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Vice President Professor Naana Jane Opoku-Agyemang has held discussions with Heads of International Monetary Fund (IMF) country and regional offices in Africa, using the engagement to reflect on Ghana’s economic journey amid growing global concerns about debt sustainability and development financing.
The meeting, held on January 20, allowed the Vice President to highlight Ghana’s improving macroeconomic outlook and place the country’s recovery within the context of wider continental and global economic developments.
Professor Opoku-Agyemang noted that Ghana’s current economic situation marked a clear departure from the recent past. She pointed to key indicators such as single-digit inflation, a more stable cedi, and stronger real GDP growth as evidence of the turnaround.
She emphasised that these improvements were not merely reflected in macroeconomic data but were increasingly being felt across the broader economy.
According to the Vice President, Ghana is entering a new phase marked by cautious optimism and determination. She explained that the ongoing recovery is anchored in reforms that are nationally owned, supported—rather than imposed—by the IMF, and sustained by the country’s willingness to take difficult but necessary policy decisions.
While acknowledging the continued importance of international financial institutions on the African continent, Professor Opoku-Agyemang observed that recent global and regional developments have underscored Africa’s growing capacity to chart its own development path.
She stressed that this rising self-confidence does not reduce the value of partnerships, but rather highlights the need for cooperation that is mutually beneficial and aligned with Africa’s development priorities.
Reiterating the position of President John Dramani Mahama, the Vice President said Ghana’s engagement with the IMF must gradually move beyond emergency support arrangements.
She further noted that although Africa continues to face structural challenges such as high borrowing costs, the continent also holds significant opportunities, including the transformative potential of the African Continental Free Trade Area (AfCFTA).
Professor Opoku-Agyemang reaffirmed Ghana’s commitment to pursuing greater self-reliance, supported by coordinated, fair, and development-oriented international cooperation.
Source:Omanghana.com
