Following his appointment, Ghana’s newly appointed Finance Minister, Dr. Mohammed Amin Adam, has assured all stakeholders, particularly the International Monetary Fund (IMF), that the country will remain steadfast in its commitment to the current IMF programme.
Dr. Amin Adam assumed office following a ministerial reshuffle announced by President Akufo-Addo on February 14, succeeding Ken Ofori-Atta.
Emphasizing the government’s unwavering determination, Dr. Adam stated, “It is important to note that we are under an IMF programme, and I want to assure the IMF and the business community that I will ensure that the programme remains on track. I will work to ensure that the programme does not suffer.”
Dr. Adam further pledged to execute the pro-poor policies outlined in the 2024 budget. He said, “If you look at the budget that was presented this year, there were a number of pro-poor initiatives, and I do not intend to depart from those pro-poor initiatives. And I will ensure that business follows as usual as it should. We will make sure that we move faster to implement the tax reliefs that were made in the budget, and I am going to make sure the poor are insulated.”
Ghana’s IMF bailout encompasses a comprehensive set of policies and reforms aimed at bolstering economic stability, fostering growth, and creating a conducive environment for sustainable development.
Key components of the programme include measures to combat inflation, reduce budget deficits, and fortify economic resilience.
