The Ghanaian government will receive a total of US$1.32 billion in financial support from the International Monetary Fund (IMF) and the World Bank in 2025 to help bridge its budget deficit. This was disclosed by Finance Minister Dr. Cassiel Ato Forson in the 2025 Budget Statement presented to Parliament on March 11, 2025.
According to the budget, US$720 million will come from the ongoing IMF Extended Credit Facility (ECF) programme, while the World Bank Development Policy Operation (DPO) will provide an additional US$600 million. These funds will finance 35% of Ghana’s projected budget deficit for the year.
“The cash deficit of GH¢56.9 billion is expected to be financed from both foreign and domestic sources. Total Foreign net financing will amount to GH¢21.4 billion (1.5% of GDP). Foreign financing will include a provision for financing from IMF-ECF programme disbursements of US$720 million and World Bank Development Policy Operation (DPO) funding of US$600 million,” Dr. Forson stated.
The government expects to cover the remaining 65% of the deficit (GH¢36.9 billion or 2.6% of GDP) through domestic borrowing, mainly from short-term treasury bill issuances.
The IMF-ECF programme was introduced to help Ghana restore macroeconomic stability and debt sustainability following years of fiscal challenges. Similarly, the World Bank’s Development Policy Operation (DPO) is designed to support policy reforms and economic recovery efforts.
Dr. Forson emphasized that the government is committed to fiscal discipline and sustainable debt management, assuring that the funds will be utilized efficiently.
“We remain steadfast in meeting the IMF programme targets while restoring Ghana’s creditworthiness,” he said.
