Gov’t will be able to exit current IMF Programme by 2026 – BoG Governor

By Esther Korantemaa Offei

Bank of Ghana(BoG) Governor, Dr Johnson Asiama, has assured that Ghana will be able to exit the current programme with the International Monetary Fund (IMF) next year.

According to him, the country is currently ahead of most of the targets and benchmarks under the IMF programme.

The Governor noted that Ghana has worked hard to undertake the necessary reforms to firmly stabilise the economy.

Dr Asiama gave the assurance during an interaction with the IMF’s Director of the African Department, Abebe Selassie, on the sidelines of the IMF/World Bank Annual Meetings in Washington DC.

The discussion formed part of the “Governor Talks Series” organised by the IMF, focusing on Ghana’s recent macroeconomic journey—marked by external shocks, fiscal vulnerabilities, and a challenging global environment.

“We should not forget that when this administration took over, there were concerns that we should cancel the programme, and there were doubts about whether we could carry on with it,” he said.

“But the current developments show that we have delivered and turned things around,” Dr Asiama added.

He further noted that: “The current ECF programme has also introduced a lot of structural reforms, including those designed to strengthen the Bank of Ghana’s operational capacity and its monetary policy framework.”

Ghana signed up for the IMF programme in 2023, which is expected to end in May 2026.

According to the Fund, it has already advanced more than USD2 billion to support the country’s ’s economic recovery.

Dr. Asiama also praised the IMF for the support it has provided to help stabilise the economy.