discipline and Reform Efforts Under Extended Credit Facility

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

FEC 2025: Energy Minister Warns African Gov’ts Cannot Sustain Energy Financing Burden; Urges Stronger Private Sector Role in Continent’s Energy Financing

ACEP Pushes for Bold Financing Models to Tackle Africa’s Energy Poverty at FEC 2025

The Rise of Women-Tailored Insurance Policies in Africa

Energy Ministry, NPA Engage Industry on Proposed Petroleum Sector Legislation

President Mahama Targets Billion-dollar Ghana–Singapore Trade in 24-Hour Economy Pitch to Investors

Unpaid Taxes “Very Frightening”, Says Hon. Nana Osei-Adjei

Trending

Energy

FEC 2025: NRGI Warns Fossil Fuel Investments Risk Undermining Africa’s Energy Transition; Lists Innovative Financing Instruments to Plug Transition Funding Shortfall

August 26, 2025

FEC 2025: NRGI Warns Fossil Fuel Investments Risk Undermining Africa’s Energy Transition; Lists Innovative Financing Instruments to...

Kwesi Appiah: The Ghanaian Legend Rewriting Sudan’s Football Story Amid War

August 26, 2025

Cadillac Signs Sergio Perez and Valtteri Bottas for 2026 F1 Debut

August 26, 2025

FEC 2025: Energy Minister Warns African Gov’ts Cannot Sustain Energy Financing Burden; Urges Stronger Private Sector Role in Continent’s Energy Financing

August 26, 2025

ACEP Pushes for Bold Financing Models to Tackle Africa’s Energy Poverty at FEC 2025

August 26, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.