IMF EXPECTED TO APPROVE FINAL BAILOUT REVIEW AND 36-MONTH POLICY COORDINATION INSTRUMENT FOR GHANA

Ghana is set to conclude its IMF financial bailout program next week, with the Fund’s Executive Board expected to approve both the final review of the Extended Credit Facility and a new 36-month Policy Coordination Instrument.

Presenting the *Mid-Year Fiscal Policy Review of the 2026 Budget* in Parliament on Thursday, July 23, 2026, the Minister for Finance, *Dr. Cassiel Ato Forson*, said the approvals will mark the end of the financial bailout and the start of a new reform phase.

*"Right honourable speaker next week the executive board of the IMF is expected to approve the final review of Ghana's extended credit facility program bringing to a successful conclusion the financial bailout IMF program,"* he stated.

Dr. Forson said the Executive Board is also expected to approve a *36-month Policy Coordination Instrument*, described as a non-financing arrangement designed for countries that no longer have, and are not expected to face, balance of payment needs.

*"The executive board is also expected to approve a thirty-six month policy coordination instrument. A non-financing arrangement designed for countries that no longer have and are not expected to face balance of payment needs,"* he told the House.

The Finance Minister said the PCI will anchor the next phase of reforms to strengthen macroeconomic resilience, support broad-based growth, and signal Ghana’s commitment to sound and disciplined macroeconomic policy.

He outlined *six priority areas* under the PCI:

1. *Maintain growth friendly fiscal consolidation*

2. *Preserve debt sustainability*

3. *Strengthen fiscal transparency and governance*

4. *Enhance monetary and exchange rate policy framework*

5. *Reinforce financial sector stability*

6. *Promote economic diversity and inclusive growth*

*"Mr speaker the PCI will anchor our next phase of reforms. Strengthening macroeconomic resilience support broad-based growth and signal our unwavering commitment to sound and discipline macroeconomic policy,"* Dr. Forson said.

He added that results over the past eighteen months have earned the trust to continue implementing reforms that will secure Ghana’s long-term prosperity.