Ghana’s fifth review under the International Monetary Fund (IMF) programme has entered its second week, with negotiations expected to conclude by October 10.
A successful outcome would unlock a $360 million disbursement, raising total support under the country’s $3 billion Extended Credit Facility (ECF) to $2.66 billion.
The IMF mission, led by Dr. Ruben Atoyan, has been in Accra since late September, engaging with technical teams from the Ministry of Finance and the Bank of Ghana. Discussions have focused on key areas including fiscal consolidation, debt restructuring, and monetary policy performance.
Sources close to the talks indicate that this round of the review is placing particular emphasis on domestic revenue mobilization, a crucial element of Ghana’s broader economic recovery strategy.
A favourable review is expected to bolster investor confidence, strengthen foreign exchange reserves, and support the country’s ongoing efforts to restore macroeconomic stability.