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Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.
The International Monetary Fund (IMF) is proposing a three-month extension of Ghana’s Extended Credit Facility (ECF) programme.
According to the IMF, the extension is needed to allow for the implementation of reforms underpinning the sixth and final review of the programme.
This was disclosed in the IMF Staff Report released after the Fund’s Executive Board approved Ghana’s fifth programme review.
If accepted, the proposal will extend Ghana’s ECF programme, which was scheduled to end in May 2026, to August 2026.
In the report, the IMF noted that “the extension through August 16, 2026, would help reach an understanding on the policies supporting completion of the 6th review, while allowing sufficient time to prepare and circulate Board documents.”
Source: newsthemegh.com