International Monetary Fund (IMF) Reaches Staff-Level Agreement on the Second Review of the Extended Credit Facility with Ghana

Ghana will have access to about US$360 million in financing once the review is approved by IMF Management and formally completed by the IMF Executive Board

IMF staff and the Ghanaian authorities have reached staff-level agreement on economic policies and reforms to conclude the second review of the 36-month ECF-supported program. Ghana will have access to about US$360 million in financing once the review is approved by IMF Management and formally completed by the IMF Executive…

International Monetary Fund (IMF) Reaches Staff-Level Agreement on the First Review of the Extended Credit Facility and Conducts Discussions of the 2023 Article IV Consultation with Ghana

The arrangement was approved by the IMF Executive Board for a total amount of SDR 2.242 billion (US$ 3 billion) on May 17, 2023

IMF staff and the Ghanaian authorities have reached staff-level agreement on economic policies and reforms to conclude the first review of the 36-month ECF-supported program. Performance with respect to the program’s targets and reform objectives has been very strong; Ghana will have access to about US$600 million in financing once the…

International Monetary Fund (IMF) Staff Concludes Visit to Ghana

The discussions focused on recent economic developments and implementation of the Fund-supported program

International Monetary Fund (IMF) staff team led by Stéphane Roudet visited Ghana during June 8-15 as part of its regular engagement with the Ghanaian authorities and other stakeholders. The discussions focused on recent economic developments and implementation of the Fund-supported program approved on May 17, 2023. At the conclusion of…

International Monetary Fund (IMF) Staff to Visit Ghana

The IMF remains fully committed to help Ghana restore macroeconomic stability

An International Monetary Fund (IMF) staff team, led by Stéphane Roudet, mission chief for Ghana, will visit Accra from December 1–13 to continue discussions with the authorities on the country’s post-COVID program for economic growth and associated policies and reforms that could be supported by a new IMF lending arrangement.…

International Monetary Fund (IMF) Staff to Visit Ghana

IMF staff will further engage with other stakeholders during the visit

An International Monetary Fund (IMF) staff team, led by Stéphane Roudet, Mission Chief for Ghana, will visit Accra from September 26 – October 7 to continue discussions with the Ghanaian authorities on policies and reforms that could be supported by an IMF lending arrangement. IMF staff will also further engage…

IMF Staff Concludes Visit to Ghana

The IMF team met with H.E. Vice President Bawumia, Finance Minister Ofori-Atta, and Governor Addison of the Bank of Ghana

An International Monetary Fund (IMF) staff team led by Carlo Sdralevich visited Accra during July 6-13, 2022, to assess the current economic situation and discuss the broad lines of the government’s Enhanced Domestic Program that could be supported by an IMF lending arrangement. The IMF team met with H.E. Vice…

International Monetary Fund (IMF) Staff to Visit Ghana

An IMF staff team will in the coming days kick-start discussions on a possible program to support Ghana’s homegrown economic policies

An International Monetary Fund (IMF) staff team, led by Carlo Sdralevich, mission chief for Ghana, will visit Accra from July 6 – 13 to begin initial discussions with the Ghanaian authorities about a possible IMF-supported program. Mr. Sdralevich issued the following statement at the start of the visit: “On the…

Coronavirus – Ghana: International Monetary Fund (IMF) Executive Board approves a US$1 billion disbursement to Ghana to address the COVID-19 Pandemic

The COVID-19 pandemic is already impacting Ghana severely

On April 13, 2020, the IMF Executive Board approved the disbursement of US$1 billion to be drawn under the Rapid Credit Facility; The COVID-19 pandemic is already impacting Ghana severely. Growth is slowing down, financial conditions have tightened, and the exchange rate is under pressure; The authorities have timely and…

Ghana Requests Rapid Credit Facility Disbursement to Help Fight the Coronavirus

IMF’s African Department director Abebe Aemro Selassie today made the following statement: “Last week, the IMF received Ghana’s request for a disbursement under the Rapid Credit Facility to help the country address the economic impact of the COVID-19 pandemic. We are working hard to evaluate the authorities’ request and bring…

International Monetary Fund (IMF) Staff Concludes 2019 Article IV Consultation Mission to Ghana

Ghana’s macroeconomic outlook remains favorable, supported by strong activity in the extractive industry and a safer banking system

The macroeconomic outlook remains favorable, supported by overall prudent economic policies, strong extractive industry activity, and a safer banking system; Maintaining fiscal discipline in the run-up to the 2020 elections will be critical to safeguard the macroeconomic gains achieved since 2017; Tightening monetary policy may become necessary should price or…