Test for gov’t will come after IMF programme – Abena Osei-Asare
Former Minister of State at the Finance Ministry and Chairperson of Parliament’s Public Accounts Committee, Abena Osei-Asare, says the real test for the government’s economic management will come after Ghana’s current International Monetary Fund (IMF) programme ends.
Her remarks follow recent gains in key macroeconomic indicators including improved growth and inflation trends.
Speaking on The Point of View with Bernard Avle, Osei-Asare stressed the need for government to maintain policy discipline and sustain the current momentum to ensure lasting economic stability.
“Clearly, they are fast forwarding the reforms that we put in place. I am happy that they are going by those reforms and that is what is yielding results. The most important thing is to sustain this beyond the IMF programme.”
“That is where the fear is that beyond the IMF programme have they put in buffers, have they put in systems and strategies that will uphold or maintain whatever they have done. For me I am happy with what they are doing. I will say that the test will come after they have gone off the IMF programme and what they have put in place to sustain it,” she said.
Ghana’s three-year, $3 billion International Monetary Fund (IMF) Extended Credit Facility is expected to conclude in 2026, marking a crucial test of the country’s ability to sustain recent economic gains without external support.
The programme, approved in May 2023, was designed to restore macroeconomic stability, rebuild foreign reserves and place public debt on a sustainable path following Ghana’s worst economic crisis in a generation.
