Ghana’s ongoing fifth review under the International Monetary Fund (IMF) programme has entered its second week, with negotiations expected to conclude by October 10.
A positive outcome will pave the way for the disbursement of $360 million, bringing total support under the country’s $3 billion Extended Credit Facility (ECF) to $2.66 billion.
The IMF mission, led by Dr. Ruben Atoyan, has been in Accra since late September, meeting with technical teams from the Ministry of Finance and the Bank of Ghana to evaluate progress on fiscal consolidation, debt restructuring and monetary policy targets.
Sources close to the talks tell Citi Business News that this phase of the review will place significant emphasis on domestic revenue mobilisation — a critical component of Ghana’s broader economic recovery plan.
A successful review is expected to further anchor investor confidence, support foreign exchange reserves and help sustain the country’s ongoing efforts to restore macroeconomic stability.
Source: citinewsroom.com
