The International Monetary Fund (IMF) has expressed confidence in Ghana’s ability to sustain fiscal discipline even after the country exits its current programme in May 2026.
The Fund says reforms already introduced provide a strong framework for long-term stability and market confidence.
At a press briefing in Washington, DC, the IMF’s Director of Communications, Julie Kozack, underscored that some of these measures are designed to endure beyond the life of the programme.
“A revamped fiscal responsibility framework, the establishment of an independent fiscal council, and improvement in public financial management, which aims at improving and supporting the efficiency of public spending,” she noted.
She further explained that the new fiscal rules are explicit and binding: “The Fiscal Responsibility Framework includes a primary balance rule that requires an annual primary fiscal surplus of at least 1.5% of GDP, and it also includes a public debt target of 45% of GDP.”
Kozack emphasized that these reforms are crucial for shaping policy choices in the years ahead. “This fiscal responsibility framework provides some guidance for policymakers as they seek to entrench fiscal discipline in Ghana,” she added.
Government has pledged to uphold these commitments as part of efforts to reassure investors, donors, and markets that fiscal credibility will not be lost after programme completion.
Meanwhile, an IMF mission team, led by Ruben Atoyan, has commenced its fifth review of Ghana’s performance under the programme in Accra. The team is expected to spend two weeks engaging officials from the Ministry of Finance and the Bank of Ghana.
