Ghana Pledges To Never Turn to The IMF For Loans Again | Firstpost Africa | N18G

In an address to Parliament, Ghanaian Finance Minister Dr. Cassiel Ato Forson declared a definitive end to the country’s era of financial dependence, vowing that Ghana will never again seek an IMF bailout. This announcement marks a pivotal shift from crisis management to long-term economic stability. After securing a vital 3-year, $3 billion financial lifeline in 2023 to combat skyrocketing inflation and job losses, the administration has implemented aggressive fiscal adjustments. Reforms include halving the number of government ministers, eliminating burdensome consumer taxes, and launching the GoldBod initiative to secure foreign reserves. Backed by a strong 6.0% GDP growth rate in 2025, Ghana is preparing to exit its current lending arrangement. The nation will transition to a non-financing Policy Coordination Instrument with the IMF, relying strictly on policy support and technical advice rather than external loans to fuel its sovereign future. --- Ghana | IMF | International Monetary Fund | Firstpost | News Live | World News | Latest News | Global News | International News | News | Trending News #ghana #imf #internationalmonetaryfund #firstpost #newslive #worldnews #latestnews #globalnews #news #internationalnews #trendingnews Firstpost is an Indian news and media website. Get all the incisive opinions, in-depth analyses and other visual stories that matter to you and the world right here on this channel. Subscribe to Firstpost channel and press the bell icon to get notified when we go live.    / @firstpost   Follow Firstpost on Website: https://www.firstpost.com Follow Firstpost on Instagram:   / firstpost   Follow Firstpost on Facebook:   / firstpostin   Follow Firstpost on X:   / firstpost   Follow Firstpost on WhatsApp: https://www.whatsapp.com/channel/0029...