Government has explained that its decision to transition to a Non-Bailout Technical Assistance Policy Coordination Instrument (PCI) with the International Monetary Fund (IMF) is aimed at supporting Ghana’s long-term economic stability and improving the country’s investment profile.

The announcement comes after Ghana successfully completed its Extended Credit Facility (ECF) programme with the IMF on May 15, marking the end of the country’s financial bailout arrangement.

According to a statement from the Presidency, the new PCI arrangement is expected to help Ghana achieve an Investment Grade rating, which would significantly reduce borrowing costs for both the government and private sector businesses.

Government believes the new framework will also help attract long-term institutional investors, boost foreign direct investment, and create access to cheaper financing for major infrastructure projects and private sector expansion.

The statement noted that the programme is not another bailout package but rather a technical support arrangement designed to help Ghana maintain fiscal discipline and strengthen economic reforms after exiting the IMF-supported bailout programme.

Officials say the move forms part of broader efforts to build investor confidence in the Ghanaian economy and sustain the recent gains made in economic recovery and macroeconomic stability.

“Ultimately, this engagement will support government’s effort to accelerate sustainable development, create jobs and raise living standards for all Ghanaians,” the Presidency stated.

The government further stressed that President John Mahama and his administration remain committed to prudent economic management, good governance, fiscal discipline, and creating a favourable environment for both local and foreign investment.

Economic analysts believe that successfully maintaining reforms under the PCI arrangement could strengthen Ghana’s international credibility and improve access to global capital markets in the coming years.