Ghana's New Finance Minister Plans to Seek Additional IMF Support

January 10, 2025 - 06:49

ACCRA - Ghana's newly appointed finance minister, Cassiel Ato Forson, announced on Thursday that the government may pursue additional funding from the International Monetary Fund (IMF) to stabilize the economy during its ongoing three-year program with the organization. Forson, who was selected by President John Dramani Mahama following his recent election victory, emphasized the importance of collaboration with the IMF, while also seeking to diversify financing sources.

"We are committed to working with the IMF, but we also want to ensure that we can raise financing; additional finance, working with IMF and other domestic, international partners," Forson stated to reporters. His remarks come as an IMF team is currently visiting the capital, Accra, to engage in discussions regarding the economic situation in the country.

The new government's focus on securing extra financial support reflects the ongoing challenges faced by Ghana's economy, which has been under pressure from various internal and external factors.