Update 9 of 10

IMF urges Bank of Ghana to end quasi-fiscal activities following GH¢22bn DGPP losses

Unverified — auto-generated summary, not yet reviewedPolicy & RegulationAug 6, 2026

The IMF has urged the Bank of Ghana to end its quasi-fiscal activities following reported losses of GH¢22 billion under the Domestic Gold Purchase Programme. The pressure signals a tighter monetary policy environment with direct implications for Ghana's startup funding conditions and financial sector credibility.

2 sources

IMF-reported DGPP losses were necessary for economic recovery – Sagnarigu MP · myjoyonline.com · T3
IMF urges BoG to end quasi-fiscal activitiess after GH¢22bn DGPP losses · myjoyonline.com · T3

Story timeline · 10 entries

Aug 9, 2026
Bokpin: ECG Failures Threaten Stability
Bokpin extends structural reform critique to ECG specifically, warning of IMF re-entry risk and calling for transparency on energy utility reforms
Aug 6, 2026This story
IMF Presses BoG on Losses
IMF formally urges BoG to exit quasi-fiscal operations after GH¢22bn DGPP loss disclosure
Aug 4, 2026
Bokpin: Revenue Reforms Falling Short
Prof Bokpin publicly assesses Ghana's IMF revenue reforms as failing a structural test, adding a critical independent voice to the post-ECF reform trajectory
Aug 1, 2026
Forson Flags 2027 Growth Budget
Forson advances fiscal pivot, announcing 'New Economy' growth-focused framing for 2027 budget after earlier warnings against reckless spending
Jul 30, 2026
IMF Validates BoG Lending Limits
IMF acknowledges BoG's cessation of government financing, adding a further macroeconomic stability signal following the IMF's completion of Ghana's final ECF review.
Jul 28, 2026✦ Take
IMF Seals Ghana ECF, PCI Anchor
IMF board completes 6th and final ECF review, formally describing programme as broadly satisfactory and confirming PCI as the reform anchor
Jul 26, 2026
Ghana Budget: Underspend Scrutinised
Deloitte Africa partner and analyst Yaw Lartey each flag a 40% capital expenditure underspend and revenue mobilisation failures in the mid-year budget review, with the GH¢40m creative industry promise also noted as unaddressed.
Jul 24, 2026
Ghana Adopts Post-IMF Policy Anchor
Ghana formalises post-IMF transition by adopting the Policy Coordination Instrument to sustain economic reform momentum.
Jul 24, 2026
Forson Holds Fiscal Discipline Line
Forson reinforces fiscal discipline stance, warning against reckless spending while asserting Ghana is on course to exit its IMF programme.
Jul 23, 2026✦ Take
Ghana mid-year budget presented
Ghana's Finance Minister is presenting the 2026 Mid-Year Budget Review, a document expected to set the fiscal tone for the remainder of the year including any adjustments to tech levies and startup investment conditions. The presentation comes against a backdrop of a GH¢720.8 billion public debt load and a $1.2 billion decline in foreign reserves that opposition parliamentarian Oppong Nkrumah has demanded the Minister explain.