Ghana cancels 1,800 Public projects after spending review – IMF
The government has discontinued approximately 1,800 public investment projects after conducting a comprehensive review of its development portfolio to improve the efficient use of public funds and reinforce fiscal discipline.
According to the International Monetary Fund (IMF), the exercise is part of ongoing public financial management reforms under Ghana’s economic programme aimed at ensuring scarce financial resources are invested in projects that deliver the greatest economic and social impact.
In its latest Article IV Consultation and proposed Policy Coordination Instrument (PCI) report for August 2026, the IMF revealed that the assessment found a number of projects to be impractical, underperforming or no longer consistent with the government’s development priorities.
The report further indicated that nearly 2,000 additional projects have been rescheduled or redesigned to reflect available financial resources and the government’s implementation capacity.
“The authorities have undertaken a comprehensive review of the public investment portfolio, resulting in the cancellation of about 1,800 projects and the rephasing or rescoping of around 2,000 others,” the IMF stated.
The Fund explained that the restructuring of the project portfolio is intended to improve the overall quality of public investment by directing funding toward initiatives with stronger economic value and greater social benefits.
The review is part of wider efforts to strengthen Ghana’s public investment management framework and tighten expenditure controls as the country continues its fiscal recovery following the completion of its debt restructuring programme.
The IMF also noted that the government is rolling out additional reforms to strengthen procurement processes, improve commitment controls and enhance oversight of public spending to minimise the accumulation of arrears.
According to the Fund, these measures are expected to free up fiscal space for critical infrastructure investments while supporting long-term debt sustainability under the proposed PCI arrangement.
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