The International Monetary Fund(IMF) has stressed that Ghana’s long-term economic stability will depend largely on domestic efforts rather than continued reliance on external support.
Speaking at a press briefing during the 2026 IMF/World Bank Spring Meetings in Washington, Director of the IMF African Department, Abebe Aemro Selassie, said while external interventions such as the country’s three-year $3 billion programme have provided critical support, sustaining the gains remains the responsibility of Ghanaians.
“This is not for the IMF – this is for the people of Ghana the government, private sector and civil society,” he stated, emphasising the need for collective national ownership in maintaining economic progress beyond the programme period.
Mr Selassie noted that the commitments demonstrated under the ongoing programme provide a strong foundation but warned that discipline must be sustained, particularly in managing public finances and avoiding a return to debt vulnerabilities.
He underscored the importance of maintaining a careful balance between addressing development needs and ensuring debt sustainability, describing it as critical to Ghana’s post-programme outlook.
Meanwhile, the Finance Minister, Cassiel Ato Baah Forson, has assured investors that the government remains committed to preserving the recovery gains recorded in recent months.
Speaking on the sidelines of the Spring Meetings, he said the government would deepen structural reforms, enforce fiscal discipline, and prioritise investments that drive economic growth.
“These are not cosmetic gains, they are outcomes of well-thought-through reforms, backed by laws and disciplined implementation,” he said, adding that the progress made in 2025 provides a solid base for sustained recovery.
Dr Forson further highlighted measures to strengthen fiscal management, including efforts to cut wasteful expenditure, reduce the size of government, and enforce stricter spending controls across Ministries, Departments and Agencies.
He added that new oversight structures, such as an Independent Fiscal Council and an Office of Value for Money, have been introduced to enhance accountability and improve the efficiency of public spending.
In a related development, the World Bank has commended Ghana’s macroeconomic stabilisation efforts and signalled its readiness to support the country’s long-term growth agenda.
Vice President for Western and Central Africa at the World Bank, Ousmane Diagana, said the Bank would focus on key sectors such as energy and agriculture under a new Country Partnership Framework.
He stressed that sustaining macroeconomic stability is essential to attracting investment and ensuring that ongoing reforms translate into real benefits for households and businesses.
