Finance Minister, Dr. Cassiel Ato Forson, is leading the country’s delegation to the 2025 IMF and World Bank Spring Meetings.
This is the first such participation under the new National Democratic Congress (NDC) administration led by President John Mahama.
The meetings come just one week after Ghana secured a staff-level agreement with the International Monetary Fund on the fourth review of its IMF-supported programme.
This agreement is expected to lead to the release of approximately 370 million dollars in support of Ghana’s economic recovery agenda.
What makes the deal particularly noteworthy is that it was reached even though several structural benchmarks and quantitative targets under the programme had been missed before the new administration took office.
The agreement reflects renewed international confidence in Ghana’s direction, largely driven by the swift and targeted actions taken by the new government.
The Mahama-led administration has worked tirelessly to reverse the country’s fiscal challenges.
In many cases, it has fast-tracked the implementation of key structural reforms while introducing additional corrective measures aimed at restoring macroeconomic stability and credibility.
One of the most urgent issues addressed has been the large buildup of payables in 2024, which created a significant primary deficit, far exceeding the modest surplus that had been programmed.
The government has responded with a bold and pragmatic reform package to curb arrears, reinforce spending discipline, and strengthen Ghana’s public financial management system.
Strategic Engagements in Washington
Throughout the week, Dr. Forson and the Ghanaian delegation are scheduled to participate in a series of high-level meetings and discussions. These include engagements with global leaders focused on key areas such as job creation, energy access, food security, and climate resilience.
A major highlight of the week will be a meeting between Dr. Forson and IMF Managing Director Kristalina Georgieva, where Ghana’s progress, challenges, and reform agenda will be discussed in detail.
Additional engagements are also planned with members of the Paris Club, rating agencies, the U.S. Treasury, and other development partners, all aimed at deepening collaboration and strengthening investor confidence.
In all his engagements, Dr. Forson is expected to tell what he calls “Ghana’s reset story”—a vision grounded in restoring and sustaining macroeconomic stability, ensuring debt sustainability, and laying the foundation for stronger and more inclusive growth.
This reset includes protecting the poor and vulnerable, building resilience through ambitious structural reforms, and steering the country toward the broader goal of achieving “The Ghana We Want.”
