Finance Minister Dr Cassiel Ato Forson has told Parliament that Ghana’s economy has moved "from the Intensive Care Unit to the Wellness Centre," describing the shift as evidence of recovery following the IMF‑supported programme.

Speaking during Parliamentary proceedings on Thursday, May 28, he said the metaphor captures progress since the 2022 crisis that required a $3 billion IMF rescue.

Dr Forson noted that inflation fell to 12.1% in August 2025 from 23.8% in December 2024, the lowest rate in 46 months, while real GDP expanded by 5.3% in the first half of 2025, up from 4.9% a year earlier, as non‑oil growth reached 6.8%.

He announced that Ghana has completed the final review of its 17th IMF programme and expects a staff‑level agreement before the end of September. He described the completion as a "critical turning point" and said President John Mahama has made clear this should be the nation’s last IMF bailout.

To maintain market confidence, the minister said Ghana will transition to a Policy Coordination Instrument (PCI) with the IMF, a monitoring arrangement without disbursements that signals continued adherence to agreed economic targets.

Dr Forson confirmed that all quantitative performance criteria and structural benchmarks under the final review have been met, paving the way for the IMF Executive Board’s consideration next month.

Recalling the difficulties that led to the three‑year Extended Credit Facility in May 2023, he said the programme’s focus on debt restructuring, fiscal consolidation and reforms is yielding results.

He cited a reduction in the debt‑to‑GDP ratio from 61.8% in December 2024 to 43.7% by July 2025.

He urged Parliament to continue supporting reforms and said the government’s post‑IMF priorities will be jobs, infrastructure, protection for the vulnerable and safeguarding macroeconomic stability.

“We will not seek an extension or a new programme when the current $3 billion Extended Credit Facility expires in May 2026, responsible policymaking will continue.

“The PCI will reassure investors that Ghana remains committed to prudent macroeconomic management after the IMF programme ends.

"The sacrifices made by Ghanaians are beginning to yield results, as has reduced the debt-to-GDP ratio from 61.8% in December 2024 to 43.7% by July 2025," he said.