The International Monetary Fund (IMF) has announced that it will conduct a formal assessment of Ghana’s progress in meeting key economic commitments in April 2025. This review will take place as part of the fourth evaluation of the country’s Extended Credit Facility (ECF) arrangement.
The announcement follows a visit by an IMF staff team led by Stéphane Roudet, which assessed Ghana’s macroeconomic performance under the ECF programme. During the visit, the team engaged with Ghanaian authorities on the country’s recent economic developments and began discussions on policy measures that will shape the 2025 budget. The IMF indicated that these discussions will continue in the coming weeks.
In a statement, the Fund noted, “We also took stock of the authorities’ progress in meeting key commitments under the Fund-supported programme. These will be formally assessed in the context of the fourth review of the Extended Credit Facility arrangement, which is expected to be undertaken in April 2025.”
The IMF mission team held meetings with President John Mahama, Finance Minister Cassiel Ato Forson, Bank of Ghana Acting Governor Dr. Johnson Asiama, and their respective teams. They also engaged with representatives from various government agencies and other key stakeholders.
The staff team expressed gratitude to the Ghanaian authorities and stakeholders for their cooperation and constructive discussions during the visit.
Ghana has so far received approximately US$1.9 billion in disbursements under the ECF programme.
SOURCE: Joy Business
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