In this paper, for a multichannel synthetic aperture radar–ground moving target indication (SAR--GMTI) system, a new high-accuracy focusing and relocating method using instantaneous interferometry, i.e., carrying out interferometry operation in the azimuth time domain before focusing, is proposed. One of the key steps of this method is to perform instantaneous interferometry to get accurate equivalent cross-track velocity (ECV) estimation for cross-track motion compensation. After that, the signal from a moving target is concentrated in range, and along-track motion compensation becomes convenient. Motion compensation transforms a moving target into a stationary one; thus, the conventional SAR imaging algorithm can be applied to focus the moving target. Finally, a strategy for accurately relocating a moving target is presented. The processing results of simulated and measured data illustrate the effectiveness of the proposed method.