International Monetary Fund (IMF)

The International Monetary Fund (IMF) Executive Board is scheduled to consider Ghana’s Fourth Review under the US$3 billion Extended Credit Facility (ECF) programme in early July 2025.

A potential disbursement of US$360 million is expected, pending approval.

The announcement was made by IMF Director of Communications, Julie Kozack, on Thursday, June 12, 2025.

If approved, the forthcoming disbursement will bring Ghana’s total receipts under the ECF arrangement to approximately US$2.355 billion since the programme’s inception in May 2023.

The IMF commended the Ghanaian government for its recent efforts to restore macroeconomic stability.

These measures include tightening monetary policy, adjusting electricity tariffs, and implementing reforms in public financial management.

“The new authorities have taken bold measures to address policy and reform slippages and ensure the achievement of programme objectives,” Kozack noted.

The anticipated approval and disbursement are expected to boost investor confidence and support Ghana’s ongoing efforts to stabilize the economy and achieve long-term debt sustainability under the IMF-supported programme.

SP/MA

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