Ghana is entering the final stretch of its engagement with the International Monetary Fund (IMF), with government officials optimistic that the country will successfully complete the programme and exit on schedule after years of economic reforms and fiscal adjustments.
This week, an IMF staff mission is expected in Accra to begin the sixth and final review of Ghana’s $3 billion Extended Credit Facility (ECF) programme. The three-year arrangement, which began in 2023, is now nearing completion ahead of its scheduled conclusion in August 2026 following a technical extension.
The visiting IMF team will assess Ghana’s recent macroeconomic performance, including progress in fiscal consolidation, inflation control, debt management, and ongoing structural reforms. The delegation is also expected to engage officials from the Ministry of Finance, the Bank of Ghana, and other stakeholders during the review process.
Speaking to Citi Business News, Technical Advisor at the Ministry of Finance and economist, Dr. Theo Acheampong, expressed confidence in Ghana’s performance under the programme, stating that most of the agreed targets have already been achieved.
According to him, the final review is expected to focus largely on evaluating the progress made so far under the IMF-supported reforms.
“There’s a mission planned for this week, and we are now undertaking the sixth and final review of the $3 billion Extended Credit Facility that Ghana entered into in 2023,” he said.
Dr. Acheampong noted that the country’s performance during the fifth review showed strong compliance with programme requirements.
“What is very clear from the fifth review is that we have met most of those programme targets,” he stated.
He further highlighted improvements in structural reforms, fiscal measures, and tax-related policies as indicators that Ghana remains firmly on course for a successful completion of the programme.
“We are looking forward to a very positive outcome in terms of the Fund’s final review in Ghana and the conclusion of the programme,” he added.
Following the meetings in Accra, the IMF mission is expected to prepare a report for consideration by the Fund’s Executive Board in Washington. Approval of the report would formally pave the way for Ghana to conclude the programme successfully later this year.
