Ghana has commenced the sixth review of its programme with the International Monetary Fund, with Finance Minister, Dr. Cassiel Ato Forson describing the country’s reform efforts as a “transformative” journey delivering tangible results.
The Minister formally received an IMF mission team led by Ruben Atoyan in Accra as part of the ongoing assessment of Ghana’s economic programme.
Reflecting on the country’s recovery from the 2022 economic crisis, Dr Forson said the collaboration between government and the IMF has yielded measurable gains.
“It has been a long, demanding, but ultimately transformative journey,” he said, adding that the programme has helped stabilise the economy, restore credibility and renew hope among Ghanaians.
He expressed gratitude to the IMF on behalf of John Dramani Mahama and the people of Ghana, noting that the progress achieved has been underpinned by fiscal discipline and difficult policy decisions taken in the national interest.
While acknowledging the improvements, the Finance Minister stressed the need to sustain momentum and consolidate the recovery.
“Progress does not permit complacency,” he stated.
Dr Forson said the next phase of the programme will focus on unlocking private sector growth at scale, with the aim of translating macroeconomic stability into real benefits for citizens.
“We must ensure that stability translates into more investment, more jobs, and more opportunities for all,” he said, noting that the true measure of recovery goes beyond headline economic indicators.
He added that although key macroeconomic indicators have improved significantly, attention is now shifting to shaping the next phase of reforms.
According to him, critical decisions are expected before the conclusion of the IMF mission to define the trajectory of Ghana’s reform agenda, with emphasis on policy credibility, discipline and investor confidence.
The IMF team described the review as a key milestone and commended Ghana for progress made under the programme, acknowledging the government’s reform efforts.
Also present at the meeting were Deputy Finance Minister Thomas Ampem Nyarko, Chief Director at the Ministry of Finance Patrick Nomo, Governor of the Bank of Ghana Johnson Asiama, and First Deputy Governor Zakari Mumuni.
