Ghana is taking steps to exit its International Monetary Fund IMF programme before the end of the year, says the minister of education, Haruna Iddrisu.
Mr Iddrisu made this known while speaking on the country’s economic recovery efforts and ongoing discussions with international partners.
He explained that government has already begun conversations beyond the IMF programme, including engagements with other international financial institutions to support Ghana’s post IMF economic path.
According to him, discussions have taken place with development finance institutions such as the World Bank and the European Development Corporation Fund, which he described as sources of friendly and concessional financing.
Mr Iddrisu noted that these partners have shown strong interest and readiness to support Ghana as it transitions away from the IMF arrangement.
He indicated that preparations are underway for life after the IMF, expressing confidence that Ghana could exit the programme either before the end of August or by the close of the year.
The minister assured that alternative financing options are being explored to ensure economic stability once the IMF programme ends.
He referenced outstanding financial figures, including earnings and cumulative amounts running into billions of dollars, which he noted require careful consideration as part of the transition process.
Mr Iddrisu stressed the need for transparency and prudent management of these finances to protect the national interest and sustain economic gains made under the IMF programme.
He maintained that Ghana’s exit from the IMF must be well planned to avoid setbacks and to ensure that the economy remains stable and resilient going forward.
By: Jacob Aggrey
