In a critical boost to Ghana’s economy, the International Monetary Fund (IMF) has released approximately US$365 million to the Bank of Ghana under the Extended Credit Facility programme, marking a significant milestone in the country’s macroeconomic recovery. The disbursement was approved after the IMF Executive Board assessed Ghana’s performance under the programme as broadly satisfactory, reflecting improved fiscal and monetary discipline.
The credit facility fund will immediately strengthen Ghana’s foreign exchange reserves and liquidity position, empowering the government to finance priority expenditures outlined in the 2025 budget while supporting key sectors such as infrastructure, social services, and economic reform initiatives. According to IMF analysis, Ghana’s performance under the programme has yielded notable declines in inflation and strengthened investor confidence compared to earlier stages of the adjustment process.
Policy analysts note that the inflow of IMF funds underscores confidence from international partners in Ghana’s economic trajectory, especially as the country navigates complex global and domestic headwinds. The Bank of Ghana will convert the foreign exchange tranche to cedi equivalent and channel it to the Ministry of Finance for budget execution, aiming for more balanced fiscal outcomes and continued macroeconomic stability.
Recent data from Ghana’s statistical reports show robust economic performance with expansion in services and agriculture sectors, contributing to positive GDP growth trends in 2025. However, some indicators such as private sector PMI reflect near-flat business conditions, suggesting space for policy efforts to stimulate activity and employment growth.
