Executive Board
Board Discussions
on Ghana:

September 28, 2016
January 13, 2016
August 31, 2015
April 3, 2015
May 7, 2014

Article IV Staff Reports

Financial Sector Assessment Program

Projected % Change
   2016  2017
Real GDP 3.3 7.4
Consumer Prices 17 10
Source: World Economic Outlook (October 2016)
Please refer to more recent Press Release/Staff reports on this country for possible revisions.

Ghana: Financial Position in the Fund

Transactions with the Fund

Finance Ministry
Ministry of Finance

Africa Training Institute

Resident Representative Office in Ghana

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Ghana and the IMF
Updated October 8, 2016

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IMF Survey Online
February 24, 2016 -- IMF Survey : African Policymakers Tackle Data Challenges
Comparable, high quality, and timely data are critical to support sound policymaking and foster economic growth in the region, conference participants hear.
January 21, 2016 -- IMF Survey : Ghana: The Bumpy Road to Economic Recovery
The IMF has approved a third disbursement of $114.6 million to help tackle Ghana’s economic recovery. The IMF mission chief for Ghana discusses the economic challenges and what it would take to get the country back on track.
January 20, 2016 -- Podcast : Ghana, the Bumpy Road to Recovery
Ghana is considered one of West Africa’s most stable democracies, and until recently it was a model for economic growth. But since 2012, the economy has taken a turn for the worse, and Ghana is now getting help from the IMF. In this podcast, IMF Mission Chief, Joël Toujas-Bernaté talks about the country’s economic challenges.
October 20, 2015 -- IMF Survey : Commodity Price Drop Puts Pressure on Monetary Policy in Low-Income Countries
While much attention has been paid to monetary policy reforms in advanced economies, problems facing low- and lower-middle income countries seeking to stabilize their economies remain largely under researched, seminar participants heard.
September 10, 2015 -- Podcast : Sub-Saharan Africa Getting a Grip on Inflation
Inflation can determine a currency’s purchasing power as high inflation means rising prices. But what drives inflation differs from region to region. In this podcast we talk with Oral Williams, IMF Mission Chief for Malawi and coauthor of a new research paper that shows the drivers of inflation are changing in sub-Saharan Africa.
April 03, 2015 -- IMF Survey : Ghana Gets $918 Million IMF Loan to Back Growth, Jobs Plan
The IMF Executive Board approves a $918 million loan to Ghana to support a reform program aimed at faster growth and job creation while protecting social spending. The three-year financing package backs a plan that was agreed in principle by an IMF staff team in February.
February 26, 2015 -- IMF Survey : IMF Readies Loan for Ghana to Support Reform Plan
An IMF staff team in Ghana reaches agreement with the government on a new economic reform program that would be supported by an IMF loan of about $940 million. The loan would back a program aimed at boosting economic growth and tightening fiscal discipline.
May 13, 2014 -- IMF Survey : High Twin Deficits Pose Risks to Ghana’s Growth Outlook
Having been the fastest-growing economy in sub-Saharan Africa in 2011, Ghana is heading for a third successive year of slower growth as large current account and budget deficits expose the economy to risks, the IMF says in its regular review.
March 25, 2014 -- IMF Survey : IMF Opens Second West Africa Center to Build Capacity in Region
With the aim of scaling up its support for capacity development in West Africa, the IMF opens a new regional technical assistance center in Accra, Ghana, the fifth such center in Africa and the ninth worldwide.
October 31, 2013 -- IMF Survey : New Financing Could Test West Africa’s Regulation, Supervision
As West Africa seeks to mobilize new sources of financing, particularly for infrastructure, policymakers will have to address a host of cross-border regulatory and supervisory issues, a Ghana conference hears.
October 22, 2013 -- IMF Survey : Conference to Explore West African Regional Financial Integration
Cross-border financial integration will be the centerpiece of a conference of West African policymakers and financial sector leaders to be held October 28 in Accra, Ghana.
June 28, 2013 -- IMF Survey : Ghana’s Advance to Middle-income Status Requires Firm Policies
Ghana is attracting significant foreign direct investment, but continued success will depend on strong political will to confront the country’s short-term vulnerabilities decisively, the IMF says.
February 28, 2012 -- IMF Survey: IMF Promotes Better Economic Data in Africa
The IMF is helping a group of sub-Saharan African countries produce and disseminate higher-frequency data on economic growth.
February 17, 2010 -- IMF Survey: Oil Offers Hope of Middle-Income Status for Ghana
In the next few years Ghana will become an oil producer. If the country uses its new-found oil wealth wisely, it could achieve middle-income status within 10 years, IMF projections show. IMF mission chief for Ghana Peter Allum talks in an interview about Ghana's prospects.
March 05, 2009 -- IMF Survey: Poor Countries Need Extra Help to Get Through Global Crisis
A new IMF study finds that at least $25 billion in urgent concessional financing will be needed this year to help low-income countries affected by the deepening global economic crisis and prevent millions from falling back into poverty.
January 03, 2008 -- IMF Survey: More Investors Turn to Sub-Saharan Africa
International investors, increasingly interested in emerging and developing countries worldwide, are turning to sub-Saharan Africa in their search for yield, diversification, and potential. Some market analysts see in Africa a new asset class—a "frontier emerging market."