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IMF Executive Board approves fifth review of Ghana’s programme

IMF seeks extension of Ghana’s ECF to complete final review

 

The Executive Board of the International Monetary Fund (IMF) has approved the Fifth Review of Ghana’s IMF-supported programme under the Extended Credit Facility (ECF), paving the way for the release of a sixth tranche of US$380 million to the country.

The approval was granted on Wednesday, December 17, 2025, and reflects Ghana’s strong performance under the programme, as well as government’s sustained efforts to restore macroeconomic stability, strengthen public finances and support economic recovery.

In a statement shared on the official Facebook page of the Ministry of Finance, the IMF acknowledged the progress made by Ghana in implementing key reforms aimed at stabilising the economy and placing it on a path of sustainable growth.

Welcoming the decision, the Minister for Finance, Dr. Cassiel Ato Forson, described the IMF Executive Board’s approval as another major milestone in Ghana’s economic recovery journey.

According to Dr. Forson, the decision represents a clear vote of confidence in government’s reform agenda and overall economic management.

“This is clear confirmation that Ghana is firmly resetting for growth, jobs, and economic transformation,” the Finance Minister stressed.

The release of the US$380 million is expected to further support Ghana’s balance of payments, strengthen investor confidence and provide fiscal space to deepen ongoing reforms under the IMF programme.

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