It was a proud moment for Ghana on Saturday, April 26, when the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, warmly praised Finance Minister Dr. Cassiel Ato Forson and his team for their strong leadership and commitment to Ghana’s economic turnaround.
In a meeting that felt more like an endorsement than a formal engagement, Ms. Georgieva highlighted the tough path Ghana has walked and the real progress being made, despite the heavy challenges.
She described the IMF as a “strong partner” of Ghana and reaffirmed the Fund’s continued support for the country’s recovery efforts.
The praise comes just as Ghana secured a staff-level agreement with the IMF on the fourth review of its program — a milestone that, once approved by the IMF Board, will unlock about $370 million to further boost the economy.
For a government that inherited breached benchmarks and shaky targets, the breakthrough reflects a determined push led by President Mahama’s administration to rebuild trust, restore fiscal discipline, and breathe fresh confidence into Ghana’s economy.
Since taking office, Dr. Forson and his team have fast-tracked reforms, delivering key milestones ahead of schedule.
A major focus has been cleaning up the backlog of unpaid bills left over from 2024, plugging financial leaks, and reinforcing spending controls to steer the country back to sustainability.
Also present at the meeting were key players in Ghana’s economic management: Bank of Ghana Governor Dr. Johnson Asiama, Presidential Advisor on the Economy Seth Terkper, and NDPC Chairman Dr. Nii Moi Thompson — all adding their weight to the country’s renewed sense of purpose.
Ghana’s economic recovery journey is far from over, but with the latest endorsement from the IMF, the light at the end of the tunnel just got a little brighter.
