Ghana has achieved a significant milestone in its economic recovery as the International Monetary Fund (IMF) Executive Board approved the Fifth Review of the country’s performance under its three-year Extended Credit Facility (ECF) programme.
The approval, announced by Finance Minister Dr. Cassiel Ato Forson on Wednesday, December 17, opens the way for a disbursement of about US$380 million, bringing total IMF support under the programme to US$2.8 billion.
Dr. Forson highlighted that the Board commended Ghana for strong programme performance, noting progress in debt restructuring, disciplined fiscal and monetary policy implementation, and steady advances in governance reforms.
“This is clear confirmation that Ghana is firmly resetting for growth, jobs, and economic transformation,” the Finance Minister said in a Facebook post.
The IMF’s approval signals continued international confidence in Ghana’s economic policies and is expected to provide further support for the government’s efforts to stabilize the economy, attract investment, and create employment opportunities.
