Ghana has successfully completed its $3bn (R50.4bn) International Monetary Fund (IMF) support programme, with the final disbursement of R6.2bn marking the end of a critical economic recovery phase.

The IMF's executive board approved the sixth and final review, acknowledging Ghana's sustained reform efforts and favourable commodity price developments that helped stabilise its economy and reduce debt risks.

The country sought IMF assistance in 2022 amid a severe economic crisis triggered by years of overspending, the COVID-19 pandemic, Russia’s invasion of Ukraine, and high global interest rates, which weakened the cedi and spiked inflation.Ghana's comprehensive debt restructuring is now largely complete, with its debt servicing risks returning to moderate levels.

However, continued fiscal discipline, central bank independence safeguards, and implementation of a recapitalisation plan remain essential to address lingering vulnerabilities.

The IMF highlighted the need for decisive corrective measures, robust supervision, and finalisation of crisis management frameworks to ensure long-term economic stability.