The Executive Board of the International Monetary Fund (IMF) has approved Ghana’s 5th Programme Review following meetings held in Washington, D.C., on December 17, 2025.
The decision comes after assessments showed progress in meeting key targets and reforms under the IMF-backed programme.
The approval paves the way for a disbursement of about $380 million to the Bank of Ghana, with expectations the funds could be released before the end of 2025.
The IMF is expected to publish its staff report in the coming hours, outlining Ghana’s performance under the programme and highlighting any remaining risks to the outlook.
Market watchers say the board’s decision should support confidence in the economy, particularly as the cedi continues to show signs of stability.
Government sources insist fiscal discipline will be sustained even after Ghana exits the IMF programme in May 2026, amid concerns about possible spending pressures.
The Fund has acknowledged progress in areas such as debt restructuring, public finance management, energy-sector reforms and financial-sector stability.
Once the latest funds are released, total IMF support to Ghana since May 2023 will rise to about $2.83 billion, reinforcing efforts to stabilise the economy and support recovery.
