Ghana Shifts to IMF Policy Coordination While Sri Lanka Secures $695 Million Funding

Ghana’s Finance Minister Dr. Cassiel Ato Forson told Parliament that the country has completed the final review of its IMF‑supported Extended Credit Facility and will move to a non‑financing Policy Coordination Instrument, signalling the end of direct bailout funding. He likened the transition to moving from an intensive‑care unit to a wellness centre, and noted that Ghana’s economy recorded 6 % GDP growth in 2025, a primary surplus of 2.5 % of GDP and a reduced debt‑to‑GDP ratio.

In Sri Lanka, the IMF Executive Board approved the combined fifth and sixth reviews of the country’s 48‑month Extended Fund Facility, unlocking immediate access to about US$695 million (SDR 508 million) and bringing total programme financing to roughly US$2.4 billion. The IMF praised Sri Lanka’s continued reform implementation but warned that the Middle‑East conflict and higher oil prices pose risks to growth, projected at 3 % for 2026. The agreement includes commitments to cost‑recovery pricing for fuel and electricity and a return to fiscal targets from 2027 onward.

Both countries aim to sustain macro‑economic stability, restore investor confidence and advance structural reforms under IMF guidance.