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Business & Economy

Former Finance Minister Calls for Immediate Release of Full IMF Review Report for Transparency”

Former Finance Minister Seth Terkper urges the government to promptly publish the full IMF second review report for transparency and public awareness of Ghana's economic progress.

Despite Gov’t’s Claim of Reduced Public Debt, Fmr. Finance Minister Says Ghana’s Debt Has Risen by $10B
Dr. Mohammed Amin Adam, former Minister for Finance
Fred Avornyo
Aug 10, 2024

Former Finance Minister Seth Terkper is calling on the government to publish the full report from the International Monetary Fund’s (IMF) second review of Ghana’s economic programme. The review, conducted on June 28, led to the release of a third tranche of $360 million. While the IMF Board has provided a summary of Ghana’s performance, the full report has not yet been made public.

The summary highlighted that Ghana met all quantitative performance criteria for the second review and made good progress on key structural reforms, despite some delays. The IMF emphasized the importance of sustaining economic reforms and maintaining debt sustainability, especially during the upcoming election period. Kenji Okamura, IMF Deputy Managing Director, stressed the need for continued focus on domestic revenue mobilisation, expenditure control, and improved management of State-Owned Enterprises (SOEs).

Mr. Terkper expressed surprise at the delay in releasing the full report, noting its importance for transparency and public awareness. He urged the government to publish the complete report promptly to ensure that citizens are fully informed about Ghana’s progress under the IMF programme.

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