Dr Cassiel Ato Forson, the Finance Minister, has declared that Ghana’s economy has moved from the Intensive-Care Unit (ICU) to the wellness centre.
According to Ato Forson, Ghana has made substantial progress in restoring macroeconomic stability and debt sustainability ahead of the original timeline.
He declared that no further IMF financial bailout will be required in the foreseeable future.
Ato Forson made this known while addressing parliament in an update on Ghana’s engagement with the International Monetary Fund (IMF).
Addressing the House on Thursday, May 28, 2026, Ato Forson, in his closing remarks, stated, “Consequently, no further IMF financial bailout will be required in the foreseeable future. I repeat, no further IMF financial bailout will be required in the foreseeable future.
We have evolved from a position of “supplicant” to one of “partner”.
Mr. Speaker, it is therefore my singular honour to announce to the House that Ghana has successfully concluded the final review of the current IMF financial bailout programme, pending approval by the IMF Executive Board.
Mr. Speaker, as Ghana moves beyond the Extended Credit Facility, our engagement with the International Monetary Fund will transition to a reform-focused, non-financing Policy Coordination Instrument.
The Policy Coordination Instrument is a non-financing IMF instrument designed for countries that do not require IMF financing but seek a credible framework for reform, regular policy reviews, and a stronger signal to investors and development partners.
For Ghana, this marks an important shift—from seeking financial bailout to engaging as a credible reform partner—while continuing to benefit from policy discipline, external validation, and strengthened investor confidence.
Mr. Speaker, the PCI will enable us to continue leveraging the IMF’s regular policy assessments and expertise as a signal to investors, thereby certifying the credibility of our stewardship and further strengthening our credit rating.
In other words, Ghana has moved from the intensive-care unit (ICU) to the wellness center.
Mr. Speaker, to build on this hard-won foundation of stability, President Mahama’s administration has designed a new economic programme, The New Economy, to be unveiled in the 2027 Budget.
The New Economy will move Ghana from stabilization to transformation, with a clear focus on sustainable jobs, higher productivity, greater resilience, and broad-based prosperity.
Mr. Speaker, President Mahama is deeply grateful to Ghanaians for their sacrifice, patience, and steadfast forbearance.
We do not take their support for granted.
Mr. Speaker, our solemn pledge is that we will not be complacent; we will continue the hard work of building the Ghana We Want.
May God bless our homeland Ghana. I thank you, Mr. Speaker”.
See the post below:
STATEMENT ON GHANA’S NEW ENGAGEMENT WITH THE IMF
— Cassiel Ato Forson (PhD) (@Cassielforson) May 28, 2026
1. Rt. Hon. Speaker, I come before this House to provide an update on the substantial progress we have made in restoring macroeconomic stability and debt sustainability ahead of the original timeline.
2. This address will also… pic.twitter.com/DVOvSUuOD1
33. Consequently, no further IMF financial bailout will be required in the foreseeable future. I repeat, no further IMF financial bailout will be required in the foreseeable future.
— Cassiel Ato Forson (PhD) (@Cassielforson) May 28, 2026
34. We have evolved from a position of “supplicant” to one of “partner”.
35. Mr. Speaker, it is…
