Ghana: Fourth Review Under the Arrangement Under the Extended Credit Facility, Request for Modification of Performance Criteria, Financing Assurances Review, and Monetary Policy Consultation-Press Release; Staff Report; and Statement by the Executive

Fourth Review Under the Arrangement Under the Extended Credit Facility, Request for Modification of Performance Criteria, Financing Assurances Review, and Monetary Policy Consultation-Press Release; Staff Report; and Statement by the Executive Director for Ghana

Author: International Monetary Fund. African Dept.

Ghana: Fourth Review Under the Arrangement Under the Extended Credit Facility, Request for Modification of Performance Criteria, Financing Assurances Review, and Monetary Policy Consultation-Press Release; Staff Report; and Statement by the Executive Director for Ghana

Volume/Issue: Volume 2025 Issue 175

Publication date: July 2025

ISBN: 9798229016827

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Exports and Imports , Economics- Macroeconomics , Public Finance , Industries - Energy , Financial sector stability , Arrears , Energy sector , Debt sustainability , Fiscal stance , Debt restructuring , Debt service

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Summary

The December 2024 general elections gave a comfortable victory and parliamentary majority to President John Mahama and his National Democratic Congress. The new authorities have expressed strong support for reforms. Faced with a significant deterioration in program performance at end-2024, they have responded decisively to secure achievement of the program targets and keep the structural reform agenda on track.