Ghana will no longer seek financial bailout from the International Monetary Fund (IMF), the Minister of Finance, Dr Cassiel Ato Forson, has declared. He recounted the severe economic crisis the country suffered in 2022, leading to seeking assistance from the IMF, with the attendant painful sacrifices, all arising from reckless spending, excessive borrowing and poor […]
The International Monetary Fund (IMF) has defended the Bank of Ghana (BoG)’s massive financial losses, stating that its aggressive policy actions were necessary to stabilise the economy during Ghana’s crisis period. Speaking on PM Express Business Edition on Thursday, IMF Mission Chief Ruben Atoyan rejected suggestions that the central bank acted too aggressively in tightening […]
The visiting team from the International Monetary Fund (IMF) has concluded its sixth review mission in Ghana after weeks of engagements with government officials and key stakeholders in Accra. Sources close to the discussions say Ghana made significant progress on several key programme targets and reforms under the IMF-supported Extended Credit Facility (ECF) programme. However, […]
An International Monetary Fund (IMF) staff mission is expected in Accra from April 29, 2026, for Ghana’s sixth and final review under its Extended Credit Facility programme. The mission is expected to stay in the country for about two weeks, with the first official engagements likely to begin on Thursday, April 30, 2026. JOYBUSINESS understands […]
The Ghana National Chamber of Commerce and Industry (GNCCI) CEO, Mark Badu-Aboagye, says Ghana must not return to its old habits after exiting the International Monetary Fund (IMF) programme this year. He warned that failure to manage the economy independently would make the country a permanent client of the Fund. Speaking on Joy News’ PM […]
President John Dramani Mahama has expressed shock at the speed with which his government has been able to turn around the economy, describing the rapid recovery as only by the grace of God. “In my own imagination, I thought it would take about two years to see an economic turnaround. Today, IMF officials themselves are […]
The Ghana cedi emerged as Africa’s best-performing currency in 2025, according to data from the International Monetary Fund (IMF) analysed across more than 20 major economies on the continent. The report has been sighted by Joy Business. The IMF data shows that the cedi appreciated by more than 40 per cent against the US dollar […]
President John Mahama has announced that Ghana’s current programme with the International Monetary Fund (IMF) will be the nation’s final financial rescue package. He pledged to build an economy resilient enough to never again require such intervention. He made these comments at the opening of the University of Ghana’s 77th Annual New Year School and […]
The Executive Board of the International Monetary Fund (IMF) is expected to meet today, December 17, 2025, to consider Ghana’s Fifth Programme Review under the IMF-supported programme. JoyBusiness understands that Ghana secured the board date following a staff-level agreement reached in October 2025, as well as significant progress made on key benchmarks and targets under the […]
Economist Professor Peter Quartey says Ghana’s economy could outperform the growth projections set by the International Monetary Fund (IMF) and the World Bank for 2025. The IMF, in its latest World Economic Outlook, forecasts Ghana’s GDP to grow by 4 per cent next year — slightly below the World Bank’s 4.3 per cent estimate. Both institutions […]
Former Finance Minister Dr. Mohammed Amin Adam has accused the Bank of Ghana (BoG) of printing money to pre-finance the newly established Ghana Gold Board (GoldBod). According to Dr. Amin Adam, this occurred because the government failed to raise sufficient revenue to honour budgeted allocations. Under the 2025 budget, the government allocated US$279 million to […]
The IMF Mission Chief for Ghana, Stéphane Roudet, says Ghana’s economic programme is on track and should end successfully, achieving the targets and structural reforms outlined for the country. “Another thing that has given us some assurance is that necessary laws have been instituted to enhance fiscal discipline going forward,” Roudet stated during a media […]
