The International Monetary Fund (IMF) is set to assess Ghana’s progress under the Extended Credit Facility (ECF) program in April.The review will determine the country’s compliance with key economic commitments and influence future financial support.

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A mission from the International Monetary Fund (IMF), led by Stéphane Roudet, visited Ghana from February 10-14 to hold discussions with government officials and key stakeholders regarding the country’s economic strategy.

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Following the visit, Mr. Roudet stated that the team assessed Ghana’s progress in fulfilling essential requirements under the IMF-backed initiative.

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He also mentioned that these obligations will undergo an official evaluation during the fourth review of the Extended Credit Facility framework, planned for April 2025.

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“The mission team engaged the Ghanaian authorities on recent macroeconomic developments. It also started discussions on the policies that will underpin the 2025 budget. This dialogue is set to continue over the coming weeks.

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“We also took stock of the authorities’ progress in meeting key commitments under the Fund-supported program. 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.”

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The IMF acknowledged Ghanaian authorities and stakeholders for their meaningful collaboration and unwavering support during the mission.

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“IMF staff held meetings with H.E. President Mahama, Finance Minister Forson, and Bank of Ghana Acting Governor Asiama, and their teams, as well as representatives from various government agencies, and other key stakeholders. Staff would like to express their gratitude to the Ghanaian authorities and other stakeholders for their constructive engagement and support during this mission.”

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