On Monday, July 7, 2025, in Washington, DC, the Executive Board of the International Monetary Fund (IMF) will assess Ghana’s fourth program under the current Extended Credit Facility (ECF) arrangement.
The government has reportedly fulfilled almost all requirements for the Board to meet and discuss Ghana’s economic performance, according to people familiar with the country’s IMF program.
The IMF Executive Board met the four-day minimum requirement before today’s meeting by submitting all necessary documents last week.
The Board’s evaluation comes after a staff-level agreement on the fourth program review was reached with Ghana in April 2025.
It is projected that the $370 million payout will strengthen the nation’s reserves.
Ghana’s performance under the program is expected to be approved by the IMF Board, opening the door for the distribution of about $370 million.
By Friday, July 11, 2025, the money—which is anticipated to be credited to the Bank of Ghana’s account—will raise Ghana’s total ECF receipts to over US$2.3 billion since the program’s inception in May 2023.
Ghana is expected to receive an additional US$360 million from the World Bank in addition to the IMF money, which will be used to support the government’s attempts to revive the economy.
The goals of Ghana’s three-year IMF-supported program are to achieve debt sustainability, restore macroeconomic stability, and create the framework for more robust and inclusive growth.
By 2028, lowering the nation’s debt-to-GDP ratio to 55% is one of the main goals.
- The IMF and World Bank payouts are anticipated to strengthen Ghana’s reserve position, give the cedi more stability, and aid in the nation’s continuous economic recovery.
