The Vice President, Professor Naana Jane Opoku-Agyemang, has called for a stronger and more balanced partnership between Ghana and the International Monetary Fund (IMF) as the country works to consolidate its economic recovery.
She made the call yesterday during an engagement with Heads of IMF country and regional offices in Accra.
Discussions focused on Ghana’s improving economic conditions, debt challenges, and the future of development finance on the continent.
The Vice President remarked that Ghana’s economy had improved significantly compared to the recent past, pointing to single-digit inflation, a more stable cedi, and stronger real Gross Domestic Product growth.
She noted that these gains were real and being felt across the economy, rather than existing only as macroeconomic indicators.
Professor Opoku-Agyemang added that the country was entering a new phase with cautious optimism and determination, supported by reforms that were nationally owned and driven by difficult but necessary policy choices.
She stressed that while the IMF remained an important partner, Ghana’s recovery was rooted in decisions taken at home.
She acknowledged the continued relevance of international financial institutions in Africa but observed that recent global and regional developments showed growing confidence across the continent.
According to her, Africa was increasingly ready to take greater responsibility for its own development.
The Vice President explained that this confidence did not reduce the value of partnerships, but instead called for cooperation that was fair, responsive, and aligned with Africa’s priorities.
She mentioned that such partnerships must move beyond short-term emergency support to long-term development and resilience building.
Reaffirming the position of President John Dramani Mahama, she said Ghana’s relationship with the IMF must evolve beyond crisis-driven arrangements.
She noted that while Africa continued to face structural challenges, including high borrowing costs, the continent also had strong opportunities.
Among these opportunities, she highlighted the African Continental Free Trade Area as a key driver of growth and transformation.
She said Ghana remained committed to pursuing self-reliance, supported by coordinated and development-oriented international cooperation.
The engagement formed part of ongoing dialogue between Ghana and its development partners as the country works to secure sustainable recovery and long-term economic stability.
BY AGNES OPOKU SARPONG
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