Ghana’s 3-billion-dollar IMF-supported programme has hit a rough patch, with the International Monetary Fund flagging significant fiscal slippages at the end of 2024. This comes despite stronger-than-expected economic growth and improved external conditions.

In its latest review, the IMF expressed concern over reform delays and increased spending in the lead-up to the 2024 general elections. These actions, the Fund says, threaten the programme’s sustainability.

Nonetheless, the IMF has approved a $367 million disbursement under the Extended Credit Facility, offering temporary relief to the country’s strained finances.

The development reignites debate over Ghana’s fiscal discipline and long-term economic planning under international assistance.