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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.

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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.

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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

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Who will pay for expanded primaries?- Gary Nimako questions Supreme Court ruling

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The Director of Legal Affairs of the New Patriotic Party (NPP), Gary Nimako Marfo, has questioned who will bear the cost of conducting presidential and parliamentary primaries following the Supreme Court’s ruling on the party’s delegate system.

Speaking to journalists, Mr. Nimako Marfo said he would not immediately comment on the ruling, adding that he wanted to wait for the full details before sharing his views.

“I don’t want to comment on it now. Let’s wait,” he said.

When asked about the Supreme Court’s decision that all members in good standing should vote in party elections, he shifted attention to the financial implications of implementing the ruling.

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According to him, allowing all members in good standing to vote would increase the cost of organising internal party elections.

He questioned who would pay for the expanded electoral process.

“Who is going to pay for the cost of the elections?” he asked.

When a journalist suggested that political parties would bear the cost, Mr. Nimako Marfo replied, “Let’s wait and see.”

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The comments come after the Supreme Court ruled that political parties should allow all members in good standing to vote in their internal elections, a decision that is expected to expand participation but also increase the financial and logistical demands of organising presidential and parliamentary primaries.

By: Jacob Aggrey

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Supreme Court declares political party delegates system unconstitutional

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The Supreme Court of Ghana has declared the delegate system used by political parties to elect presidential and parliamentary candidates unconstitutional.

In a 5-2 majority decision delivered, the Court ruled that the long-standing system violates democratic principles and ordered all political parties to ensure every registered, card-bearing member participates in presidential and parliamentary primaries.

The ruling brings to an end decades of internal party elections conducted by a limited number of delegates.

The suit was filed by former Minister for Environment, Science, Technology and Innovation, Professor Kwabena Frimpong-Boateng; veteran politician Dr. Nyaho Nyaho-Tamakloe; and former Minister for Lands and Forestry, Dr. Christine Amoako-Nuamah.

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The plaintiffs argued that the delegate system created inequality among party members by granting voting rights to a privileged minority while excluding ordinary members in good standing.

They told the Court that restricting voting rights to delegates was inconsistent with the democratic principles enshrined in the 1992 Constitution.

The Attorney-General’s Department supported the suit and urged the Court to adopt a “one member, one vote” approach.

In its submission, the State argued that political parties perform an important public function in Ghana’s democratic framework and that their internal electoral processes must reflect constitutional values of equality, participation and universal suffrage.

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The Attorney-General further submitted that expanding voting rights to all registered members would strengthen accountability and deepen internal democracy within political parties.

The judgment means that going forward, presidential and parliamentary candidates will be selected by all registered members of a political party, instead of by delegates alone.

Political parties are expected to review their constitutions and structures to comply with the Court’s directive ahead of the 2028 general elections.

By Edem Mensah-Tsotorme

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