International Monetary Fund (IMF) Executive Board Completes the Last Review of Extended Credit Facility for Ghana

This will make available to Ghana the cumulative amount of SDR132.84 million (about US$185.2 million)

Ghana is concluding its four-year ECF-supported program; Executive Board decision allows to disburse the last tranche of SDR132.84 million (about US$185.2 million) to Ghana; ECF-supported program paved the way for a significant improvement of Ghana’s macroeconomic performance, though challenges remain. On March 20, 2019, the Executive Board of the International…

IMF Staff Concludes Discussions on the Combined Seventh and Eighth Reviews of Ghana’s Extended Credit Facility Program

Ghana’s recent economic performance has been favorable despite a less supportive external environment for frontier economies

The Ghanaian authorities and the mission successfully concluded discussions, ad referendum, on economic policies to pave the way for consideration by the IMF Executive Board of the 7th and 8th reviews under the ECF-supported arrangement, which would successfully conclude the program. • Domestic revenue mobilization should remain a key priority…

Statement by International Monetary Fund (IMF) Managing Director Christine Lagarde at the Conclusion of a Visit to Ghana

Increasing revenue mobilization, preserving financial stability, improving management of the energy sector, and implementing responsible polices will help anchor investors

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today in Accra at the conclusion of her visit to Ghana "My visit to Accra has been very fruitful and informative, and I am extremely grateful for the warm hospitality of the people of Ghana.…

Looking Ahead to Chart Today’s Course: The Future of Work in sub-Saharan Africa

Opening Remarks by Christine Lagarde, Managing Director, International Monetary Fund

As Prepared for Delivery Introduction Thank you, Minister Gyan-Baffour, for that kind introduction. I would like to extend my sincere gratitude to Vice-President Bawumia and the Ghanaian government for co-hosting this conference with the IMF. Your excellency, Vice-President Bawumia, Minister Gyan-Baffour, honored guests — it is my pleasure to welcome…

Launch of the April 2018 International Monetary Fund’s (IMF) Regional Economic Outlook for Sub-Saharan Africa on Tuesday, May 8, 2018

Launch of the April’s 2018 IMF Regional Economic Outlook Report titled, Sub-Saharan Africa: Domestic Revenue Mobilization and Private Investment Where: In Ghana, Movenpick Hotel, Accra In Gabon, Ministry of Economy, Libreville When:Tuesday, May 8, 2018 at 9:45 a.m., local time in Ghana; 9:45 a.m., local time in Gabon Who: Mr.…

Peer-Learning Event on Gender Equality

Over the past two decades, Rwanda has emerged as a leader in advancing gender equality and is ranked among the top performing countries for women’s economic and political representation globally

The International Monetary Fund (IMF), the Rwanda Ministry of Gender and Family Promotion (MIGEPROF), UN Women and Uongozi Institute convened a peer learning event on gender equality in Kigali, Rwanda, November 2 to 4. The workshop aimed at: disseminating best-practices in promoting gender equality beyond the dissemination of theoretical approaches;…

IMF Executive Board Completes Fourth Review Under the ECF, Approves US$94.2 Million Disbursement and Program Extension, and Concludes 2017 Article IV Consultation with Ghana

Completion of the fourth ECF review enables the disbursement of SDR 66.42 million (about US$ 94.2 million). The program aims to restore debt sustainability and macroeconomic stability in the country to foster a return to high growth and job creation, while protecting social spending. The Executive Board also completed the…

Ghana: Staff Concluding Statement of the 2017 Article IV Consultation Mission and Discussions for the Fourth Review under the Extended Credit Facility

Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to…

IMF Staff Concludes Visit to Ghana

“Ghana’s economy continues to face challenges”

The large fiscal slippages observed last year will require strong efforts of fiscal consolidation IMF staff welcome the new government’s intention to conduct a full audit of outstanding obligations Bank of Ghana’s (BOG) monetary policy has been instrumental in mitigating inflationary pressures in 2016 A team from the International Monetary…

IMF Staff Concludes Visit to Ghana

A team from the International Monetary Fund (IMF), led by Joël Toujas-Bernaté, visited Accra from February 6-10, 2017 to take stock of the 2016 economic developments and the outlook for 2017

A team from the International Monetary Fund (IMF), led by Joël Toujas-Bernaté, visited Accra from February 6-10, 2017 to take stock of the 2016 economic developments and the outlook for 2017, engage in a dialogue about the new government’s economic plans, and discuss prospects for program engagement with the IMF.[1]…