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HomeGeneralIMF: Ghana’s 2025 Budget Talks Underway, Progress to Be Reviewed in April

IMF: Ghana’s 2025 Budget Talks Underway, Progress to Be Reviewed in April

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, Ghana Street Journal

The International Monetary Fund (IMF) has reaffirmed its commitment to Ghana’s economic recovery as a delegation led by Stéphane Roudet concluded a visit to the country from February 10 to 14.

The mission engaged with key government officials, including President John Mahama, Finance Minister Dr. Cassiel Ato Forson, and Bank of Ghana Acting Governor Dr. Maxwell Opoku-Afari Asiama, to assess Ghana’s progress under the IMF-supported program and discuss policies shaping the 2025 budget.

Following the visit, Roudet stated, “The mission team engaged the Ghanaian authorities on recent macroeconomic developments. It also started discussions on the policies that will underpin the 2025 budget.

“This dialogue is set to continue over the coming weeks.” He emphasized that Ghana’s progress will be formally reviewed in April 2025 as part of the fourth assessment of the Extended Credit Facility arrangement.

READ ALSO: Tax Policy Should Serve Ghana, Not Just the IMF – Ofosu-Dorte Cautions GRA Boss

He also highlighted the country’s efforts in meeting commitments under the program, adding, “We also took stock of the authorities’ progress in meeting key commitments under the Fund-supported program.

“These will be formally assessed in the context of the fourth review of the Extended Credit Facility arrangement, which is expected to be undertaken in April 2025.”

As part of the visit, the IMF team held discussions with various government agencies and stakeholders to evaluate the country’s economic trajectory and ongoing reforms.

Roudet acknowledged the cooperation from all parties involved, stating, “IMF staff held meetings with H.E. President Mahama, Finance Minister Forson, and Bank of Ghana Acting Governor Asiama, and their teams, as well as representatives from various government agencies, and other key stakeholders.

Staff would like to thank the Ghanaian authorities and other stakeholders for their constructive engagement and support during this mission.”

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