Ghana, IMF Reach Staff-Level Agreement on Economic Reforms

The Government of Ghana and the International Monetary Fund (IMF) have successfully concluded the fourth review of Ghana's IMF-supported program, reaching a Staff-Level Agreement that marks progress towards restoring macroeconomic stability and debt sustainability. Ghana's Finance Minister emphasized the commitment to ambitious structural reforms, inclusive growth, and protection for the poor and vulnerable, despite earlier breaches in program benchmarks. Pragmatic measures have been implemented to address fiscal challenges, including the buildup of payables and primary deficits. The government is working to strengthen spending controls and fast-track additional reforms to maintain program objectives and economic resilience.