Ghana has successfully completed its US$3 billion Extended Credit Facility (ECF) programme with the International Monetary Fund (IMF) following approval of the final review by the IMF Executive Board.
The approval, announced on Monday, July 27, 2026, unlocks a final disbursement of approximately US$371 million to the Bank of Ghana, bringing total disbursements under the programme to US$3 billion.
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The bailout programme began in May 2023 following Ghana’s 2022 economic crisis. Government said its successful completion reflects significant progress in restoring economic stability through fiscal discipline, reduced inflation, strengthened external buffers and key economic reforms.
With the ECF programme now complete, Ghana will begin a new phase of engagement with the IMF through a 36-month, non-financing Policy Coordination Instrument (PCI).
The new instrument will support the government’s reform agenda and help sustain confidence in Ghana’s economic policies without providing additional financing.
Government expressed appreciation to Ghanaians for their resilience, patience and support throughout the reform programme. It also thanked the IMF Executive Board, IMF Management and staff, development partners, civil society and the private sector for their continued support.
Government said it remains committed to protecting the gains achieved and implementing ongoing reforms to build a stronger, more resilient and more prosperous economy for Ghanaians.
