Ghana is set to receive $1.32 billion in financial assistance from the International Monetary Fund (IMF) and the World Bank in 2025 to help close its budget deficit. The announcement was made by Finance Minister Dr. Cassiel Ato Forson while presenting the 2025 Budget Statement to Parliament on March 11, 2025.
According to the budget details, $720 million will come from Ghana’s ongoing IMF Extended Credit Facility (ECF) programme, while the World Bank will provide $600 million under its Development Policy Operation (DPO) initiative. These funds will cover 35% of the country’s estimated budget shortfall for the year.
Dr. Forson outlined the financing strategy, stating that Ghana’s total fiscal deficit of GH¢56.9 billion will be funded through a combination of foreign and domestic sources. “Foreign financing will include a provision for financing from IMF-ECF programme disbursements of $720 million and World Bank Development Policy Operation (DPO) funding of $600 million,” he noted.
To bridge the remaining 65% of the deficit—amounting to GH¢36.9 billion—the government plans to rely on domestic borrowing, primarily through treasury bills and other short-term instruments.
The IMF-ECF programme was introduced to help Ghana stabilize its economy and manage its debt burden, while the World Bank’s DPO aims to support policy reforms and economic recovery. Dr. Forson reaffirmed the government’s commitment to responsible fiscal management and ensuring that the funds are utilized effectively to strengthen Ghana’s financial position.
