Bank of Ghana Governor, Dr Johnson Asiama, has promised that Ghana will be able to withdraw from the present International Monetary Fund (IMF) program next year.
He claims that the nation is currently surpassing the majority of the IMF program’s goals and criteria.
The governor observed that Ghana has put a lot of effort into implementing the changes required to stabilize the economy.
On the sidelines of the IMF/World Bank Annual Meetings in Washington, DC, Dr. Asiama provided the assurance while speaking with Abebe Selassie, the Director of the IMF’s African Department.
The discussion formed part of the “Governor Talks Series” organised by the IMF, focusing on Ghana’s recent macroeconomic journey—marked by external shocks, fiscal vulnerabilities, and a challenging global environment.
The governor’s guarantee coincides with concerns that the nation may have to extend the IMF program in order to reassure development partners and investors of the government’s commitment to budgetary restraint.
However, Dr Asiama’s remarks appear to calm such fears.
“We should not forget that when this administration took over, there were concerns that we should cancel the programme, and there were doubts about whether we could carry on with it,” he said.
“But the current developments show that we have delivered and turned things around,” he added.
He further noted that “the current ECF programme has also introduced a lot of structural reforms, including those designed to strengthen the Bank of Ghana’s operational capacity and its monetary policy framework.”
Ghana signed up for the IMF programme in 2023, which is expected to end in May 2026. According to the Fund, it has already advanced more than US$2 billion to support Ghana’s economic recovery.
Dr. Asiama also praised the IMF for the support it has provided to help stabilise the economy.