IMF Board meets today to deliberate on Ghana’s 4th programme review

The Board of the International Monetary Fund (IMF) will consider Ghana’s 4th programme review in Washington, DC, USA, today July 7, 2025.

This is information was sourced from people knowledgeable about Ghana’s 4th programme review with the IMF. As citizens , we understands that the government meets most of the conditions needed for the Board to discuss on Ghana’s programme.

Sources say all the required documents for the Executive Board of the IMF have been sent this week to make sure that it meet at least the four-day target, ahead of the Board meeting on Monday, July 7, 2025. The Fund is also taking Ghana’s programme to its Executive Board after the government come to an agreement with staff on the fourth review of Ghana’s economic programme in April 2025.

As per sources, IMF Board will go on and pass Ghana on the fourth review during its coming meeting next week. The development will lead to the distribution of funds some US$370 million, which might affect the Bank of Ghana’s account by  July 11, 2025. The distribution of funds could bring the total amount distributed by the International Monetary Fund (IMF) to Ghana under the Extended Credit Facility, because the government signed up to the Programme in May 2023, to more than $2.3 billion.

Some analysts claimed that the development can rise the international reserves of Bank of Ghana by the close of July 2025. This is because some $370 million will hit Bank of Ghana’s account next week, while another $360 million should come from the World Bank to support the economy by the end of July 2025.

 IMF Programme Targets Ghana’s economic programme, supported by the ECF arrangement, has three key objectives: restoring macroeconomic stability, ensuring debt sustainability, and laying the foundations for higher and more inclusive growth.

One of the main objectives concerning Ghana’s 4th programme review includes decreasing the debt of Ghana to stable levels by 2028. The outcome should be Ghana’s debt-to-GDP ratio bringing it down to 55% of GDP by that time.

The newest data shared by the Bank of Ghana indicated that as of the end of  April 2025, the debt-to-GDP ratio in Ghana were markedly reduced to 55% of GDP. This is due to the cedi’s sharp strengthening against the US dollar for this year. Data from commercial banks indicates that the cedi has gained value for more than 40% against the US dollar as if the beginning of 2025.

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