Ghana has officially commenced the Sixth Review of its programme with the International Monetary Fund (IMF), marking another key step in the country’s economic recovery efforts following the 2022 financial crisis.
The process began with a meeting in Accra between Finance Minister Dr. Cassiel Ato Forson and an IMF mission team led by Dr. Ruben Atoyan.
Speaking at the engagement, Dr. Forson described Ghana’s reform journey under the programme as “transformative,” noting that it has helped to stabilise the economy, restore investor confidence, and renew hope among Ghanaians.
According to the Finance Minister, the IMF-supported reforms have strengthened fiscal discipline and enhanced macroeconomic stability, but he cautioned that the progress achieved must not lead to complacency.
“Progress does not permit complacency,” Dr. Forson said, stressing that the government’s focus is now on sustaining the gains made so far and transitioning into the next phase of structural reforms.
He explained that the government intends to prioritise private sector–led growth, with the aim of converting economic stability into increased investment, job creation, and expanded economic opportunities for citizens.
Dr. Forson also revealed that key policy decisions will be taken before the end of the IMF mission to help shape the next phase of Ghana’s economic reform agenda.
The IMF mission team described the Sixth Review as a major milestone in Ghana’s programme implementation and commended the authorities for the progress achieved despite challenging global and domestic conditions.
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 Dr. Johnson Asiama, and First Deputy Governor Dr. Zakari Mumuni.
The outcome of the Sixth Review is expected to play a critical role in determining the direction of Ghana’s ongoing engagement with the IMF and the country’s broader economic recovery strategy.
Source: businesspostonline
