The Executive Board of the International Monetary Fund (IMF) is expected to consider the fourth review of Ghana’s $3 billion Extended Credit Facility (ECF) programme on Monday, 7 July 2025, in Washington, D.C., USA.
- The IMF Executive Board will review Ghana’s $3 billion ECF programme in Washington, DC on July 7, 2025.
- Ghana has met all necessary benchmarks for the fourth review, paving the way for a $370 million disbursement.
- Ghana’s Parliament has ratified a $360 million financing agreement with the World Bank for developmental initiatives.
Ghana meets all conditions ahead of review
According to sources close to the process, Ghana has fulfilled all necessary benchmarks required for the fourth review, positioning the country to receive the next disbursement of $370 million. All relevant documentation has reportedly been submitted in line with the Fund’s four-day processing window leading up to the meeting.
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This follows the staff-level agreement reached between the IMF and the Government of Ghana in April 2025, which confirmed that Ghana had achieved its programme targets for the review period.
The IMF is widely expected to approve the review and disburse the funds by 11 July 2025. Once completed, Ghana will have received a cumulative $2.3 billion under the ongoing programme, out of the total $3 billion earmarked to be disbursed over three years.
World Bank Approves $360m to Support Ghana’s Recovery
In a related development, Ghana’s Parliament has ratified a $360 million financing agreement with the International Development Association (IDA) of the World Bank. The facility forms part of the Second Resilient Recovery Development Policy Financing (DPO2) initiative.
The agreement was presented to Parliament on Tuesday, 1 July 2025, by Deputy Finance Minister Thomas Nyarko Ampem.
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The World Bank funding is expected to support a broad range of government priorities, including enhancing livelihoods, accelerating economic growth, curbing inflation, sustaining macroeconomic stability, and promoting a broad-based recovery.
Together, the upcoming IMF disbursement and the World Bank facility represent a significant boost to Ghana’s ongoing efforts to recover from recent economic shocks and strengthen public finances.
