Ghana and International Monetary Fund staff have reached a staff-level agreement on the first review of the country’s 36-month, non-financing Policy Coordination Instrument, Ghana News Agency reported on 5 November 2026.
The agreement remains subject to IMF management and Executive Board approval. It is not a completed Board review or an announcement of a new disbursement.
GNA said a team led by Ruben Atoyan held discussions in Accra from 22 October to 4 November and described programme performance as broadly satisfactory, with most quantitative targets met.
The agency quoted the team as saying real GDP grew by 6.2% year on year in the first half of 2026 and projecting growth of 5.7% for the full year. The latter figure is a forecast, not a recorded full-year outcome.
According to GNA’s account, the team called for stronger foreign exchange reserves, higher revenue and continued reforms to protect the economy from commodity price volatility and other external shocks.
The report also identified the delayed publication of an audit of Electricity Company of Ghana collection accounts among outstanding reforms. It cited energy-sector pressures, debt rollover and financial-sector weaknesses as domestic risks.
This report is based on GNA’s account of the mission statement. StatsGH had not independently obtained the IMF’s first-review statement at publication; the reported agreement and figures are attributed to that account.
Source: Ghana News Agency.