Ghana Nears IMF Programme Exit as Final Review Begins in Accra

Ghana’s three-year programme with the International Monetary Fund is entering its final phase, with government expressing confidence the country will complete the arrangement and exit on schedule after sustained policy implementation.

An IMF staff mission is expected in Accra this week for the sixth and final review under the $3 billion Extended Credit Facility, ahead of a planned conclusion in August 2026 following a technical extension.

The mission will assess recent macroeconomic performance, including fiscal consolidation, inflation trends, debt management, and structural reforms.

The team will engage stakeholders across government, the Bank of Ghana, and civil society.

In an interview, the Technical Advisor at the Ministry of Finance and economist, Dr. Theo Acheampong, said the outlook remains broadly positive, with Ghana having largely met programme commitments.

“So there’s a mission 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,” Dr. Acheampong said on CNR.

He 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.

Dr. Acheampong expressed confidence in a positive outcome from the final assessment, citing 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, D.C., paving the way for programme completion, subject to final approval.

Source: CNR

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