President Mahama confirms timeline for IMF programme completion

President John Dramani Mahama has outlined what he describes as the tangible results of Ghana’s economic reform plan, Resetting Ghana, highlighting improvements stability, and national debt management.

“We have restructured our debt to invest in people, not just to service loans,” he said at the Ghana–Zambia Business Dialogue in Lusaka.

“This is what Resetting Ghana means, and it is delivering results.”

The President pointed to a sharp drop in inflation, noting it fell from over 23.4 per cent at the end of 2024 to 3.8 per cent in January 2026.

“We have restored currency stability,” Mahama added. “The cedi has appreciated by 32 per cent, ranking among the five best-performing currencies globally in 2025.”

On Ghana’s relationship with the International Monetary Fund (IMF), Mahama confirmed the country is on track to exit the Extended Credit Facility by April 2026.

“We are steadily exiting the IMF’s programme with dignity as partners, not as supplicants,” he stated.

The President also emphasized the regional impact of Ghana’s economic recovery.

“Our progress has positive implications beyond our borders. It contributes to confidence and integration across West Africa,” he said.

Addressing the prospects for bilateral trade with Zambia, Mahama described the two nations as natural partners.

“There are complementarities between our economies in mining, agriculture, energy, and manufacturing,” he said.

“These areas provide strong opportunities for joint ventures, value-chain development, and expanded trade between Ghana and Zambia.”

Through these reforms, Mahama said Ghana is positioning itself to strengthen not only its domestic economy but also its role within the region.

“We are building Ghana that is resilient, competitive, and capable of sustaining growth for all our citizens,” he concluded.