Ghana, IMF begin fourth review mission amid economic reforms

The International Monetary Fund (IMF) has commenced its fourth review mission in Ghana as part of the country’s Extended Credit Facility (ECF) programme for 2023–2026.

Running from 2nd April to 15th April, the two-week mission will assess Ghana’s economic performance and progress on structural reforms under the IMF-backed programme.

The review began with discussions at the Ministry of Finance and the Bank of Ghana, focusing on the country’s fiscal performance for 2024.

Over the next fortnight, the IMF delegation will engage with senior government officials, the Central Bank, and other stakeholders to evaluate key economic indicators, including inflation control, monetary policy, and structural reforms.

The mission will also assess Ghana’s progress in meeting IMF targets related to fiscal discipline, economic stabilisation, and debt restructuring.

The outcome of this review will determine whether Ghana qualifies for the next tranche of financial support from the IMF, which is crucial for maintaining macroeconomic stability.

Finance Minister Dr Cassiel Ato Forson underscored the government’s commitment to economic reforms, highlighting the passage of transformative tax amendment bills, public procurement reforms, and policies outlined in the 2025 budget.

He expressed confidence that, with positive macroeconomic trends, Ghana’s economy could stabilise by May 2025 and stressed the importance of concluding the review on schedule.

The IMF is expected to release its final statement on 15th April, outlining its assessment of Ghana’s economic progress and the implications for future financial support.

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