The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has commended Ghana’s Finance Minister, Dr. Cassiel Ato Forson, and his team for their “strong commitment to the Fund-supported programme and reforms aimed at restoring macroeconomic stability.”

During a meeting held on Saturday, Georgieva praised Dr. Forson's leadership and highlighted the significant strides Ghana has made under difficult circumstances.

She reaffirmed the IMF’s ongoing support, declaring, “The IMF remains a strong partner of Ghana.”

Her remarks come on the heels of the announcement that Ghana has reached a staff-level agreement with the IMF on the fourth review of its Fund-supported programme.

Upon formal approval by the IMF Executive Board, the agreement will enable the disbursement of approximately $370 million to Ghana.

The achievement marks a significant milestone for the Mahama administration, which inherited an economy that had breached several structural benchmarks and quantitative targets under the original programme. Since assuming office, the administration has moved swiftly to reverse the economic decline, implementing structural reforms with impressive urgency and delivering results ahead of schedule.

One of the key challenges addressed by the government was the large backlog of unpaid commitments in 2024, which had caused a major primary deficit rather than the modest surplus initially targeted.

In response, the administration introduced bold, pragmatic measures aimed at restoring fiscal discipline, strengthening expenditure controls, and rebuilding budget credibility to ensure fiscal and debt sustainability.

In addition to stabilising the macroeconomic environment, the government has already completed several structural reforms that were originally scheduled for late 2024 and early 2025, demonstrating a strong commitment to economic recovery.

Present at the meeting alongside Dr. Forson were the Governor of the Bank of Ghana, Dr. Johnson Asiama, Senior Economic Advisor Seth Terkper, and the Chairman of the National Development Planning Commission, Dr. Nii Moi Thompson.