Final IMF review begins today, Ghana’s ECF exit in August hinges on energy reforms and fiscal discipline.
An International Monetary Fund (IMF) staff mission is scheduled to arrive in Accra on April 29, 2026, for Ghana’s sixth and final review under its Extended Credit Facility programme, with formal engagements expected to begin on April 30 and last about two weeks as part of preparations for Ghana’s planned exit in August 2026. The mission will review progress since the fifth review, with a focus on fiscal performance, especially reforms in the energy sector, debt management, and social spending, as well as monetary and banking sector reforms, and discuss prior actions to unlock the final tranche of support. The programme, approved in May 2023, has generally resulted in improved macroeconomic stability, with strong growth, rising reserves at the Bank of Ghana and easing inflation projections, although some structural reforms are still ongoing. Ghana is preparing to exit the programme after what has been described as a technical extension to allow final assessments to be carried out. Officials of the IMF, including Abebe Aemro Selassie, of the Fund’s Africa Department, have stressed the need for fiscal discipline.
