IMF Executive Board completes Ghana program’s sixth review; approves final SDR 265.9m (~$371m) disbursement
On July 27, 2026 the IMF Executive Board completed the sixth and final review of Ghana’s $3.0 billion ECF, approving an immediate final disbursement of SDR 265.9 million (about $371 million) and signaling transition to a 36‑month Policy Coordination Instrument to support ongoing reforms.
The desk brief
On July 27, 2026 the IMF Executive Board completed the sixth and final review of Ghana’s $3.0 billion ECF, approving an immediate final disbursement of SDR 265.9 million (about $371 million) and signaling transition to a 36‑month Policy Coordination Instrument to support ongoing reforms.
Board approval of the final review removes an imminent IMF-related external financing milestone, lowering near-term rollover risk and easing headline vulnerability of Ghana’s USD eurobonds and cedi funding stress, conditional on continued policy implementation under the new PCI and actual receipt of the SDR disbursement by the authorities.
Confirmation that SDR 265.9m has been transferred to Ghana’s accounts and IMF publication of the PCI terms and monitoring schedule.
Sources & verification
Developing storyFurther independent confirmation is required.
- IMF Board completes sixth and final review of Ghana $3b loan facility, approves $371m - Ghana Business Newsghanabusinessnews.comSource published (opens in a new tab)
- IMF completes final review of Ghana lending program, unlocks $371 million | CNBC Africacnbc.comSource published (opens in a new tab)
Public references supporting this brief.
Price Discovery
Ghana sovereign curve
Latest server-calculated mid yield by maturity. Points are observed Price Discovery levels, not an interpolated valuation curve.
- Ghana 29Jul 202997.0007.438%
- Ghana 30Jan 203088.7507.374%
- Ghana 35Jul 203588.1258.224%
- Ghana 37Jan 203754.6258.460%
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