IMF Review of Ghana’s Economic Progress

- The IMF’s fourth review mission in Ghana runs from April 2–15, 2025
- The mission will assess Ghana’s fiscal performance, inflation, monetary policy, and structural reforms
- The review will decide if Ghana qualifies for the next IMF financial tranche
The International Monetary Fund (IMF) has commenced its fourth review mission in Ghana as part of the country’s Extended Credit Facility (ECF) program for 2023–2026. The two-week mission, running from April 2 to April 15, will evaluate Ghana’s economic performance and progress on structural reforms under the IMF-backed program.
The review began with discussions at the Ministry of Finance and the Bank of Ghana, focusing on the fiscal performance for 2024. Over the next two weeks, the IMF team will engage with senior government officials, the Central Bank, and other stakeholders to assess key economic indicators such as inflation control, monetary policy, and structural reforms. The mission will also evaluate Ghana’s progress in meeting IMF targets related to fiscal discipline, economic stabilization, and debt restructuring.
The outcome of the review will determine whether Ghana qualifies for the next tranche of financial support from the IMF, which is crucial for maintaining macroeconomic stability.
Finance Minister Dr. Cassiel Ato Forson highlighted the government’s commitment to economic reforms, citing recent tax amendment bills, public procurement reforms, and policies in the 2025 Budget. He expressed confidence that, with positive macroeconomic trends, Ghana’s economy could stabilize by May 2025, and emphasized the importance of completing the review on schedule. The IMF’s final statement is expected on April 15.