Ghana is preparing to shift its economic focus from stabilisation under its International Monetary Fund programme to job creation and growth, Finance Minister Cassiel Ato Forson said on Monday, following completion of the sixth review of the country’s IMF-supported arrangement.
Speaking at a joint briefing with the IMF in Accra, Forson said the government now considers the stabilisation phase largely complete, citing progress made under the programme and endorsement from the Fund.
“Clearly, the stability is done. We’ve announced same. It’s been confirmed even by the Fund,” he said.
He said policy attention would now move toward employment creation and economic expansion as the next phase of government strategy.
“It’s now time for us to develop and create jobs, and that is where we are going,” he added.
Ghana and the IMF have reached a staff-level agreement on the sixth review of the programme, with discussions ongoing on a transition to a Policy Coordination Instrument (PCI) after the current arrangement ends. The PCI is expected to support continued policy discipline without direct financing, marking a shift away from crisis management and fiscal consolidation.
Forson also said government is preparing a new flagship policy framework called the “New Economy”, which will focus on development, investment and job creation, and is expected to be unveiled in the coming days.
The proposed framework is intended to guide Ghana’s post-IMF economic direction, as authorities seek to convert recent macroeconomic stability into stronger employment outcomes and improved living standards.
