Ghana has secured fresh financial backing from the International Monetary Fund after the IMF Executive Board approved the Fifth Review of the country’s performance under its three-year Extended Credit Facility programme, the Minister for Finance, Cassiel Ato Forson, has announced.
The approval clears the way for the disbursement of about US$380 million, raising total IMF financial support to Ghana under the programme to approximately US$2.8 billion. The latest tranche is expected to bolster government financing as authorities continue efforts to stabilise the economy and sustain recovery.
In a post announcing the decision, Dr. Forson described the development as a major milestone in Ghana’s economic turnaround, underscoring growing international confidence in the country’s reform agenda.
According to the Finance Minister, the IMF Executive Board commended Ghana for strong programme performance, pointing to notable progress in debt restructuring, disciplined implementation of fiscal and monetary policies, and steady advances in governance reforms.
“This is clear confirmation that Ghana is firmly resetting for growth, jobs, and economic transformation,” Dr. Forson stated.
The Fifth Review forms part of Ghana’s IMF-supported programme aimed at restoring macroeconomic stability after years of fiscal stress, rising debt levels and currency pressures.
The programme has focused on revenue mobilisation, expenditure control, debt sustainability and structural reforms to improve public financial management.
