IMF Staff Concludes Review Mission to Ghana, Fourth Program Assessment Set for April 2025
An International Monetary Fund (IMF) staff team, led by Stéphane Roudet, has concluded a visit to Ghana from February 10-14, engaging with government officials and key stakeholders on the country’s IMF-supported economic program.
In a statement following the visit, Mr. Roudet confirmed that the team reviewed Ghana’s progress in meeting key commitments under the $3 billion Extended Credit Facility (ECF) and initiated discussions on policies that will shape the country’s 2025 budget.
“The mission team engaged the Ghanaian authorities on recent macroeconomic developments. It also started discussions on the policies that will underpin the 2025 budget. This dialogue is set to continue over the coming weeks,” Roudet stated.
The review of Ghana’s program performance will be formally assessed during the fourth review of the ECF arrangement in April 2025, a crucial evaluation that will determine the country’s continued access to IMF funding and support.
The IMF team met with President John Mahama, Finance Minister Cassiel Ato Forson, and Bank of Ghana Acting Governor Johnson Asiama, alongside other government agencies and stakeholders. The Fund commended the Ghanaian authorities for their constructive engagement and cooperation during the mission.
Ghana’s ongoing IMF program, which began in May 2023, aims to restore macroeconomic stability, reduce fiscal deficits, and strengthen investor confidence. However, the government faces tight fiscal conditions, with a required primary surplus target of 1.5% of GDP by end-2025, limiting its ability to finance key development initiatives.
The upcoming fourth review in April 2025 is expected to assess Ghana’s progress in fiscal consolidation, debt restructuring, and structural reforms, which remain critical for economic recovery and long-term stability.
