Ghana’s engagement with the International Monetary Fund (IMF) is entering its final phase, with government expressing confidence that the country is on track to successfully complete its programme under the Extended Credit Facility (ECF).
A staff mission from the IMF is expected in Accra this week to conduct the sixth and final review of Ghana’s three-year, $3 billion ECF arrangement, ahead of a planned exit in August 2026 following a technical extension.
The mission will evaluate Ghana’s recent macroeconomic performance, focusing on fiscal consolidation, inflation trends, debt management, and progress on structural reforms.
It will also engage key stakeholders across government, the central bank, and civil society as part of the review process.
Theo Acheampong, Technical Advisor at the Ministry of Finance, said the review would largely assess gains already made under the programme.
“So there’s a mission that is planned for this week. We are now going to be undertaking the sixth and final review of the $3 billion extended credit facility that we entered into in 2023.” - Theo Acheampong
Confidence in Positive Outcome
Dr. Acheampong indicated that Ghana’s performance under the programme has been broadly satisfactory, with most targets and policy commitments achieved.
“What is very clear from the fifth review is that we have met most of those programme targets,” he said, highlighting progress in fiscal measures, tax reforms, and structural benchmarks.
He expressed optimism about the outcome of the final review, adding, “We are looking forward to a very positive outcome in terms of the Fund’s final review in Ghana and the conclusion of the programme.”
Following its engagements in Accra, the IMF mission is expected to compile its findings and submit a report to its Executive Board in Washington for final consideration.
A successful review would pave the way for the completion of Ghana’s IMF-supported programme, marking a significant milestone in the country’s economic recovery efforts.
Government officials say the anticipated exit reflects sustained policy discipline and signals growing stability, with attention now shifting toward maintaining gains beyond the programme period.
READ ALSO: ACEP Demands Load-Shedding Timetable and Urgent Reforms on Power Crisis
