Ghana to Exit IMF Programme with Dignity, Not as Supplicant — Mahama

President John Dramani Mahama has announced that Ghana is on track to exit its International Monetary Fund (IMF) programme by April 2026, citing improvements in key macroeconomic indicators and renewed investor confidence.

Speaking at the Ghana–Zambia Business Dialogue in Lusaka, the President said sustained fiscal reforms have helped stabilise the economy, with inflation declining, foreign reserves strengthening, and business confidence gradually returning.

He noted that the improved outlook positions Ghana to expand trade and investment opportunities, particularly within the African Continental Free Trade Area (AfCFTA).

According to President Mahama, the government’s development agenda is anchored on five key pillars: industrialisation and value addition; export-led growth; modern infrastructure development; strong support for micro, small and medium-sized enterprises (MSMEs), women and youth entrepreneurs; and the creation of a predictable, transparent, and investor-friendly business environment.

“We have restructured our debt to invest in people, not just to service loans. This is what ‘Resetting Ghana’ means, and it is delivering results,” he said.

The President pointed to a sharp decline in inflation from over 23.4 per cent at the end of 2024 to 3.8 per cent in January 2026, as well as improved currency stability, with the Ghanaian cedi appreciating by 32 per cent to rank among the world’s five best-performing currencies in 2025.

He added that Ghana has renegotiated its debt obligations on terms that protect national sovereignty while ensuring long-term sustainability.

“We are steadily exiting the IMF’s Extended Credit Facility with dignity as partners, not as supplicants,” President Mahama stressed.

He further noted that Ghana’s economic recovery has implications beyond its borders, helping to boost regional confidence and integration.

Describing Zambia as a natural partner, President Mahama said complementarities between the two countries particularly in mining, agriculture, energy, and manufacturing present strong prospects for joint ventures, value-chain development, and expanded bilateral trade.