About US$365 million cash from the International Monetary Fund (IMF) has been credited to the Bank of Ghana’s account today 22nd December 2025.
It is coming after the Executive Board of the IMF completed its fifth review of Ghana’s programme with the Fund in Washington, DC, USA, on December 17 2025.
The development brings Ghana’s total disbursements under the Extended Credit Facility arrangement to about US$2.8 billion.
This might be the fifth tranche of IMF cash that Ghana has received since it signed up onto the Fund programme on May 17, 2023.
Impact
Some market watchers have argued that the immediate impact will be the fact that it will offer government some extra cash to finance projects identified in the 2025 Budget.
This is because the primary aim of this disbursement under the IMF programe, is to finance budget related projects and support Ghana’s reserves.
The Bank of Ghana will take the cash inflows and give the cedi equivalent to the Finance Minister Dr. Ato Forson to spend on some projects identified in the 2025 Budget.
Some market analysts have sought to downplay the impact of this disbursement on Ghana’s reserves, especially when the Central Bank’s reserves are estimated to reach US$13 billion or even more by the end of 2025.
