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The International Monetary Fund (IMF) has announced that Ghana’s economic recovery programme under the Extended Credit Facility (ECF) has produced “substantial stabilisation gains”, citing sharp declines in inflation, improved confidence in the cedi, stronger reserves and significant progress in debt sustainability. At the end of a mission to Accra, IMF staff in a statement also confirmed that they had reached a staff-level agreement with the Government of Ghana on the sixth and final review...

This will be made possible by upgrading 50 SHSs with a $300 million World Bank facility under the Transformative Secondary Education for Access, Results and Relevance for Jobs (STARR-J) project. Under the initiative, 30 category C schools will be upgraded to category B, and 20 category B schools to category A. Speaking in Accra last Wednesday, the President gave a firm commitment that “by 2027, there should be no secondary school implementing a double track system in Ghana.” “The STARR-J...

Ghana has successfully concluded its Extended Credit Facility (ECF) programme with the International Monetary Fund, achieving macroeconomic stability and debt sustainability ahead of schedule, the government has announced. The development marks the formal end of the country’s financial bailout arrangement with the IMF, following what officials describe as a sharp economic turnaround after the programme veered off track in late 2024. According to the government, the administration of President...