The Executive Board of the International Monetary Fund (IMF) has approved the Fifth Review of Ghana’s performance under its three-year Extended Credit Facility (ECF) programme, marking another significant milestone in the country’s ongoing economic recovery efforts.

The approval clears the way for the immediate disbursement of about US$380 million, bringing Ghana’s total financial support from the IMF under the programme to approximately US$2.8 billion.

In its assessment, the IMF Executive Board commended Ghana for its strong programme performance, noting substantial progress across key reform areas.

These include meaningful advances in debt restructuring, the implementation of disciplined fiscal and monetary policies, and steady improvements in governance and public financial management reforms.

According to the IMF, the authorities’ continued commitment to macroeconomic stability has helped anchor confidence, restore policy credibility, and strengthen the foundations for sustainable growth.

The Board also acknowledged Ghana’s efforts to protect social spending while pursuing fiscal consolidation, a balance seen as critical to maintaining public support for the reform programme.

The Minister of Finance, Dr Casiel Ato Forson, has welcomed the decision, describing it as a clear vote of confidence in Ghana’s economic management and reform agenda.

According to him, the latest disbursement will support budget financing, boost foreign exchange buffers, and reinforce ongoing measures aimed at stabilising the economy and promoting private-sector-led growth.

The approval of the Fifth Review reinforces the view that Ghana is firmly on a path toward economic reset, with renewed focus on growth, job creation, and long-term economic transformation.