Ghana’s ongoing fifth review under the International Monetary Fund (IMF) programme has entered its second week, with negotiations expected to wrap up by October 10.
If the review concludes successfully, Ghana stands to receive a $360 million disbursement, bringing the total support received under the country’s $3 billion Extended Credit Facility (ECF) to $2.66 billion.
The IMF mission, headed by Dr. Ruben Atoyan, touched down in Accra in late September and immediately began a series of intensive meetings with technical teams from the Ministry of Finance and the Bank of Ghana. These discussions have centred on Ghana’s progress in key areas such as fiscal consolidation, debt restructuring, and the achievement of crucial monetary policy targets.
Sources close to the negotiations reveal that this phase of the review is especially focused on domestic revenue mobilisation, which has been identified as a critical pillar in Ghana’s wider economic recovery efforts.
Should the review yield a positive outcome, analysts expect it will not only unlock much-needed funds but also strengthen investor confidence, bolster the country’s foreign exchange reserves, and support ongoing efforts to restore macroeconomic stability.
With the negotiations drawing to a close, stakeholders across the country are watching closely, aware that the results could significantly shape Ghana’s economic direction in the months ahead.
Source: Apexnewsgh.com
