A staff mission from the International Monetary Fund (IMF) will arrive in Accra by the end of September 2025 for Ghana’s fifth review under the $3 billion bailout programme.
Ghana is expected to unlock about US$360 million in October 2025, a disbursement critical to shoring up reserves and stabilising the economy.
The upcoming review will assess Ghana’s inflation trajectory, the sustainability of foreign reserve build-up, the ongoing audit of government arrears, and the financial health of private sector banks facing recapitalisation challenges.
The mission follows the IMF Executive Board’s completion of the fourth review on July 7, 2025, which approved a disbursement of approximately US$367 million (SDR 267.5 million). This brought Ghana’s total receipts under the programme to US$2.3 billion.
The final review under the three-year Extended Credit Facility (ECF) is scheduled for April 2026.
The IMF has commended Ghana for policy reforms aimed at restoring macroeconomic stability, though market analysts remain cautious about whether fiscal discipline will hold once the programme concludes.
