Ghana has successfully concluded its Extended Credit Facility (ECF) programme with the International Monetary Fund (IMF), marking what the Finance Minister, Dr. Cassiel Ato Forson, describes as a milestone in the restoration of macroeconomic stability and debt sustainability.
According to the Minister, the programme has delivered tangible results for the economy. Speaking at a media briefing in Accra, he said inflation has declined significantly, the cedi has strengthened markedly, public debt as a share of GDP has fallen sharply, and economic growth has rebounded.
Meanwhile, Ghana has entered into a Policy Coordination Instrument (PCI) arrangement with the IMF.
The PCI is a non-financing technical assistance framework designed to support countries in implementing economic reforms and signalling commitment to policies that strengthen investor confidence and unlock financing from private investors and development partners.
Dr. Ato Forson explained that unlike the ECF programme, the PCI does not provide financial bailout support. However, he said it will offer continuous policy guidance, capacity development, and help to build confidence in Ghana’s economic management.
