Ghana: Fifth Review Under the Arrangement Under the Extended Credit Facility, Requests for Modification of the Monetary Policy Consultation Clause and Program Extension, and Financing Assurances Review-Press Release; Staff Report; and Statement by the

Fifth Review Under the Arrangement Under the Extended Credit Facility, Requests for Modification of the Monetary Policy Consultation Clause and Program Extension, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Ghana

Ghana: Fifth Review Under the Arrangement Under the Extended Credit Facility, Requests for Modification of the Monetary Policy Consultation Clause and Program Extension, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Ghana

Volume/Issue: Volume 2025 Issue 343

Publication date: December 2025

ISBN: 9798229034173

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Banks and Banking , Finance , Public Finance , Industries - Energy , Financial sector stability , Energy sector , State-owned banks

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Summary

Facing policy and reforms setbacks in 2024, the new authorities introduced strong measures to steer the IMF-supported program back on track and complete the 4th ECF review in July 2025. President Mahama has repeatedly committed to fully implementing the Fund-supported program, an essential anchor to secure macroeconomic stabilization, address Ghana’s long-standing vulnerabilities, and bolster confidence and spur inclusive growth. While macroeconomic stabilization is taking root, Ghana still faces significant infrastructure and social gaps alongside emerging security threats.