Finance Minister, Dr. Cassiel Ato Forson, says he is very proud of the significant gains the country has made in its economic recovery, yet cautious of risks that can derail the gains.
This sentiment of the Finance Minister comes as the country begins the fifth review of the IMF-supported programme.
Ahead of the review, he says Ghana has achieved significant progress, but the achievement is threatened by both domestic and global risks.
Earlier today, the Minister received the IMF Mission team, led by Dr. Ruben Atoyan, marking the official start of a critical evaluation that will shape Ghana’s economic trajectory in the months ahead.
This is the last review of the program and it comes at a time when Ghana’s macroeconomic landscape shows signs of cautious recovery.
The Minister proudly touted that key indicators are “pointing in the right direction,” reflecting improvements in fiscal management, exchange rate stability, and inflationary trends.
“We began the year with many challenges, but together we have been able to steady the tide and make significant progress. While we acknowledge that risks remain, we are committed to doing all we can to address them,” he indicated.
He added, “Encouragingly, the indicators point in the right direction, and this mission provides us with an important opportunity to receive valuable feedback on the work we have done so far in serving the people of Ghana.
The IMF’s assessment will provide valuable feedback on how far Ghana has come in meeting the programme’s benchmarks. For the government, it represents more than a technical review as it is also a confidence test for international investors, development partners, and the Ghanaian public.
Dr. Atoyan, who heads the visiting IMF team, expressed confidence in the process, noting that the mission is looking forward to “engaging deeply in the review over the coming days.”
The successful review will unlock the last tranche of the US$3 billion support tied to the programme’s successful execution. This means that the stakes are high.
A positive outcome would reinforce Ghana’s recovery narrative, while any setbacks could slow investor confidence and reform momentum.
Meanwhile, the Finance Minister assured that the government remains committed to delivering on its promises, steering the economy through uncertainty, and ensuring that the programme delivers tangible improvements for ordinary Ghanaians.
