President John Dramani Mahama has pledged that Ghana’s current bailout programme with the International Monetary Fund (IMF) will be the country’s last, expressing determination to break a cycle of repeated emergency support requests.
Speaking at the University of Ghana’s 77th Annual New Year School and Conference, he said Ghana is on course to exit the IMF’s Extended Credit Facility around mid 2026.
“We ’ll emerge from the extended credit facility with the IMF towards the middle of this year,” the President stated before academics, policymakers, and students.
He emphasized his administration’s commitment to ensuring Ghana does not return to the Fund for emergency assistance again.
Speaking at the University of Ghana’s 77th Annual New Year School and Conference, he said Ghana is on course to exit the IMF’s Extended Credit Facility around mid 2026.
“We ’ll emerge from the extended credit facility with the IMF towards the middle of this year,” the President stated before academics, policymakers, and students.
He emphasized his administration’s commitment to ensuring Ghana does not return to the Fund for emergency assistance again.
“It is my hope that this will be the very last time we will ever go for a bailout from that international monetary institution,” Mahama said, adding, “It must be the 17th and the last time that Ghana goes for a bailout from the IMF.”
While ruling out future bailouts, the President clarified that Ghana would maintain a working relationship with the IMF through standard oversight mechanisms.
“But it will definitely be the last time we go on our knees to beg for a bailout,” Mahama stated.
Credit: News Ghana
While ruling out future bailouts, the President clarified that Ghana would maintain a working relationship with the IMF through standard oversight mechanisms.
“But it will definitely be the last time we go on our knees to beg for a bailout,” Mahama stated.
Credit: News Ghana
