A high-powered delegation from Ghana comprising the country’s topmost economic managers, are in Washington DC, to attend the 2025 edition of the Annual Meetings of the World Bank Group and the International Monetary Fund.
The delegation will expectedly be led by Finance Minister Dr Cassiel Ato Forson and the Governor of the Bank of Ghana, Dr Johnson, Pandit Asiama, the two positions that traditionally lead in Ghana’s discussions at the annual forum. Several other high-level officials are expected to be on the delegation.The meetings will last from Monday October 13 to Saturday, October 18.
The Ghana delegation will be very busy during this period, engaging in a series of top-level meetings with multilateral institution chieftains, counterparts from the country’s international development partner countries and the international investment community.
Ghana’s most important meetings will be with the IMF’s senior management up to the Executive Directors level, as explicitly foreseen since the Spring Meetings held in April. Staff-level meetings will also take place to discuss the status of Ghana’s ongoing Extended Credit Facility programme and the implementation of reforms. The ECF programme ends next year.
On Friday last week it was announced that the IMF had reached a staff level agreement to conclude the 5th review of the ECF with Ghana. An International Monetary Fund (IMF) staff team, led by Mr. Ruben Atoyan, held meetings in Accra from September 29 to October 10, 2025, to discuss progress on the authorities’ policy and reform priorities in the context of the fifth review of Ghana’s 3-year program under the Extended Credit Facility.
This staff –level agreement is subject to IMF Management approval and Board consideration. Upon completion of the Executive Board review, Ghana would have access to about US$385 million bringing the total IMF financial support disbursed under the arrangement, since May 2023 to about US$2.825 million.
The Ghana delegation will want to pressure the IMF Board to accelerate the approval process to get access to that disbursement.
Importantly, the staff level agreement implies that the BoG has the acquiescence of the IMF to carry out its announced US$1.15 billion forex liquidity injection into the local market to support the cedi’s exchange rate in the face of customary rising demand for forex ahead of the year’s end.
Meetings will also be held with officials of the World Bank Group – including its private sector financing arm, the International Finance Corporation – as well as possible meetings with other regional or thematic development banks with interest in Ghana such as the African Development Bank.
The Ghanaian delegation will likely take advantage of the momentum achieved last week with its reaching of a bilateral debt restructuring agreement with Spain to meet with other bilateral development partners who comprise the Paris Club of official creditors. Since the meetings are taking place in Washington, Ghana will want to take advantage and meet with US treasury officials, for example.
The programme for the meetings also includes “African Caucus” events where Ghana may engage with peers from West Africa and other African countries to coordinate positions
Finally, meetings will likely take place with commercial creditors (the London Club), international investors and the sovereign credit ratings agencies that track Ghana.
Key focus areas for the delegation include job creation and inclusive growth, energy access and food security, and climate resilience and green financing. These engagements aim to secure additional support for Ghana’s economic recovery and long-term stability.
Keystones of the Annual Meetings are the Plenary session, the Development Committee and the International Monetary and Financial Committee meetings. Other featured events include regional briefings, press conferences, and fora focused on international development, the global economy, and financial markets.
