The International Monetary Fund has approved the fifth review of Ghana’s reform programme, unlocking a 385 million U.S. dollar disbursement to support the country’s economic recovery. The latest tranche forms part of a 3-billion-dollar Extended Credit Facility agreed in May 2023.

The IMF credited Ghanaian authorities with strong ownership of the programme, noting decisive corrective measures following policy slippages in 2024. “These actions, alongside structural reforms, have driven a stronger-than-expected rebound in growth, brought inflation within the Bank of Ghana’s target range, and bolstered foreign reserves,” the IMF said.

The fund also highlighted progress in fiscal consolidation, emphasising that continued adherence to current fiscal policies, paired with social programme enhancements, is essential to stabilise public finances, reduce financing requirements, and protect vulnerable households. Authorities were urged to sustain reforms to maintain macroeconomic stability, debt sustainability, and address longstanding structural vulnerabilities.

Ghana’s headline inflation, which reached a record 54.1 percent in December 2022, eased to 6.3 percent in November 2025, while GDP grew 5.5 percent in the third quarter. The Bank of Ghana reduced its benchmark lending rate to 18 percent in November, reflecting the country’s improved macroeconomic position.