Ghana, IMF begin 4th review mission amid economic reforms

The International Monetary Fund (IMF) has started its fourth review mission in Ghana. This is part of the Extended Credit Facility (ECF) programme for 2023–2026.

The mission runs from April 2 to April 15. It will assess Ghana’s economic performance and progress on structural reforms.

Discussions began at the Ministry of Finance and the Bank of Ghana. They focused on Ghana's fiscal performance for 2024.

Over the next two weeks, the IMF team will meet with senior officials. They will engage with the Central Bank and other stakeholders. The focus will be on key economic indicators like inflation control and monetary policy.

The mission will also evaluate Ghana’s progress in meeting IMF targets. These targets relate to fiscal discipline, economic stabilization, and debt restructuring.

The outcome of this review is important for financial support from the IMF. This support is crucial for maintaining macroeconomic stability in Ghana.

Finance Minister Dr. Cassiel Ato Forson emphasized the government's commitment to reforms. He highlighted recent tax amendment bills and public procurement reforms.

He expressed confidence that positive trends could stabilize Ghana's economy by May 2025. He stressed the importance of completing the review on time.

The IMF plans to release its final statement on April 15. This statement will outline its assessment of Ghana’s economic progress and future financial support implications.