The International Monetary Fund (IMF) Executive Board has approved Ghana’s Fourth Review under the Extended Credit Facility (ECF) Programme, clearing the way for the disbursement of approximately $370 million to support the country’s ongoing economic recovery efforts.

This latest approval brings Ghana’s total disbursements under the $3 billion three-year programme to over $1.5 billion, marking a significant milestone in the government’s push to stabilize the economy, restore debt sustainability, and foster inclusive growth.

In a post shared on X (formerly known as Twitter) on July 7, 2025, Ghana’s Minister of Finance, Dr Cassiel Ato Forson, hailed the decision as a strong endorsement of the country's reform agenda.

He wrote, “Our comprehensive macroeconomic policies and carefully crafted structural reforms are delivering real results that the international community recognizes and supports!

“Today marks another decisive step forward in Ghana’s economic recovery journey, demonstrating that our reform agenda is not just working — it’s exceeding expectations and rebuilding confidence in our nation’s financial future!,” he added.

The IMF’s endorsement comes at a critical time, as Ghana continues to navigate the aftermath of its worst economic crisis in decades, triggered by a combination of global shocks, rising debt levels, and inflationary pressures.

The recent approval by the Fund also signals growing international confidence in the government's fiscal discipline, debt restructuring efforts, and broader economic transformation strategy.

The IMF Executive Board has just approved Ghana’s 4th Review under the ECF Programme, clearing the path for a substantial $370 million disbursement!

This landmark approval validates Ghana’s unwavering commitment to fiscal discipline and strategic economic transformation.

Our… pic.twitter.com/qqksOjpwDF

— Cassiel Ato Forson (PhD) (@Cassielforson) July 7, 2025