The Ghanaian government officially announced on Friday the conclusion of the Extended Credit Facility program with the International Monetary Fund, confirming the country's exit from emergency financial support.
This announcement comes in line with the transition process initiated in December 2025 by President John Dramani Mahama, following a recovery in key economic indicators.
The Ghanaian government announced on Friday the successful conclusion of its Extended Credit Facility (ECF) program with the International Monetary Fund (IMF), marking a decisive step in the country's economic stabilization and recovery process.
This official announcement follows the message addressed to the nation by President John Dramani Mahama on December 31, 2025, in which he indicated that Ghana was committed to a gradual exit from the IMF program, in a spirit of partnership and "with dignity".
The Ghanaian head of state had described a fragile economy upon his arrival, marked by high inflation, significant youth unemployment, and a loss of investor confidence. He nevertheless emphasized that the reforms undertaken since 2024 had enabled a gradual recovery of the macroeconomic situation.
According to the authorities, these adjustments contributed to a significant decrease in inflation, a strengthening of the cedi, a resumption of growth, and an improved business climate. The renegotiation of public debt and the return of investor confidence were also highlighted as key factors in the recovery.
In this context, the authorities now confirm the end of the Extended Credit Facility program and the transition to the Policy Coordination Instrument (PCI), a non-financial framework of the IMF designed to support reforms and bolster the country's economic credibility.
Ghana's international reserves are also estimated at around $14.5 billion in February 2026, covering nearly six months of imports and strengthening the country's external resilience.
