Ghana has officially concluded its Extended Credit Facility (ECF) programme with the International Monetary Fund, marking the end of the country’s latest financial bailout arrangement after years of economic turbulence.
The government says the programme ended ahead of schedule following what it described as a strong economic turnaround driven by fiscal discipline, structural reforms and improved investor confidence.
The West African nation entered the IMF programme at a time of soaring inflation, mounting debt pressures and a weakening local currency, conditions that pushed millions of Ghanaians deeper into economic hardship.
Officials say the programme, which had reportedly veered off course in late 2024, was stabilised after the administration of John Dramani Mahama took office in 2025.
According to the Ministry of Finance, the government introduced aggressive fiscal consolidation measures, reduced public spending and implemented reforms aimed at restoring macroeconomic stability.
