IMANI Africa president says Ghana’s economic gains could soon reverse reliance on IMF

President of IMANI Africa, Franklin Cudjoe, has expressed strong optimism about Ghana’s recent economic management, suggesting that the country is making such strides that it could soon support international institutions rather than depend on them.

Commenting on reforms in Ghana’s gold trading and broader fiscal framework, Mr Cudjoe praised the leadership of key state officials, describing them as dedicated patriots working in the national interest.

He singled out the Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, the Minister for Finance, Dr Cassiel Ato Forson, and the Governor of the Bank of Ghana, Dr Johnson Asiamah, for driving what he described as notable economic improvements.

Mr Cudjoe credited the GoldBod system with helping Ghana accumulate significant gold reserves, which he said have cushioned the country against losses recorded under the Gold-for-Oil (G4O) programme and supported the servicing of national debt.

He also pointed to what he described as a marked improvement in Ghana’s debt profile, attributing it to fiscal discipline and effective coordination between the Finance Ministry and the central bank.

According to him, the reduction of Ghana’s debt-to-GDP ratio from 61 per cent to 45 per cent within a year demonstrates that recent policy choices are delivering tangible results and strengthening confidence in the country’s economic direction.

Buoyed by these developments, the IMANI Africa President made a light-hearted yet symbolic remark suggesting that Ghana’s improving fundamentals could soon elevate its standing in the global financial system.