IMF commends Ghana’s strong economic reforms as $360m aid boost arrives

The IMF Executive Board has concluded its second review of Ghana’s $3 billion Extended Credit Facility (ECF) arrangement, initially approved in May 2023.

This review enabled an immediate disbursement of $360 million, totaling $1.6 billion under the arrangement.

Deputy Managing Director Kenji Okamura praised Ghana's strong performance, citing improved macroeconomic stability, debt reduction, resilient growth, and declining inflation.

Ghana also made strides in structural reforms and debt restructuring, achieving a significant primary fiscal balance improvement.

The government continues to focus on fiscal consolidation, social protection, financial stability, and structural reforms to sustain economic growth and poverty reduction.