Economist and Finance Professor, Godfred A. Bokpin, has urged the government to renegotiate Ghana’s current International Monetary Fund (IMF) programme, arguing that its design does not adequately support the country’s long-term growth and poverty reduction efforts.
According to Prof. Bokpin, while the IMF-backed economic framework may help stabilize Ghana’s macroeconomic environment in the short term, it is not structured to align with the government’s new policy direction and development priorities.
“The IMF-supported programme, in its current form, will provide some level of macroeconomic stability, but it is not structured in a way that aligns with the government’s new mandate and growth ambitions. It must be renegotiated,” he said.
Prof. Bokpin cautioned that the government’s attempt to fully implement its manifesto commitments within the constraints of the IMF programme could create serious policy conflicts and disrupt economic recovery.
He stressed that balancing fiscal discipline, economic growth, and poverty alleviation within the existing IMF framework would be difficult, making renegotiation essential to ensure Ghana’s development objectives are not compromised.
His remarks come at a time when Ghana is undergoing IMF-backed economic reforms, including measures to reduce fiscal deficits, stabilize inflation, and restore investor confidence.
However, concerns remain about the programme’s impact on key government policies, social spending, and private-sector growth.
