Ghana’s engagement with the International Monetary Fund is entering its final phase, with government expressing confidence that the country is on track to successfully complete its ongoing programme and exit on schedule after sustained policy implementation.
A staff mission from the International Monetary Fund is expected in Accra this week for the sixth and final review under Ghana’s three-year Extended Credit Facility arrangement, ahead of a planned conclusion of the programme in August 2026 following a technical extension.
The mission will assess recent macroeconomic performance, including fiscal consolidation, inflation trends, debt management, and structural reforms, while engaging key stakeholders across government, the central bank, and civil society.
Speaking to Citi Business News, Technical Advisor at the Ministry of Finance and economist, Theo Acheampong, said the outlook remains broadly positive, with Ghana having largely met programme commitments.
He noted that the final mission will essentially take stock of progress already achieved under the Extended Credit Facility.
“So there’s a mission that is planned for this week. We are now going to be undertaking the sixth and final review of the $3 billion extended credit facility that we entered into in 2023,” he said.
Dr. Acheampong added that performance under the programme has been broadly satisfactory, with key reforms and targets largely delivered.
“What is very clear from the fifth review is that we have met most of those programme targets,” he stated.
He further stressed that there is strong confidence in a positive outcome from the final assessment, pointing to progress on structural benchmarks, fiscal measures, and tax reforms.
“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.
The IMF team is expected to compile its findings after engagements in Accra and submit a report to its Executive Board in Washington, paving the way for Ghana’s programme completion, subject to final approval.
