IMF Boss Commends Ghana – The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has lauded Ghana for its remarkable economic achievements and encouraged the nation to persevere in its current path of development.
During her recent visit to Ghana, Georgieva met with President Nana Addo Dankwa Akufo-Addo and other key officials, including Vice-President Dr Mahamudu Bawumia and Finance Minister Dr Mohammed Amin Adam. The discussions centered on Ghana’s successful implementation of its IMF program, which has yielded positive results in various economic indicators.
Ghana’s economy has shown resilience and exceeded expectations in areas such as growth, inflation, and debt restructuring. Georgieva emphasized the importance of maintaining and solidifying these achievements.
The $3 billion IMF extended credit facility (ECF) secured by Ghana in 2023 has played a crucial role in supporting the country’s economic recovery efforts, particularly in the face of challenges posed by the COVID-19 pandemic and global conflicts.
Georgieva commended Ghana’s leadership for its commitment to inclusive reforms and urged continued unity and collaboration at all levels of government. She highlighted the need for a robust fiscal policy regime, effective debt management, and reforms to leverage technology for economic integration.
President Akufo-Addo expressed confidence in Ghana’s economic trajectory, noting the significant progress made since seeking IMF support in 2022. He underscored the importance of ensuring that economic policies prioritize the interests of the Ghanaian people, especially as the country approaches elections.
In conclusion, Georgieva urged Ghana to capitalize on its current momentum and build on its achievements to further advance its economic development goals. She cautioned against jeopardizing progress with unfavorable deals and emphasized the importance of staying focused on sustainable growth and prosperity for all citizens.
