Ghana and IMF begin sixth review of ECF programme, mission in Accra

On April 29, 2026 Ghana officially began the Sixth Review of its IMF Extended Credit Facility (ECF) programme, with an IMF mission led by Dr. Ruben Atoyan meeting government officials in Accra to assess progress and decide next-phase reforms.

The start of the IMF sixth review formalizes the monitoring process for Ghana’s fiscal programme and sets the timetable for staff assessment of policy implementation. While the review itself does not change financing immediately, completion with positive staff findings could unlock future disbursements and reduce near-term refinancing uncertainty for Ghana’s domestic and external debt curve; conversely, adverse findings would maintain pressure on long-dated sovereign debt and external financing plans.

Staff report and mission conclusions at the end of the IMF review, which will determine any conditional disbursement decision.