Ghana: Fifth Review Under the Arrangement Under the Extended Credit Facility, Requests for Modification of the Monetary Policy Consultation Clause and Program Extension, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Ghana

International Monetary Fund

No 2025/343, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper highlights Ghana’s Fifth Review under the Extended Credit Facility Arrangement and Financing Assurances Review. Ghana’s performance under the program has been broadly satisfactory, despite some delays in implementing complex structural reforms. The Ghanaian authorities have continued to make significant headways on their public debt restructuring. They have signed bilateral debt relief agreements with many members of Ghana’s Official Creditor Committee and finalized several Agreements in Principle with other external commercial creditors. Program implementation has been broadly satisfactory. All end-June 2025 performance criteria and indicative targets were met. Three prior actions have been implemented for this review: the audit of the 2024 payables, the cleansing of the taxpayer registry and ledger data, and submission to parliament of the 2026 budget in line with program objectives. Progress was made on some missed structural benchmarks from the 4th review with the strategy for state-owned banks implemented in September 2025. The macroeconomic outlook remains generally positive though subject to significant downside risks.

Keywords: asset declaration; Ghanaian authorities; decisive action; FX market; debt trajectory; Executive Board; Global (search for similar items in EconPapers)
Pages: 133
Date: 2025-12-22
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=572753 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2025/343

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().