IMF Staff Country Reports

Ghana: Fifth Review Under the Arrangement Under the Extended Credit Facility, Requests for Modification of the Monetary Policy Consultation Clause and Program Extension, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Ghana

December 22, 2025

Preview Citation

Format: Chicago

International Monetary Fund. African Dept. "Ghana: Fifth Review Under the Arrangement Under the Extended Credit Facility, Requests for Modification of the Monetary Policy Consultation Clause and Program Extension, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Ghana", IMF Staff Country Reports 2025, 343 (2025), accessed 12/23/2025, https://doi.org/10.5089/9798229034173.002

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Summary

Facing policy and reforms setbacks in 2024, the new authorities introduced
strong measures to steer the IMF-supported program back on track and complete the
4th ECF review in July 2025. President Mahama has repeatedly committed to fully
implementing the Fund-supported program, an essential anchor to secure
macroeconomic stabilization, address Ghana’s long-standing vulnerabilities, and bolster
confidence and spur inclusive growth. While macroeconomic stabilization is taking root,
Ghana still faces significant infrastructure and social gaps alongside emerging security
threats.

Subject: Economic sectors, Energy sector, Financial institutions, Financial sector policy and analysis, Financial sector stability, Foreign exchange, State-owned banks

Keywords: Energy sector, Financial sector stability, State-owned banks