The International Monetary Fund (IMF) has announced that it will closely examine Ghana’s recent currency gains during future reviews of the country’s economic reform agenda under the Extended Credit Facility (ECF).
The Ghanaian cedi has appreciated significantly against major foreign currencies in recent weeks, reversing a trend of persistent depreciation.
This development comes amid renewed investor confidence and improved foreign exchange inflows. According to IMF Communications Director Julie Kozack, the Fund is closely tracking key macroeconomic indicators, including exchange rate movements, to ensure Ghana’s economic targets remain on course.
Kozack emphasized that future programme reviews will allow the IMF team to carefully evaluate the evolving macroeconomic and financial conditions. This assessment will confirm whether the programme’s targets remain appropriate and achievable. The IMF’s continued monitoring of Ghana’s economic performance underscores its commitment to supporting the country’s economic stability and growth.
Market analysts note that sustained gains will depend on continued fiscal discipline and robust reforms under the IMF-supported programme. The Ghanaian government must maintain its commitment to implementing sound economic policies and reforms to ensure the country’s economic stability and growth.¹
The IMF’s ECF programme is designed to support Ghana’s economic reform efforts, providing financial support and technical assistance to help the country achieve macroeconomic stability and sustainable growth. The programme’s success will depend on the government’s ability to implement its commitments and maintain a disciplined fiscal policy.
Source: Apexewsgh.com
