Ato Forson leads Ghana’s delegation to the 2025 IMF and World Bank Spring Meetings

Ghana's Finance Minister, Cassiel Ato Forson, will lead the Ghana team to the 2025 IMF and World Bank Spring Meetings in Washington, D.C.

This is his first participation since the National Democratic Congress won the 2024 elections.

In a social media post, he stated, “We are here to tell Ghana’s reset story.” He emphasized hard choices, bold reforms, and rebuilding the economy fairly and sustainably.

While in Washington, the Minister will attend several meetings throughout the week.

He shared his itinerary on social media. He will engage in discussions about the global economy, job creation, energy access, and food security.

The Minister plans to meet with development partners, private investors, and international financial institutions.

A key highlight of this trip is his meeting with IMF Managing Director Kristalina Georgieva. They will discuss Ghana’s progress and reform agenda.

Forson aims to show how the IMF can support Ghana's vision for a stronger economy. He will also meet representatives from the Paris Club and credit rating agencies.

In every meeting, he will present Ghana's case clearly: "We are taking responsibility and acting boldly."

In his message to Ghanaians, Forson expressed humility about leading this delegation. He noted that it is their first participation under President John Dramani Mahama's administration.

He highlighted a recent milestone: securing a staff-level agreement with the IMF for $370 million to aid economic recovery. This was achieved despite missing some targets before they took office.

Forson praised his administration's efforts over recent months to reverse fiscal slippages inherited from previous leadership. They have taken bold steps ahead of schedule to stabilize finances.

One priority has been addressing large payables that caused a significant primary deficit in 2024. The government has acted decisively on this issue.

Key measures implemented include:

- Commissioning an audit of outstanding payables by the Auditor-General.
- Amending the Procurement Act for prior authorization on central government procurement.
- Introducing changes to the Public Financial Management Act for debt reduction goals.
- Establishing a Compliance Desk at the Ministry of Finance for monitoring fiscal commitments.
- Publishing a Compliance League Table ranking MDAs based on financial controls adherence.

These reforms aim not only to meet IMF targets but also restore trust in public finances. They lay a solid foundation for future growth.

Many structural reforms expected by late 2024 have already been implemented urgently as part of resetting the economy.

Throughout this week in Washington, Forson will participate in important meetings focused on various economic issues.

He looks forward to engaging with development partners and international financial institutions during these discussions. Thank you!