By: Ashiadey Dotse
Ghana’s Minister of Finance, Dr. Cassiel Ato Baah Forson, has announced that the Executive Board of the International Monetary Fund (IMF) has approved the Fifth Review of Ghana’s performance under its three-year Extended Credit Facility (ECF) programme, marking another key step in the country’s economic recovery.
The Minister in a Facebook post indicated that the approval paves the way for the release of about US$380 million, bringing the total IMF support to US$2.8 billion under the programme.
According to the IMF, Ghana has shown strong performance, with notable progress in debt restructuring, disciplined fiscal and monetary policy implementation, and steady improvements in governance reforms.
Dr. Forson said the decision is clear confirmation that Ghana is firmly resetting its economy for growth, job creation, and long-term economic transformation.
