Ghana’s fifth review under the $3 billion IMF Extended Credit Facility (ECF) has entered its second and decisive week, with negotiations expected to conclude by October 10, 2025.
A successful review will clear the way for the release of $360 million, increasing the total disbursement to $2.66 billion since the programme began.
The IMF mission, led by Dr Ruben Atoyan, has been engaging technical teams from the Ministry of Finance and the Bank of Ghana since late September. Discussions are centred on fiscal consolidation, debt restructuring progress, and monetary policy targets, which remain key benchmarks for Ghana’s economic turnaround.
Insiders tell Citi Business News that this round of talks is placing particular emphasis on domestic revenue mobilisation, a critical element in sustaining fiscal discipline and strengthening economic resilience.
A positive outcome is expected to boost investor confidence, shore up foreign exchange reserves, and anchor Ghana’s broader economic recovery efforts under the IMF programme.
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