The Bank of Ghana’s (BoG) account has been credited with US$367 million by the International Monetary Fund (IMF) after the successful completion of Ghana’s fourth review under the Extended Credit Facility programme.
The fund was paid into the central bank’s account on Wednesday, July 9, 2025, marking the fifth tranche of the Bretton Wood Institution’s US$3 billion programme approved for the Ghana government in 2023.
The amount is aimed at restoring debt sustainability and accelerating economic growth as part of the broad objective of the US$3billion facility.
It is also expected to strengthen Ghana’s external buffers, stabilise the cedi and help government meet critical balance-of-payment needs.
Ghana’s unsustainable debt levels, cedi depreciation, high inflation that resulted in economic turmoil, necessitated a bailout from the IMF to restore stability.
The disbursement of funds is guided by periodic reviews where fiscal, structural and financial progress are assessed.
According to Finance Minister, Dr. Cassiel Ato Forson, Ghana has so far exceeded expectations under the IMF programme, helping to restore both local and international confidence in the economy.
The latest disbursement is expected to support budget operations, further stabilise the cedi and help the country meet external obligations as government intensifies efforts to rebuild macroeconomic resilience and return to growth.
The release also comes as Ghana continues debt restructuring negotiations with external creditors and Eurobond holders under the G20 Common Framework; a critical component for the full implementation and success of the IMF programme.
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