The International Monetary Fund (IMF) Executive Board has approved Ghana’s fourth review under the Extended Credit Facility (ECF) Programme, unlocking a substantial $370 million disbursement to support Ghana’s ongoing economic recovery efforts.
This approval announced by the Minister of Finance, Dr Cassiel Ato Forson reflects the IMF’s endorsement of Ghana’s firm commitment to fiscal discipline, macroeconomic stability, and long-term structural reforms.
The disbursement is part of a broader $3 billion bailout package aimed at helping Ghana stabilize its economy, reduce debt vulnerabilities, and restore investor confidence.
Government officials have welcomed the move, describing it as a “landmark” moment in Ghana’s economic transformation journey
In a statement posted on the official Facebook page of the Ministry of Finance, the government described the approval as a strong endorsement of Ghana’s reform agenda.
“This approval validates Ghana’s unwavering commitment to fiscal discipline and strategic economic transformation,” a government statement read. “Our comprehensive macroeconomic policies and carefully crafted structural reforms are delivering real results that the international community recognizes and supports.” Government statement on Facebook says
The IMF’s decision also comes on the heels of improving economic indicators, including declining inflation and a projected rebound in key sectors like agriculture, mining, and manufacturing.
Analysts say the fourth review’s successful completion sends a strong signal to global investors and development partners that Ghana is on the path to recovery. It also reinforces confidence in the government’s reform agenda, which has been described as ambitious but effective.
‘Today’s development marks another decisive step in Ghana’s journey toward economic resilience, with stakeholders hopeful that the momentum will be sustained in the coming months’ part of the statement said.
