Political Risk Analyst Dr. Theo Acheampong has praised the Ghanaian government for successfully meeting its targets under the International Monetary Fund (IMF) deal. In an interview on JoyNews’ AM Show, Dr. Acheampong commended the government for adhering to the program’s guidelines, calling it a significant achievement.
He emphasized the importance of consistency and adherence to targets to fully reap the benefits of the program for the country. Additionally, he highlighted the necessity of addressing challenges faced during the implementation of the IMF deal in a timely manner to maintain progress momentum.
Ghana recently reached a Staff-Level Agreement with the IMF for the second review of the Extended Credit Facility, paving the way for the release of $360 million, pending approval by the IMF Board. The agreement was reached following meetings in Accra led by an IMF staff team.
Discussions during these meetings focused on assessing reform progress and identifying policy priorities within the framework of Ghana’s three-year program under the Extended Credit Facility. Overall, Dr. Acheampong expressed optimism about the program’s delivery on broad structural quantitative objectives and highlighted the importance of overcoming obstacles promptly for the program to have a positive impact on Ghana’s economy.
