$360 Million Disbursement Boosts Economic Stability.
Ghana has received approval from the International Monetary Fund (IMF) for the second review of the IMF-supported post-COVID-19 Programme for Economic Growth (PC-PEG), leading to an immediate disbursement of approximately US$360 million (SDR 269.1 million).
The IMF commended Ghana’s performance under the program, noting that all quantitative performance criteria for the second review and nearly all indicative targets were met. The review highlighted significant progress in debt restructuring and key structural reforms.
The IMF reported positive outcomes from Ghana’s reform initiatives, with economic growth proving more resilient than anticipated, inflation sharply declining from its 2022 peaks, and notable improvements in fiscal and external positions.
Finance Minister Dr. Mohammed Amin Adam affirmed Ghana’s commitment to its reform program to ensure macroeconomic stability. In a post on X, he expressed gratitude to President Nana Addo Dankwa Akufo-Addo for his leadership and to the IMF for its support.
“Ghana has secured IMF Board approval for the second review of the IMF-supported PC-PEG, leading to the release of the third tranche of $360 million under the ECF. We remain dedicated to implementing our reform agenda to achieve macroeconomic stability.”
He also acknowledged the contributions of bilateral and development partners, along with the efforts of the Ministry of Finance staff, in reinforcing Ghana’s economic stability.