The International Monetary Fund’s Executive Board has approved Ghana’s Fourth Review under the Extended Credit Facility (ECF) Programme, unlocking a $370 million disbursement that signals renewed global confidence in the country’s economic recovery.
The approval, announced by Finance Minister Dr. Cassiel Ato Forson, marks the fifth tranche of funding under the ECF and reflects Ghana’s solid progress in meeting the IMF’s targets for fiscal discipline, debt sustainability, and structural reforms.
“This landmark approval validates Ghana’s unwavering commitment to fiscal discipline and strategic economic transformation, our comprehensive macroeconomic policies and carefully crafted reforms are delivering results the international community both recognizes and supports,” Dr. Forson stated.
The IMF’s decision follows a detailed review of Ghana’s performance under the program, which began as part of efforts to stabilize the economy after a period of significant fiscal challenges.
Since entering the ECF arrangement, Ghana has focused on narrowing the fiscal deficit, strengthening debt management, and implementing reforms to boost long-term resilience.
The newly approved $370 million will serve as vital budgetary support, helping the government sustain key public services while deepening its reform agenda.
According to the Finance Minister, this disbursement not only bolsters the country’s financial position but also affirms that Ghana’s economic turnaround is exceeding expectations.
“Today marks another decisive step forward in Ghana’s recovery journey,” he said, “demonstrating that our reform agenda is not just working, it’s rebuilding confidence in our nation’s financial future.”
The IMF’s endorsement arrives at a critical time, as Ghana continues to engage global markets and investors.
