President John Dramani Mahama has reiterated his administration’s commitment to sustaining fiscal discipline after Ghana’s anticipated exit from the International Monetary Fund (IMF) program by 2026. Addressing the 9th Ghana CEO Summit, themed “Transforming Business and Governance for a Sustainable Futuristic Economy,” on May 26, Mahama emphasized the importance of prudent government spending and borrowing practices.
“Completing the IMF program with discipline, we will continue the discipline in government expenditure and borrowing and work to achieve all targets under the extended credit facility program with the IMF,” he stated. Mahama also highlighted that the government aims to complete the fourth review of the IMF program by June 2025, a crucial milestone toward final program completion.
“Afterwards, we will participate in Article IV consultations and adopt the Policy Support Instrument framework, signaling Ghana’s return to responsible, non-borrowing engagement with the Fund,” he added. Mahama’s comments come as Ghana nears the final stages of the IMF-supported program, with stakeholders closely monitoring the government’s economic recovery and reforms management.
The government’s commitment to fiscal discipline is expected to ensure a smooth transition post-IMF program and maintain economic stability. With the program’s completion, Ghana aims to demonstrate its ability to manage its economy responsibly without external support. Mahama’s administration is keen on upholding the discipline acquired during the IMF program to achieve sustainable economic growth and development.
