Ghana has begun its fourth review under the International Monetary Fund’s (IMF) Extended Credit Facility (ECF) programme, marking another crucial step in the country’s economic recovery efforts.

The review, which runs from 2 April to 15 April, will evaluate Ghana’s progress in meeting key fiscal and monetary targets set under the agreement.

The IMF team commenced discussions with officials from the Ministry of Finance and the Bank of Ghana, focusing on the nation’s financial health and economic outlook for 2024. The assessment will examine Ghana’s fiscal discipline, debt management strategies, and structural reforms aimed at stabilising the economy.

Throughout the two-week period, IMF representatives will engage with policymakers, financial regulators, and other stakeholders to assess macroeconomic performance, including inflation trends, monetary policy effectiveness, and public sector expenditure controls.

A critical aspect of the review will be Ghana’s ability to meet IMF benchmarks related to economic stability and debt sustainability. The outcome will determine the disbursement of the next tranche of financial support, which is essential to the country’s ongoing economic restructuring efforts.

Government officials remain optimistic about Ghana’s ability to meet its commitments under the programme, citing ongoing policy adjustments and fiscal reforms as key drivers of economic stability.

The IMF’s final assessment, expected on 15 April, will outline Ghana’s progress and the next steps in its financial support programme.