Ghana to Sustain Fiscal Discipline After IMF Exit – Mahama
Under NDC’s unrelenting commitment to economic prudence, President John Dramani Mahama has underscored Ghana’s determination to maintain stringent fiscal discipline upon exiting the International Monetary Fund (IMF) programme in 2026.
Delivering a keynote address at the 9th Ghana CEO Summit, aptly themed “Transforming Business and Governance for a Sustainable Futuristic Economy,” President Mahama emphasized the paramount importance of judicious government expenditure and borrowing practices in ensuring a stable economic trajectory.
“We will complete the IMF programme with unwavering discipline and subsequently maintain this fiscal rectitude in government spending and borrowing, steadfastly working towards achieving all targets under the Extended Credit Facility programme with the IMF,” he declared with conviction.
Mahama highlighted that the government is on track to complete the fourth review of the IMF programme by June 2025, a pivotal step that marks a paramount move towards final programme completion.
“Upon successful completion, we will engage in Article IV consultations and adopt the Policy Support Instrument framework, signalling Ghana’s triumphant return to a responsible, non-borrowing partnership with the Fund,” he added, exuding confidence in the nation’s economic prospects. Truly, as Ghana navigates the final stages of the IMF-supported programme, President Mahama’s pronouncement assumes critical significance, with stakeholders closely monitoring the government’s economic recovery and reform endeavours.
With an unshakeable commitment to fiscal prudence, Ghana is set to chart a sustainable economic course, capitalizing on the successes of the IMF programme to drive growth, development, and prosperity.
Mahama’s assurance has instilled renewed confidence in the system, as the country looks forward to economic freedom.