The International Monetary Fund (IMF), has indicated that the remaining $2.4 billion bailout package for Ghana will be disbursed in installments every six months following program evaluations.

In September 2023, a team from the IMF will visit Ghana, with an expected allocation of $600 million to assist with the country's balance of payments.

During a Question and Answer session at a recent IMF event, Julie Kozack, the Director of the IMF Communication Department, confirmed that the formal first review mission is scheduled for September 2023.

Kozack reiterated that the objectives of the IMF program for Ghana encompass three main goals: restoring macroeconomic stability, ensuring debt sustainability, and establishing the groundwork for higher and more inclusive economic growth.

The program also incorporates comprehensive reforms aimed at enhancing resilience while safeguarding the most vulnerable segments of the population.

Regarding the next steps for debt restructuring, Madam Kozack stated that it is the responsibility of the official creditor committee to reach an agreement with the Ghanaian government on the specific modalities of debt relief. Furthermore, she emphasized the importance of the authorities' continued engagement with external private creditors to seek relief for their external debt.

She further mentioned that the government is in the final stages of restructuring its domestic debt. In June 2023, a staff team conducted a routine technical program engagement visit to Accra from June 8th to 15th. The formal first review mission is scheduled to occur in the coming fall.

Ghana obtained an IMF program in May 2025, followed by the initial disbursement of $600 million as the first installment of the Extended Credit Facility (ECF) program.