Also known as: IMF · The Fund · EcoCapital Prime Fund Plc · ShEquity Climate Fund L.P.
International Monetary Fund — multilateral creditor providing Ghana's three-year US$3 billion Extended Credit Facility, which concluded in July 2026 with transition to a Policy Coordination Instrument.
Verbatim sentences from the source article.
Business & Financial Times
… The remarks come as Ghana seeks to attract new foreign direct investment following recent economic reforms and the completion of its International Monetary Fund-supported programme. …
US-Ghana trade nears US$4bn as Washington signals scope for more investmentBusiness & Financial Times
… The government is seeking to boost domestic revenue as it works to preserve macroeconomic stability following the completion of its International Monetary Fund-supported economic recovery program. …
Tax-to-GDP ratio rises to 14% as revenue reforms gain tractionJoy Online
… International Monetary Fund. (2025). …
Protector or Predator? How anti-immigrant violence is undermining South Africa’s economic recoveryJoy Online
… The US-Israel-Iran war will hit the UK the hardest of the world’s advanced economies, the International Monetary Fund (IMF) said last month. …
UK and Japan agree £18bn investment dealJoy Online
… The International Monetary Fund warned on Tuesday that the widespread insecurity from armed groups — especially in the north, where the bulk of the country’s food is grown — is a “risk to people and economic activity”. …
Nigeria killed more than 13,000 ‘terrorists’ in past year, President Tinubu saysJoy Online
… Most of the climate finance is from development partners from Western and industrialized countries, such as the Bretton Woods Institutions (World Bank & the International Monetary Fund), German Development Cooperation, Africa Development Bank, the Netherlands Development Organisa …
The path of just energy transition and climate change mitigations: Lessons for AfricaJoy Online
… Mr Skinnebach said Ghana had exceeded several targets under the International Monetary Fund-supported Extended Credit Facility programme and demonstrated remarkable resilience despite recent economic challenges. …
Mahama calls for new Ghana-EU partnership driven by trade, investment and industrialisationJoy Online
… He said that for nearly six decades, the nation’s economy had followed the same rhythms, with a few good years of growth and balance of payment squeeze and a return to the International Monetary Fund (IMF). …
Goosie Tanoh rallies diaspora Ghanaians to support 24-Hour EconomyThe Ghanaian Times
… During a debate about how private businesses are usually not interested in innovating for low-income markets, a discussion with a British official prompted the use of funds from a government trust fund to circumvent such corporate restrictions.Kenya, being one of the poorest coun …
From M-Pesa to Digital Identity: Africa’s Fintech EvolutionThe Ghanaian Times
… During a debate about how private businesses are usually not interested in innovating for low-income markets, a discussion with a British official prompted the use of funds from a government trust fund to circumvent such corporate restrictions.Kenya, being one of the poorest coun …
From M-Pesa to Digital Identity: Africa’s Fintech EvolutionThe IMF approved Ghana's final US$371 million disbursement under its Extended Credit Facility after acknowledging corrective measures by the Bank of Ghana to end temporary government financing that had breached lending limits. The BoG reaffirmed its commitment to zero monetary financing of government budgets to safeguard price stability and protect the cedi.
14 hours ago · Joy Online →
The IMF approved Ghana's final US$371 million disbursement under its Extended Credit Facility after acknowledging corrective measures by the Bank of Ghana to end temporary government financing that had breached lending limits. The BoG reaffirmed its commitment to zero monetary financing of government budgets to safeguard price stability and protect the cedi.
14 hours ago · Joy Online →
PwC urges Chief Executive Officers and Boards to closely track monthly inflation (especially food and imported components), Treasury bill and bank lending rates, and government capital expenditure execution, citing global uncertainty from the Middle East conflict and its potential impact on commodity and financial markets. The firm notes Ghana's second-half outlook is increasingly exposed to global energy and geopolitical cycles, with the IMF projecting global growth of 3% and inflation of 4.7% in 2026, while a prolonged Middle East conflict could raise fuel, freight, and food production costs.
22 hours ago · Joy Online →
Deloitte Ghana says the 2026 Mid-Year Budget Review shows the economy has made remarkable progress with strong growth, controlled inflation, and eased debt servicing pressures, but warns that success depends on maintaining fiscal discipline as Ghana transitions from IMF financing to a policy-monitoring framework and faces electoral-cycle fiscal pressures.
29 July 2026 · Joy Online →
The IMF has approved the final review of Ghana's three-year Extended Credit Facility programme, unlocking a final disbursement of $371 million and bringing total receipts to $3 billion. Ghana will now transition to a 36-month Policy Coordination Instrument with the IMF to support ongoing economic reforms without providing new financing.
28 July 2026 · The Ghanaian Times →
Sagnarigu MP Atta Issah defended Finance Minister Dr. Cassiel Ato Forson against Minority claims of insufficient revenue mobilisation, citing 2025 budget figures showing a shortfall of GH¢3.46 billion against a budgeted GH¢229.95 billion, and comparing this favourably to NPP-era shortfalls of GH¢3.71 billion (2017), GH¢2.59 billion (2018), and GH¢4.34 billion (2019).
28 July 2026 · Joy Online →
Secondary-market activity strengthened markedly, with turnover increasing 177.86% week-on-week to GH¢5.01 billion, driven mainly by 2027-2030 maturities (58.93% of trades). Databank Research expects momentum to continue supported by month-end rebalancing, an anticipated IMF disbursement of US$318 million, and the Mid-Year Budget's GH¢30 billion sinking-fund commitment.
28 July 2026 · Joy Online →
The IMF Executive Board has approved the sixth and final review of Ghana's US$3 billion Extended Credit Facility programme, unlocking a final disbursement of approximately US$371 million and concluding the three-year bailout launched in May 2023. Ghana will transition to a new 36-month Policy Coordination Instrument (PCI) that does not provide financing but is designed to sustain reforms and strengthen investor confidence, with the IMF stressing that the end of the bailout does not mark the end of reforms.
28 July 2026 · Joy Online →
Former Sekondi MP Andrew Egyapa Mercer has argued that the Akufo-Addo administration laid the foundation for Ghana's successful completion of the IMF Extended Credit Facility programme, while acknowledging the current Finance Minister's role in guiding the final phase to completion. He attributes Ghana's earlier recovery efforts to government reforms that restored growth and reduced inflation, though pandemic responses and subsequent global shocks including the Russia-Ukraine war pushed inflation to 54.1 per cent in 2022 and necessitated a US$3 billion IMF programme.
28 July 2026 · Joy Online →
The IMF Executive Board has approved the final review of Ghana's three-year US$3 billion Extended Credit Facility programme, unlocking a final disbursement of approximately US$371 million and bringing total disbursements to the full US$3 billion. The Ministry of Finance described the completion as a major milestone in Ghana's economic recovery, reflecting progress in restoring macroeconomic stability through fiscal discipline and structural reforms.
28 July 2026 · The Chronicle →
Dr Gideon Boako, Deputy Ranking Member on Parliament's Finance Committee, argues that the government is misrepresenting Ghana's economic turnaround by claiming it results solely from the current administration's management, when the IMF attributes it to a combination of programme implementation, debt restructuring, fiscal consolidation, structural reforms, and favourable external conditions.
28 July 2026 · The Chronicle →
Ghana's government has pledged to eliminate the double-track secondary education system within 24 months, supported by a $300 million World Bank facility for infrastructure expansion. The initiative includes GH¢3.4 billion allocated through GETFund in 2026 for student feeding under the Free SHS programme, alongside reforms to strengthen teacher professionalism and curriculum review.
28 July 2026 · Joy Online →
The IMF has described Ghana's performance under its Economic Credit Facility programme as broadly satisfactory, noting that sustained reform efforts and favourable commodity prices have delivered macroeconomic stabilisation and debt sustainability gains, with inflation falling sharply, international reserves rebuilt beyond targets, and the primary fiscal balance swinging to a surplus.
27 July 2026 · Joy Online →
The IMF Executive Board has completed the sixth and final review of Ghana's US$3 billion, 39-month Economic Credit Facility arrangement and approved a disbursement of US$371 million. The Board also reviewed a new 36-month Policy Coordination Instrument and granted a waiver for a temporary breach of the ceiling on Bank of Ghana claims on central government and public entities under the domestic gold purchase programme.
27 July 2026 · Joy Online →
Ghana's three-year Extended Credit Facility programme with the IMF has been completed after the Fund's Executive Board approved the country's final review. The approval is expected to trigger the disbursement of more than US$300 million to Ghana and a new Policy Coordination Instrument, marking the end of the arrangement begun in 2023.
27 July 2026 · Joy Online →
The IMF Executive Board is expected to approve Ghana's sixth and final Extended Credit Facility review, unlocking a final disbursement of about US$318 million, and to greenlight a 36-month Policy Coordination Instrument to guide economic reforms after the bailout programme concludes. The PCI, a non-financing arrangement, will offer closer policy engagement with the IMF and signal Ghana's commitment to reforms.
27 July 2026 · Joy Online →
Tano North MP Dr Gideon Boako rejects Finance Minister Dr Cassiel Ato Forson's claim that Ghana's recent economic gains result solely from superior economic management, arguing the recovery has largely been driven by the IMF-supported programme and reforms from the previous administration. Boako contends the government deserves credit for maintaining inherited policies, but economic improvements stem from multiple causes—including fiscal consolidation, expenditure rationalisation, and monetary policy tightening—not just current government policies.
25 July 2026 · Joy Online →
Eight months into Ghana's 2026 Budget reset, the cedi has remained broadly stable and the domestic bond market has reopened after a three-year absence, though observers note that sustaining discipline beyond the IMF programme and translating headline gains into better jobs and living standards remain key tests.
24 July 2026 · Daily Guide →
Finance Minister Dr Cassiel Ato Forson says Ghana will proceed cautiously on international borrowing despite strengthened macroeconomic fundamentals and renewed investor interest, prioritizing debt sustainability. Ghana's debt-to-GDP ratio has fallen to 45 per cent, meeting the statutory target ahead of schedule, and the World Bank-IMF has upgraded the country's debt outlook from unsustainable to sustainable.
24 July 2026 · The Ghanaian Times →
Ghana is moving from the IMF's Extended Credit Facility Programme to a 36-month Policy Coordination Instrument designed for countries without balance of payments needs, intended to consolidate macroeconomic gains and anchor the next phase of economic reforms through six key priorities including fiscal consolidation, debt sustainability, and financial sector stability.
24 July 2026 · Joy Online →
President Mahama held a bilateral meeting with Burundian President Évariste Ndayishimiye at the Presidency in Accra on the sidelines of the African Union Extraordinary Health Summit. The meeting aimed to strengthen ties between the two nations and Mahama discussed collaboration on peace, security, and Ghana's economic stabilisation efforts.
24 July 2026 · Joy Online →
Finance Minister Dr Cassiel Ato Forson has warned that the government will not abandon fiscal discipline for political convenience, insisting Ghana cannot afford to return to the economic crisis that forced painful debt restructuring. He defended the government's cautious spending as necessary to secure Ghana's successful exit from the IMF programme, noting that the fiscal targets were inherited from the previous administration's IMF agreement.
24 July 2026 · Joy Online →
Finance Minister Dr Cassiel Ato Forson has defended the government's restrained spending approach, warning that abandoning fiscal discipline would plunge Ghana back into economic turmoil. He stressed that Ghana remains bound by IMF programme commitments made by the previous administration, including a 1.5% of GDP fiscal target.
23 July 2026 · Joy Online →
Finance Minister Ato Forson says Ghana is firmly on course to exit the IMF programme after outperforming key fiscal targets agreed under the country's $3 billion bailout. He stressed that the fiscal commitments were binding obligations made by the previous government, which the current administration must honour.
23 July 2026 · Joy Online →
Finance Minister Dr Cassiel Ato Forson says the Mahama administration's restrained spending fulfils binding commitments made by the previous NPP government under Ghana's $3 billion IMF programme, which cannot be ignored simply because a new government is in office.
23 July 2026 · Joy Online →
Minority Leader Alexander Afenyo-Markin has criticized the government's economic management and the Finance Minister's 2026 Mid-Year Budget Review, questioning spending priorities and the lack of meaningful relief for citizens. He raised concerns about inconsistencies in fund releases and alleged neglect of the cocoa sector.
23 July 2026 · Joy Online →
Finance Minister Dr Cassiel Ato Forson attributed his cautious government spending approach to the previous administration's $3 billion IMF bailout agreement, which obligated Ghana to maintain a 1.5% of GDP primary surplus. He reported that the government had achieved a 0.9% primary surplus by mid-year, positioning it to meet the IMF target by year-end.
23 July 2026 · Joy Online →
Economist Prof. Gofred Bokpin has described the government's commitment to maintaining its fiscal consolidation strategy through 2026 as reassuring, citing stability for businesses and investors and no major revisions to macroeconomic targets. He notes the government's reaffirmation of a 1.5% GDP primary fiscal surplus target demonstrates commitment to macroeconomic stability.
23 July 2026 · Joy Online →
Minority Leader Alexander Afenyo-Markin has accused the government of targeting opposition figures and critics, citing the cases of former Ashanti Regional Chairman Bernard Antwi Boasiako and jailed TikToker Kamila Al-Hassan as examples of political persecution.
23 July 2026 · Joy Online →
The Minority Leader Alexander Afenyo-Markin has predicted that the NDC government will return to opposition in 2028, criticising its economic management and arguing that citizens will judge the administration based on their lived experiences rather than the Finance Minister's economic presentation.
23 July 2026 · Joy Online →
Minority Leader Alexander Afenyo-Markin has criticised the 2026 Mid-Year Budget Review as "uninspiring" and lacking concrete policy interventions, taking issue with the Finance Minister's comments about government spending and funding to ministries.
23 July 2026 · Joy Online →