Ghana has reached a staff-level agreement with the International Monetary Fund on the Fifth Review of the Extended Credit Facility.
According to a statement, this staff-level agreement is subject to IMF Management approval and Executive Board consideration. Once approved, Ghana will gain access to US$385 million.
The statement stated that macroeconomic stabilisation is taking root, whilst growth in 2025 half-year was stronger than anticipated, underpinned by strong services activity and agricultural output.
It emphasised that the external sector has improved noticeably on robust exports—particularly gold and cocoa. International reserves accumulation continues to exceed the ECF-supported programme targets, while the cedi appreciated markedly in the first half of the year.
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