The International Monetary Fund(IMF) has indicated that it will formally assess Ghana’s progress in meeting key commitments in April 2025.
This will be in the context of the fourth review of the Extended Credit Facility arrangement.
The Fund pointed out this in a statement after a Staff team led by Stéphane Roudet concluded a visit to Ghana to assess the country’s macroeconomic performance under the ECF programme.
The mission team engaged the Ghanaian authorities on recent macroeconomic developments.
It also started discussions on the policies that will underpin the 2025 budget. The Fund said this dialogue will continue over the coming weeks.
“We also took stock of the authorities’ progress in meeting key commitments under the Fund-supported programme. 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”.
The IMF staff held meetings with President Mahama, Finance Minister Cassiel Ato Forson, and Bank of Ghana Acting Governor Dr. Johnson Asiama, and their teams, as well as representatives from various government agencies, and other key stakeholders.
The Staff team would l expressed its gratitude to the Ghanaian authorities and other stakeholders for their constructive engagement and support during this mission.
Ghana’s total disbursements under the ECF programme amounts to about US$1.9 billion.
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