This web page provides information in on the activities of the Office, views of the IMF staff, and the relations between Ghana and the IMF. Additional information can be found on Ghana and IMF country page, including official IMF reports and Executive Board documents in English that deal with Ghana.
At a Glance : Ghana's Relations with the IMF
- Current membership: 188 countries
- Ghana joined the Fund: September 20, 1957; Article VIII
- Total Quotas: 369.0 Million
- Loans outstanding: ECF Arrangements SDR 448.09 Million
- Last Article IV Consultation: The last Article IV Executive Board Consultation was on May 7, 2014. (Country Report No. 14/129, May 30, 2014)
News and Highlights
May 16, 2014
IMF Survey; October 31, 2013
October 31, 2013
Ghana and The IMF
February 2, 2016
January 26, 2016
January 21, 2016
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.
Ghana: Second Review Under the Extended Credit Facility Arrangement and Request for Waiver for Nonobservance of Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Ghana
January 20, 2016
Series: Country Report No. 16/16
January 20, 2016
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.
Regional Economic Outlook for Sub-Saharan AfricaGrowth in sub-Saharan Africa has weakened after more than a decade of solid growth, although this overall outlook masks considerable variation across the region. Some countries have been negatively affected by falling prices of their main commodity exports. Oil-exporting countries, including Nigeria and Angola, have been hit hard by falling revenues and the resulting fiscal adjustments, while middle-income countries such as Ghana, South Africa, and Zambia are also facing unfavorable conditions. This October 2015 report discusses the fiscal and monetary policy adjustments necessary for these countries to adapt to the new environment. Chapter 2 looks at competitiveness in the region, analyzing the substantial trade integration that accompanied the recent period of high growth, and policy actions to nurture new sources of growth. Chapter 3 looks at the implications for the region of persistently high income and gender inequality and ways to reduce them.
Departmental Papers on Africa
The Departmental African Paper Series covers research on Sub-Saharan Africa conducted by International Monetary Fund (IMF) staff, particularly on issues of broad regional or cross-country interest. The views expressed in these papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
IMF Opens Africa Training Institute in Mauritius
The International Monetary Fund (IMF) on June 26, 2014 opened the Africa Training Institute (ATI) in Ebene, Mauritius, adding an important regional center to a global network of centers helping to develop countries' policymaking capacity by transferring economic skills and best practices.