By Ashiadey Dotse
Finance Minister Dr Cassiel Ato Baah Forson has revealed Ghana does not expect to seek another financial bailout from the International Monetary Fund (IMF) in the foreseeable future.
According to him, the country has moved from depending on emergency financial assistance to becoming a policy partner with the IMF.
Addressing Parliament on Thursday, May 28, 2026, Dr Forson said President John Dramani Mahama believes Ghana should not return for another IMF bailout after what would be the country’s 17th programme with the Fund.
“It is my hope that this will be the very last time we ever go for an IMF bailout programme,” Dr Forson quoted the President as saying.
He added that Ghana no longer requires IMF financial support at this stage.
“I repeat, no further IMF financial bailout is currently required in the foreseeable future,” he told Parliament.
The Finance Minister disclosed that Ghana has successfully completed the final review of its current IMF-supported programme, awaiting approval by the IMF Executive Board.
He explained that the country will now move from the Extended Credit Facility programme to a Policy Coordination Instrument, which focuses on reforms, policy guidance, and economic monitoring without providing financial support.
According to Dr Forson, the transition shows that Ghana’s economy is improving and no longer depends on IMF funding to remain stable.
“We have evolved from the position of supplicant to one of a partner with the International Monetary Fund,” he stated.
Dr Forson said the recent economic gains were achieved through strict fiscal discipline and reforms aimed at restoring confidence in the economy.
He stressed that government will continue to focus on maintaining economic stability, promoting growth, and preventing future economic crises.
“Fiscal prudence and discipline always deliver results,” he added.
Government says the new direction marks a fresh phase in Ghana’s economic management, with greater emphasis on sustainability, investor confidence, and long-term stability instead of repeated bailout programmes.
