Program performance improved in 2017 and macroeconomic conditions have strengthened considerably. Growth increased on the back of expanded oil production; inflation declined; the fiscal deficit was significantly reduced, leading to a primary surplus for the first time in fifteen years; the...

Policy adjustment and reforms under the program are delivering on their objectives, with clear signs of stabilization emerging. Good progress is being made on the debt restructuring. With the December 2024 general elections approaching and considering past episodes of election-driven policy...

The Sixth and Seventh Reviews under the three-year arrangement of the Extended Credit Facility observed that te Ghanaian economy performed well in 2011, but risks to macroeconomic stability have risen recently. Even though debt management capacity and policies have been strengthened, progress...