NPP welcomes IMF stability but rejects govt spin, ‘Debt is down, yes, but Ghanaians are still suffering.’
New Patriotic Party has welcomed the stabilisation gains acknowledged by the International Monetary Fund under Ghana’s Extended Credit Facility programme but rejected the government’s presentation of the IMF’s latest assessment. In a statement issued on May 16, 2026, the NPP said Ghana’s transition to a 36-month Policy Coordination Instrument showed the country still required structured policy monitoring to sustain economic gains achieved under the IMF programme initiated by the previous NPP administration in 2023. The party credited measures such as the Domestic Debt Exchange Programme and external debt restructuring for reducing Ghana’s debt-to-GDP ratio from 72.5 per cent in December 2023 to 45.3 per cent by the end of 2025, while disputing claims that the programme derailed in 2024. The NPP also highlighted ongoing fiscal risks, including liabilities in state-owned enterprises, governance concerns and weaknesses in the Bank of Ghana’s balance sheet, and argued that many Ghanaians were yet to feel the benefits of economic stabilisation due to unemployment, high utility tariffs, rising food prices and persistent inflation.
