Government adopts IMF Policy Coordination Instrument to sustain economic reforms, stability

By Morkporkpor AnkuAccra, July 23, GNA – Dr Cassiel Ato Forson, the Minister of Finance, says Ghana is set to transition from the International Monetary Fund (IMF)-supported Extended Credit Facility (ECF) Programme to a 36-month Policy Coordination Instrument (PCI) to consolidate macroeconomic gains and sustain reforms.

He listed the priority areas as maintaining growth-friendly fiscal consolidation, preserving debt sustainability, strengthening fiscal transparency and governance, enhancing monetary and exchange rate policy frameworks, reinforcing financial sector stability, and promoting economic diversification and inclusive growth.

He said the PCI would anchor the country’s next phase of economic reforms, strengthen macroeconomic resilience, support broad-based growth, and demonstrate Ghana’s commitment to sound and disciplined economic policies.