{"id":16810,"date":"2026-05-18T07:33:03","date_gmt":"2026-05-18T07:33:03","guid":{"rendered":"https:\/\/www.fishfmonline.com\/?p=16810"},"modified":"2026-05-18T07:33:03","modified_gmt":"2026-05-18T07:33:03","slug":"july-27-set-for-imf-board-decision-on-ghanas-final-review-and-new-pci-pact","status":"publish","type":"post","link":"https:\/\/www.fishfmonline.com\/?p=16810","title":{"rendered":"July 27 Set for IMF Board Decision on Ghana\u2019s Final Review and New PCI Pact"},"content":{"rendered":"

The International Monetary Fund (IMF) is set to present Ghana\u2019s sixth and final program review, along with the country’s request for a new Policy Coordination Instrument (PCI), to its Executive Board on July 27.<\/span><\/p>\n

This information was shared by Ruben Atoyan, the IMF\u2019s Mission Chief for Ghana, during an upcoming episode of JoyNews\u2019\u00a0<\/span>PM Express Business Edition<\/span><\/em>. He explained that the IMF team is heading back to Washington, D.C., to finalize their staff report and build what he called a \u201cstrong case\u201d for board approval of Ghana\u2019s program.<\/span><\/p>\n

Once the board approves the report, Dr. Atoyan noted that the final disbursement\u2014over $318 million\u2014from Ghana\u2019s bailout program would be transferred to the Bank of Ghana. He also clarified that Ghana\u2019s Extended Credit Facility (ECF) program hasn\u2019t officially ended, despite the recent staff-level agreement reached in Accra.<\/span><\/p>\n

\u201cWhat happened in Accra was a staff-level agreement, not a program conclusion,\u201d he said. \u201cThat means the IMF team and the government have reached a common understanding on the policies needed to complete this review.\u201d<\/span><\/p>\n

Dr. Atoyan described the IMF\u2019s recent mission to Ghana as \u201cvery fruitful,\u201d noting that the team engaged with stakeholders beyond official government meetings, including cocoa farmers, power producers, and a gold refinery. He emphasized that these interactions are vital to shaping the IMF\u2019s final assessment of Ghana\u2019s economic program.<\/span><\/p>\n

He expressed confidence that the government would fulfill all remaining commitments ahead of the July board meeting. \u201cWe are hopeful that by July 27, all commitments have been undertaken by the government, so we can secure the necessary approvals,\u201d he stated.<\/span><\/p>\n

The IMF team, led by Dr. Atoyan, visited Accra from April 29 to May 15 to discuss the 2026 Article IV consultation, the sixth and final review of Ghana\u2019s ECF program, and the country\u2019s PCI request. At the mission\u2019s conclusion, the IMF acknowledged that Ghana\u2019s program had delivered \u201csubstantial stabilization gains,\u201d including lower inflation, stronger reserves, improved cedi confidence, and progress on debt restructuring.<\/span><\/p>\n

\"\"<\/a><\/p>\n

 <\/p>\n

The Fund also highlighted the need for energy sector reforms, particularly at the Electricity Company of Ghana (ECG), urging a focus on reducing distribution and collection losses, including finalizing private sector participation in the distribution business.<\/span><\/p>\n

Ghana entered its 36-month ECF arrangement with the IMF in May 2023, securing access to roughly $3 billion in support.<\/span><\/p>\n

 <\/p>\n

Disclaimer: The content provided on Fish FM Online is for informational and entertainment purposes only. While we strive for accuracy, we do not guarantee the completeness, reliability, or timeliness of the information presented. Fish FM Online and its affiliates are not responsible for any errors or omissions, nor for any decisions made based on the content available on our platform.<\/p>\n","protected":false},"excerpt":{"rendered":"

The International Monetary Fund (IMF) is set to present Ghana\u2019s sixth and final program review, along with the country’s request for a new Policy Coordination Instrument (PCI), to its Executive Board on July 27. This information was shared by Ruben Atoyan, the IMF\u2019s Mission Chief for Ghana, during an upcoming episode of JoyNews\u2019\u00a0PM Express Business […]<\/p>\n","protected":false},"author":123457,"featured_media":16812,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[3525,41,3515],"tags":[163,5296],"class_list":["post-16810","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-general-news","category-top-story","tag-imf","tag-new-pci-pact"],"_links":{"self":[{"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/16810","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/users\/123457"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16810"}],"version-history":[{"count":2,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/16810\/revisions"}],"predecessor-version":[{"id":16814,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/16810\/revisions\/16814"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/media\/16812"}],"wp:attachment":[{"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}