Ghana has successfully completed its US$3 billion International Monetary Fund bailout programme, with the IMF Executive Board approving the final review and unlocking a last disbursement of approximately US$371 million.
According to a statement from the Ministry of Finance dated Monday, July 27, 2026, the approval brings to a close the Extended Credit Facility, ECF, programme that began in May 2023 following Ghana’s 2022 economic crisis.
“The approval also unlocks a final disbursement of approximately US$371 million to the Bank of Ghana, bringing total disbursements under the programme to US$3 billion,” the Ministry stated.
The Ministry said the successful completion reflects “significant progress” Ghana has made in ensuring economic stability.
“Government has maintained fiscal discipline, reduced inflation, strengthened external buffers, and implemented key reforms that have laid the foundation for sustained economic growth,” it noted.
With the ECF now complete, Ghana will begin a new phase of engagement with the Fund through a 36-month, non-financing Policy Coordination Instrument, PCI.
The Ministry explained that the non-bailout PCI will support the Government’s reform agenda and help sustain confidence in Ghana’s economic policies.
Government expressed appreciation to Ghanaians for their “resilience, patience, and unwavering support throughout the reform programme.”
It also thanked the IMF Executive Board, Management and Staff, development partners, civil society, and the private sector for their continued support.
“Government remains committed to protecting the gains achieved so far and implementing ongoing reforms to build a stronger, more resilient, and more prosperous economy for all Ghanaians,” the statement added.
