We'll excel beyond IMF programme – Dep. Min. Finance

Deputy Finance Minister Thomas Ampem Nyarko has reaffirmed the government's commitment to fiscal discipline. He stated that Ghana can progress without relying on an IMF programme.

During a discussion on Joy FM’s Super Morning Show, Mr. Nyarko talked about President Mahama’s eight economic pillars. He emphasized that the policy framework is robust and flexible. It can also address national priorities like corruption.

Mr. Nyarko assured listeners that the eight points can include corruption and other concerns. He noted that the government has made strong commitments to fight corruption. The omission of this issue does not reflect a lack of commitment from the President.

He explained that President Mahama's stance on Public Financial Management (PFM) signals a strong intent to combat corruption. PFM shows their resolve to tackle this issue effectively.

Mr. Nyarko reminded listeners of initial doubts about implementing the IMF programme when they took office. Major targets, such as inflation and primary balance, had been missed by the previous administration.

Despite these challenges, he highlighted their consistent commitment to implementation. Structural benchmarks set for later in the year were achieved ahead of schedule.

For instance, they amended the Fiscal Responsibility Act earlier than planned. This was completed in March instead of September 2025 as scheduled.

He expressed optimism about securing IMF Board approval at its June meeting. The government remains committed to completing the programme as designed.

Mr. Nyarko reassured Ghanaians that progress under the programme will be maintained after exiting it. They aim to consolidate gains and avoid derailing the economy post-programme.

He emphasized that President Mahama wants to leave behind a strong economic legacy for Ghana. This includes resetting financial foundations for sustainable development.

Exiting the IMF programme does not mean returning to irresponsible management practices, he said. There will be no concealment of information or artificial borrowing space created through hidden debts.

Mr. Nyarko addressed concerns raised by Professor Bokpin and other observers directly. He assured them that exiting the IMF will not lead back into financial mismanagement.

President Mahama has consistently stated this must be Ghana's last turn to the IMF, he concluded confidently.