Ghana, IMF begin 4th review mission amid economic reforms

The International Monetary Fund (IMF) has commenced its fourth review mission in Ghana as part of the country’s Extended Credit Facility (ECF) programme for 2023–2026.
Running from 2 April to 15 April, the two-week mission will assess Ghana’s economic performance and progress on structural reforms under the IMF-backed programme.
The review began with discussions at the Ministry of Finance and the Bank of Ghana, focusing on the country’s fiscal performance for 2024.
Over the next fortnight, the IMF delegation will engage with senior government officials, the Central Bank, and other stakeholders to evaluate key economic indicators, including inflation control, monetary policy, and structural reforms.
The mission will also assess Ghana’s progress in meeting IMF targets related to fiscal discipline, economic stabilisation, and debt restructuring.
The outcome of this review will determine whether Ghana qualifies for the next tranche of financial support from the IMF, which is crucial for maintaining macroeconomic stability.
Finance Minister Dr Cassiel Ato Forson underscored the government’s commitment to economic reforms, highlighting the passage of transformative tax amendment bills, public procurement reforms, and policies outlined in the 2025 Budget.
He expressed confidence that, with positive macroeconomic trends, Ghana’s economy could stabilise by May 2025 and stressed the importance of concluding the review on schedule.
The IMF is expected to release its final statement on 15 April, outlining its assessment of Ghana’s economic progress and the implications for future financial support.
Source: classfmonline.com
Trending News
Yaa-Naa intervenes in Tamale Teaching Hospital doctors’ strike
13:51CDM warns Ghana risks international breach over CJ's suspension
08:41ECOWAS launches 50th anniversary celebrations with call for unity and economic resilience
11:58NPA boss warns NDC members against illegal mining
04:14Bawumia bears cost of NPP’s ‘Thank You Tour’
12:04Police refute claim of detention of 4 officers over arrest of judge for traffic offence
05:35Rotational nurses and midwives cry out over 11 months of unpaid allowances
11:32Ayikoi Otoo questions credibility of Mahama’s 120-day social contract
03:47Ghana keeps losing money because offenders are not prosecuted – James Avedzi
13:58W/R: Police arrest suspect for stealing vehicle belonging to EPA in Tarkwa
04:21