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    Revenue shortfall could threaten final IMF tranche

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    By Ghana News

    Copyright ghanamma

    Revenue shortfall could threaten final IMF tranche

    Economist and private legal practitioner Daniel A. Anim-Prempeh has disclosed that Ghana risks losing the final tranche of its International Monetary Fund (IMF) support program if managers of the economy fail to meet revenue targets.

    According to him, although Ghana has made some progress in revenue generation, the country still falls short of its overall targets.

    An IMF team, led by its mission chief, is currently in Ghana as part of the fifth review of the programme, ahead of the release of the final tranche of US$360 million.

    The review meetings, which began on September 29, 2025, have seen the team engage the Minister of Finance, Dr Cassiel Ato Forson, and the Governor of the Bank of Ghana to assess Ghana’s progress under the programme.

    In an interview with GhanaWeb Business on September 30, 2025, Anim-Prempeh stressed that government must enhance revenue mobilisation, as meeting these targets is crucial to maintaining the terms of Ghana’s IMF agreement.

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    “Revenue targets are significant and will be central to the discussions. The Ministry of Finance should consider strategies to boost revenue generation. Ghana’s inability to meet some of the critical targets could mean we are unlikely to receive the final tranche of the facility. If these targets are fundamental to the agreement, we may be asked to revise or improve them,” he said.

    He further expressed optimism that Ghana could correct its revenue shortfalls, which might allow for some flexibility from the Fund in assessing the programme’s terms.

    “Receiving the final tranche on time is very important. It will help strengthen our reserves at the Bank of Ghana and enhance the value and stability of the cedi against the dollar and other international currencies,” he added.

    The IMF Executive Board approved Ghana’s US$3 billion Extended Credit Facility in May 2023. The programme aims to restore fiscal sustainability through improved revenue mobilisation and efficient spending, protect vulnerable populations, implement structural reforms in taxation and energy, and preserve financial stability.

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