News:
May 28, 2026
Ghana has successfully concluded the final review of the current IMF financial bailout programme, Finance Minister Dr. Cassiel Ato Baah Forson announced on the floor of Parliament on Thursday, May 28, 2026. The conclusion is pending approval by the IMF Executive Board.
According to Dr. Baah, as the country moves beyond the Extended Credit Facility, it will transition to a reform-focused, non-financing policy coordination instrument (PCI).
He explained to the House that the PCI is a non-financial IMF instrument designed for countries that do not require IMF financing but seek a credible framework for reforms, regular policy reviews, and a stronger signal to investors and development partners.
For Ghana, this marks an important shift—from seeking financial bailouts to engaging as a credible reform partner, while continuing to benefit from policy discipline, external validation, and strengthened investor confidence.
“Mr. Speaker, the PCI will enable us to continue leveraging the IMF’s regular policy assessment and expertise as a signal to investors, thereby certifying the credibility of our stewardship and further strengthening our credit rating,” he emphasised.
“Ghana has moved away from the intensive-care unit to the wellness centre.”
—Kwaku Sakyi-Danso/Ghanamps.com