The two-week review, which runs from April 2 to April 15, aims to evaluate Ghana’s progress in implementing key structural reforms and its fiscal performance for 2024.
Focus on economic stability and structural reforms
According to the Ministry of Finance, the initial stages of the review have begun with discussions at both the Ministry of Finance and the Bank of Ghana.
These discussions have centred on Ghana’s fiscal performance and its progress in meeting the targets set out in the country’s economic recovery plans.
The Ministry stated on April 2, 2025, “Over the coming days, the IMF delegation will engage with senior government officials, Central Bank executives, and key stakeholders to assess critical economic indicators such as inflation control, monetary policy, and fiscal discipline.”
Debt restructuring and IMF support
A major focus of the review will be Ghana’s adherence to IMF targets related to economic stabilisation and debt restructuring. This assessment will play a significant role in determining whether Ghana qualifies for the next tranche of financial support from the IMF, which is essential for maintaining macroeconomic stability and enhancing investor confidence.
In his comments, Minister of Finance Dr Cassiel Ato Forson emphasised the government’s ongoing commitment to ensuring economic resilience. He highlighted the passage of transformative tax amendment bills, significant public procurement reforms, and other policies outlined in the 2025 Budget.
Optimism for economic stabilisation by May 2025
Dr Forson expressed optimism that with improving macroeconomic indicators, Ghana’s economy could achieve a level of stabilisation by May 2025. He stated that the government remains focused on bolstering economic recovery through the implementation of strategic reforms.
The review mission will continue over the next two weeks, with additional meetings and technical discussions scheduled before the final IMF statement is released on April 15, 2025.
