Finance Minister Dr. Cassiel Ato Forson has announced that the International Monetary Fund (IMF) Executive Board has approved the 4th review of Ghana’s Extended Credit Facility (ECF) Programme, clearing the way for a fresh $370 million disbursement to support the country’s ongoing economic recovery efforts.
Sharing the news on his official Facebook page, Dr. Forson described the approval as a significant breakthrough that confirms Ghana’s dedication to fiscal discipline and sustainable economic reforms.
“The IMF Executive Board has just approved Ghana’s 4th Review under the ECF Programme, clearing the path for a substantial $370 million disbursement!” he wrote.
According to the Finance Minister, this approval serves as strong international recognition of the government’s current reform agenda and macroeconomic strategy.
“This landmark approval validates Ghana’s unwavering commitment to fiscal discipline and strategic economic transformation,” he added.
“Our comprehensive macroeconomic policies and carefully crafted structural reforms are delivering real results that the international community recognizes and supports!”
Dr. Forson hailed the development as a clear sign that Ghana’s economy is on the mend.
“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.”
Ghana entered into a $3 billion ECF programme with the IMF in 2023 to help restore macroeconomic stability, reduce debt, and revive investor confidence following a challenging economic period.
