Finance Minister Dr. Cassiel Ato Forson has firmly stated that the Mahama-led administration is not seeking to renegotiate or extend Ghana’s current deal with the International Monetary Fund (IMF).
Speaking at a joint press conference, Dr. Forson emphasised that the government’s focus is on successfully completing the existing programme and delivering on its economic recovery goals.
“Our priority is to implement the programme fully and achieve its intended outcomes,” he said. “Renegotiating suggests a lack of faith in the programme—but this administration believes in it and is committed to seeing it through.”
He explained that any move to renegotiate would send the wrong signal about the government’s confidence in the IMF-supported reforms.
In addition, Dr. Forson announced the upcoming launch of a Public Financial Management (PFM) Commitment Control Compliance League Table—a new initiative to track and publicly report how well Ministries, Departments, and Agencies (MDAs) are adhering to the PFM Act.
“We’ve operationalised the Compliance Desk at the Ministry of Finance to monitor fiscal discipline across MDAs. Soon, we’ll publish a league table ranking their compliance levels,” Finance Minister Cassiel Ato Forson noted.
The initiative is part of broader efforts to promote transparency and strengthen public financial management.
The agreement, which awaits approval by the IMF Executive Board, will unlock the disbursement of SDR 267.5 million (approximately US$370 million).
Once approved, this will bring total IMF support to Ghana under the programme to about US$2.36 billion since May 2023.
