An International Monetary Fund (IMF) staff team, led by Mr. Ruben Atoyan, visited Accra from April 29 to May 15, 2026, to discuss the 2026 Article IV consultation and the sixth and final review of the Extended Credit Facility (ECF) arrangement. The mission reached a staff-level agreement on the review, which is subject to approval by the IMF's Executive Board.
The ECF arrangement, approved in May 2023, aims to support Ghana's economic recovery and restore macroeconomic stability. The sixth review focuses on the country's progress in implementing key reforms, including fiscal consolidation and debt restructuring.
Ghana has been working to address high public debt and inflation, which have weighed on economic growth. The IMF team noted that the authorities have made significant strides in stabilizing the economy, but challenges remain.
The staff-level agreement is a positive step toward the completion of the ECF program, which has provided Ghana with access to financial support and policy advice. The IMF Executive Board is expected to consider the review in the coming weeks.
