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Ghana completes IMF bailout programme, secures final US$371 million
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The International Monetary Fund (IMF) has approved the final review of Ghana’s US$3 billion Extended Credit Facility (ECF) programme, bringing the country’s bailout programme to an end after three years.
The Minister of Finance, Dr Cassiel Ato Forson announced on his facebook in a statement onTuesday , July 28, 2026, that the approval unlocks a final disbursement of about US$371 million to the Bank of Ghana. This brings the total amount received under the programme to US$3 billion.
The bailout programme began in May 2023 following Ghana’s economic crisis in 2022.
According to the statement , the successful completion of the programme shows that Ghana has made significant progress in stabilising the economy.
It explained that the government maintained fiscal discipline, reduced inflation, strengthened foreign exchange reserves, and implemented key economic reforms during the programme period.
The ministry indicated that Ghana would now move into a new phase of engagement with the IMF through a 36-month Policy Coordination Instrument (PCI).
It noted that the PCI is not a bailout programme and does not provide financing, but would support the government’s reform agenda and help maintain confidence in the country’s economic policies.
The government expressed appreciation to Ghanaians for their patience, resilience, and support throughout the reform programme.
It thanked the IMF Executive Board, IMF management and staff, development partners, civil society organisations, and the private sector for their support.
The Ministry of Finance stated that the government remains committed to protecting the gains made under the programme and continuing reforms aimed at building a stronger and more resilient economy.
By: Jacob Aggrey
President John Dramani Mahama will be joining African heads of state, business leaders, investors and innovators shaping Africa’s next chapter, at the inaugural Alamein Africa Forum scheduled to take place from 2nd to 4th October 2026 in the historic city of Alamein on Egypt’s Mediterranean coast.
The three-day Alamein Africa Forum is established as a permanent African Business Forum to convene biennially in Egypt.
It is to become the continent’s premier gathering where political power meets entrepreneurial prowess, bridging the established engines of African growth with the new sectors defining its future.
Co-organised by the Government of Egypt, African Export – Import Bank (Afreximbank), the African Union and AUDA-NEPAD, it is expected to bring together more than twenty (20) heads of state and government representatives alongside business leaders, bankers and development institutions.
Ghana’s President, who on 23rd September 2026 declared Ghana is open for business in New York after ringing the ceremonial closing bell at the Nasdaq Stock Market will be leading the Ghanaian delegation, to include the Minister for Trade, Agribusiness, and Industry, Elizabeth Ofosu – Adjare, to the forum.
Other members of the Ghanaian delegation are the Head and Presidential Advisor for Ghana’s 24-Hour Economy and Accelerated Export Development Programme, Hon. Augustus Goosie Tanoh, Ghana’s Special Envoy to the Alliance of Sahel States, Colonel Larry Gbevlo – Lartey alongside key Ghanaian private sector players.
Bringing together leaders in politics, business and policy from across the continent, the Alamein Africa Forum will provide a unique opportunity to shape Africa’s growth agenda by aligning policy and investment priorities, mobilising partnerships for implementation and strengthening financing and investment pathways.
The private sector must become an integral part of Agenda 2063, the African Union’s strategic fifty-year masterplan to transform the continent. The private sector is the core economic engine required to turn the African 2063 from an aspirational government roadmap into realized infrastructure, jobs, and value-added trade.
By Chris KONEY
News
Contractors move to site to begin construction of 120-Bed Trauma Hospital at Bole – Felix Kwakye Ofosu
Minister for Government Communications, Felix Kwakye Ofosu, has revealed that contractors have moved to site to begin construction of a 120-bed Specialised Trauma and Emergency Hospital at Bole in the Savannah Region.
According to the Minister, the 16,000 square metre facility will be equipped with modern medical infrastructure to provide emergency and trauma care.
The hospital will have a 24-hour Accident and Emergency Unit, trauma resuscitation bays, emergency operating theatres, an Intensive Care Unit (ICU) and a High Dependency Unit (HDU).
It will also include specialised trauma wards, a burns treatment unit, orthopaedic and surgical units, as well as imaging and diagnostic facilities, among others.
By Edem Mensah-Tsotorme
