IMF didn’t fix everything, but it stopped the bleeding, Atuahene says Ghana’s exit is real, not just optics.
A banking consultant, Dr. Richmond Atuahene, has said the International Monetary Fund (IMF) programme has played a key role in stabilising Ghana’s economy by improving inflation, exchange rate performance, and foreign reserves following the successful completion of the country’s $3 billion Extended Credit Facility. Speaking on Channel One TV’s The Point of View, he noted that although social reforms were limited, the programme helped improve macroeconomic stability and put the economy on a positive growth trajectory, especially after the severe economic pressures experienced in 2022–2023, when inflation was high, fiscal deficits widened, and the cedi depreciated sharply. He further indicated that Ghana’s exit from the IMF programme ahead of schedule and transition to a policy coordination framework reflects restored stability and progress toward debt sustainability, while government officials have attributed the recovery to aggressive fiscal and structural reforms, including expenditure rationalisation and measures aimed at restoring investor confidence.
