The government has cancelled about 1,800 public investment projects following a review of the country’s project portfolio aimed at improving spending efficiency and strengthening fiscal discipline.

The International Monetary Fund (IMF) said the exercise formed part of broader public financial management reforms under Ghana’s economic programme to ensure that limited public resources are directed towards viable projects with significant economic and social benefits.

In its latest Article IV Consultation and proposed Policy Coordination Instrument (PCI) report for August 2026, the IMF disclosed that the review identified several projects that were either unfeasible, non-performing or no longer aligned with government priorities.

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The Fund added that about 2,000 other projects had been rephased or redesigned to align with available funding and the government’s capacity to implement them.

“The authorities have undertaken a comprehensive review of the public investment portfolio, resulting in the cancellation of about 1,800 projects and the rephasing or rescoping of around 2,000 others,” the IMF said.

According to the IMF, the rationalisation of the projects will help improve the quality of public investments by ensuring that funds are channelled into projects with stronger economic and social benefits.

The review forms part of efforts to strengthen Ghana’s public investment management system and improve expenditure controls as the country works to restore fiscal stability following its debt restructuring programme.

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The Fund said the government is also introducing measures to improve procurement systems, strengthen commitment controls and enhance monitoring of public spending to reduce the risk of arrears.

The IMF noted that these reforms are expected to create fiscal space for priority infrastructure projects while supporting long-term debt sustainability under the proposed PCI programme.

DR/MA