Ghana takes a new step forward in its economic recovery program. The Board of Directors of the Fund International Monetary Fund (IMF) approved the fifth review of reforms committed by the country, thus paving the way for an immediate disbursement of 385 million dollars, according to a statement released Wednesday by the institution of Bretton Woods

This new funding is part of the framework of the $3 billion agreement between the IMF and Ghana in under the Extended Credit Facility, in force since May 2023. The objective is to support macroeconomic and structural reforms aimed at restore financial stability and boost growth in this country from West Africa.

In its assessment, the IMF judges Ghana's performances are generally satisfactory. The institution highlights the “firm” ownership of the program by the authorities, who implemented ambitious corrective measures after economic policy slippages observed in 2024. These adjustments strengthened the credibility of the reform framework.

According to the Fund, the combination of efforts fiscal and structural reforms have produced tangible results. La economic recovery proved stronger than expected, inflation is returned to the Bank of Ghana's target range and reserves international markets have been consolidated significantly.

The IMF also notes progress in the strengthening the country's fiscal position. However, he insists on the need to maintain the current policy adjustment trajectory public. In the medium term, the improvement of social programs will be essential for stabilizing public finances, reducing the needs of financing and protecting the most vulnerable households from the effects of fiscal adjustments.

The institution thus calls the government to continue the reforms, which are considered essential to maintain stability macroeconomic and ensure debt sustainability, while addressing persistent structural weaknesses in the economy.

In terms of indicators, progress are notable. Inflation, which peaked at 54.1% in December 2022, is fell to 6.3% in November 2025. At the same time, economic growth stood at 5.5% in the third quarter. Reflecting this improvement, the Bank of Ghana cut its key interest rate to 18% at its meeting in November, strengthening the prospects for a sustainable recovery.