Ghana Intensifies Efforts to Meet IMF Review Deadline, Outlines Economic Reforms

Ghana’s Finance Minister, Dr. Cassiel Ato Forson, has reassured that the government is actively working to meet the International Monetary Fund’s (IMF) review scheduled for April. He highlighted the importance of addressing structural benchmarks missed under the previous administration, with corrective measures already in progress to enhance the country’s economic performance and recovery. Forson emphasized that visible changes are expected soon, as the government takes decisive steps to stabilize the economy.

In a recent meeting with Germany’s Ambassador to Ghana, H.E. Daniel Krull, Dr. Forson outlined Ghana’s ongoing efforts to tackle its economic challenges. Discussions focused on the progress in energy sector reforms, Ghana’s debt restructuring, and the strengthening of bilateral cooperation between the two countries. Forson expressed confidence that the country’s structural reforms would be sufficient to meet the IMF’s expectations, underlining the government’s commitment to these goals.

The Finance Minister also provided an update on Ghana’s debt restructuring process, noting significant progress. The primary goal is to finalize bilateral agreements with external creditors. He called for Germany’s assistance in expediting this process, stressing that timely completion of these agreements is crucial for Ghana’s economic recovery and financial stability. Dr. Forson emphasized that these reforms, alongside international partnerships, will help the country regain its financial footing.

Ambassador Krull expressed strong support for Ghana’s efforts, acknowledging the productive discussions and reinforcing Germany’s commitment to helping Ghana stabilize its economy. With continued reforms and international collaboration, Ghana aims to restore macroeconomic stability and achieve long-term sustainable growth, positioning itself for a more resilient economic future.

source: citi newsroom