Finance Minister Ato Forson Briefs on Ghana’s IMF Stand and Economic Progress

Finance Minister Dr. Cassiel Ato Forson has briefed on Ghana’s latest economic updates and the country’s current standing with the *International Monetary Fund [IMF]

Speaking after Ghana formally concluded its IMF Extended Credit Facility programme, Dr. Forson said the country has transitioned to a *non-financing Policy Coordination Instrument [PCI]* with the Fund. He described the move as the “definitive end” of Ghana’s financial bailout relationship with the IMF. b965

He told reporters that Ghana’s economy has rebounded strongly, with *inflation easing to 3.2% as of March 2026*, the *cedi appreciating over 40% against the dollar in 2025*, and *public debt declining sharply*. Gross international reserves hit a record *US$14.5 billion in February 2026*, providing nearly six months of import cover. b965

Dr. Forson stressed that while Ghana no longer needs IMF financial support, the PCI will provide technical assistance and policy credibility to help sustain reforms and attract private investment. b965

He cautioned against complacency, saying “indiscipline took Ghana to the IMF” and that government is putting safeguards in place to prevent a return to emergency bailouts. The next phase, he said, will focus on unlocking private sector growth to create jobs and turn macroeconomic stability into real opportunities for citizens.