A US$360million disbursement from the World Bank, the first tranche of an anticipated US$730million in foreign exchange inflows aimed at supporting macroeconomic stability and reinforcing national recovery efforts, has been received.
It comes ahead of an expected US$370million from the International Monetary Fund (IMF), subject to Executive Board approval, scheduled for July 7.
The World Bank’s contribution, approved by its Board of Executive Directors, is part of the Second Resilient Recovery Development Policy Financing operation under the International Development Association (IDA).
This supports Ghana’s ongoing economic reform agenda under the IMF programme and broader structural reforms intended to build a more resilient, inclusive and sustainable economy.
It is expected that this wave of inflows will improve the Bank of Ghana’s (BoG) liquidity position and enhance its foreign exchange management capabilities. As at June 2025, the country’s international reserves stood at over US$11billion – equivalent to five months of import cover.
Finance Minister Cassiel Ato Forson noted that reforms under both the IMF-backed programme and World Bank development financing series have played a key role in stabilising the macroeconomic environment.
The World Bank Country Director for Ghana, Liberia and Sierra Leone, Robert Taliercio, however said structural constraints in areas such as fiscal management, energy sector inefficiencies and social protection remain pressing.
The disbursement comes at a critical juncture as Ghana awaits the IMF’s decision on its fifth tranche disbursement under the US$3billion Extended Credit Facility (ECF) arrangement agreed in 2023.
