The Authorities of Ghana has introduced the profitable conclusion of the Prolonged Credit score Facility (ECF) monetary aid program with the Worldwide Financial Fund (IMF), describing this progress as a serious milestone in restoring macroeconomic stability and debt sustainability forward of schedule.
In response to the Workplace of the President, Mahama’s authorities acted decisively in 2025 to restart the plan after it stalled on the finish of 2024, bringing ahead fiscal consolidation measures, expenditure rationalization and structural reforms.
The federal government stated the measures contributed to a big drop in inflation, strengthening of the cedi, sharp discount in public debt as a share of GDP, and restoring financial development.
The President additional indicated that Ghana’s sovereign credit standing has improved from a restricted default standing to a ‘B’ ranking with a optimistic outlook, representing 5 separate ranking upgrades.
It additionally famous that Ghana’s complete international alternate reserves had elevated to roughly US$14.5 billion by February 2026, protecting almost six months of imports and strengthening the nation’s means to resist exterior shocks.
The federal government stated the announcement marks a definitive finish to Ghana’s monetary rescue relationship with the IMF.
Ghana will now work with the IMF by the Coverage Coordination Instrument (PCI), which the Workplace of the President described as a non-financial technical help settlement aimed toward supporting financial reforms, strengthening coverage credibility, and helping with financing from buyers and growth companions.
The assertion stated PCI will help authorities efforts to attain investment-grade credit score scores, decrease borrowing prices, appeal to long-term funding, and allow cheaper financing for infrastructure growth and personal sector development.
The President added that the Mahama administration stays dedicated to prudent financial administration, fiscal self-discipline and the creation of a positive atmosphere for home and international funding.
