The International Monetary Fund (IMF) and the Government of Ghana have reached a staff-level agreement on the fourth review of Ghana’s three-year Extended Credit Facility (ECF)-supported program.
The agreement, once approved by the IMF Executive Board, will grant Ghana access to approximately US$370 million in financial support.
The announcement follows a mission led by Mr. Stéphane Roudet, IMF Mission Chief for Ghana, which took place in Accra from April 2 to April 15, 2025. The IMF is providing support under a 36-month ECF arrangement, initially approved in May 2023 for a total amount of SDR 2.242 billion (approximately US$3 billion).
At the conclusion of the mission, Mr. Roudet issued a statement highlighting both the recent achievements and ongoing challenges within Ghana’s economic landscape.
Mr. Roudet acknowledged that Ghana’s economy grew more than anticipated in 2024, driven largely by robust performance in the mining and construction sectors.
He also noted a significant improvement in the country’s external position, thanks to strong export performance—particularly in gold—and increased remittances.
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