The International Monetary Fund (IMF) staff mission is expected in Accra at the end of September to conduct the 5th review of Ghana’s three-year Extended Credit Facility (ECF) programme.
The review, considered penultimate before the programme ends in May 2026, follows the successful completion of the 4th review earlier this year.
A positive outcome will unlock about US$360 million in October, bringing total disbursements to GH¢2.3 billion.
The final review is scheduled for April 2026.
Analysts say the exercise will be critical for sustaining investor confidence, stressing the need for Ghana to maintain fiscal discipline once it exits IMF supervision.
Development partners have also urged government to build stronger “shock absorbers” to preserve macroeconomic stability in the post-IMF period.
According to information available, the mission will scrutinise Ghana’s economic data up to June 2025, focusing on:
Inflation trends and reserve build-up, arrears audits and revenue mobilization, recapitalisation of weak banks, including state-owned ones and social spending commitments
Government’s ability to meet the 1.5% of GDP primary surplus target
Ghana entered the programme in May 2023, when the IMF approved a 36-month, US$3 billion ECF.
Funds have since been released in tranches tied to each review.
The programme aims to restore fiscal stability, strengthen domestic revenue, expand social protection, and implement structural reforms in areas such as tax administration, energy, and cocoa.
Source: Myxyzonline.com
