The International Monetary Fund (IMF) has commenced its fourth review mission in Ghana as part of the country’s Extended Credit Facility (ECF) program for 2023–2026.
Running from April 2 to April 15, the two-week mission will assess Ghana’s economic performance and progress on structural reforms under the IMF-backed program.
The review began with key discussions at the Ministry of Finance and the Bank of Ghana, focusing on Ghana’s fiscal performance in 2024.
Over the coming days, the IMF delegation will engage with senior government officials, Central Bank executives, and key stakeholders to assess critical economic indicators, including inflation control, monetary policy, and structural reforms.
The review will also evaluate Ghana’s progress in meeting IMF targets related to fiscal discipline, economic stabilization, and debt restructuring.
The outcome of this mission will determine whether Ghana qualifies for the next tranche of IMF financial support, essential for maintaining macroeconomic stability and investor confidence.
Finance Minister, Dr. Cassiel Ato Forson, highlighted key measures, including the passage of transformative tax amendment bills, significant reforms in public procurement, and other policies outlined in the 2025 Budget as proof of the administration’s commitment to building a resilient and dynamic economy.
Dr. Forson expressed confidence that, with macroeconomic indicators trending positively, Ghana’s economy could stabilize by May 2025. He also stressed the importance of concluding the review on schedule.
Additional meetings and technical discussions are planned over the next two weeks, culminating in a final statement from the IMF on April 15.