Minister of Finance, Dr Cassiel Ato Forson has told Parliament that Ghana’s economy has moved beyond its most difficult phase, describing the shift as a transition “from the Intensive-Care Unit (ICU) to the wellness centre”.
Addressing the House on Thursday, May 28, 2026, in an update on Ghana’s engagement with the International Monetary Fund (IMF), the Finance Minister said the country has made “substantial progress in restoring macroeconomic stability and debt sustainability ahead of the original timeline”.
He said the development marks a major turning point in the country’s economic recovery process under President Mahama’s Reset Agenda.
“This is a consequential moment in the life of our nation,” he said, adding that it represents “Ghana’s passage from crisis management to stability, from dependence on financial bailout to partnership in reform, and from uncertainty to renewed confidence in our economic future”.
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The Finance Minister used strong imagery to capture both the severity of the past economic challenges and the current direction of recovery.
“In other words, Ghana has moved from the intensive-care unit (ICU) to the wellness centre,” he stated.
Earlier in his address, he reminded Parliament of the conditions that necessitated IMF intervention in 2022, citing pressure on the cedi, high inflation, weakened investor confidence, and restricted access to international capital markets.
Dr Forson also outlined the government’s evolving relationship with the IMF, noting that Ghana is now transitioning from financial dependence to a reform-based partnership.
He said the country has “evolved from a position of supplicant to one of partner”, stressing that the new arrangement under a Policy Coordination Instrument will focus on policy discipline, regular reviews, and credibility-building rather than financial support.
According to him, the shift will help sustain investor confidence and reinforce Ghana’s economic credibility on the global stage.
Dr Forson further emphasised that macroeconomic stability remains the foundation for growth, jobs, and national prosperity, adding that the progress made so far reflects difficult but necessary reforms.
He concluded that while challenges remain, Ghana’s economic trajectory has clearly shifted from crisis response to consolidation and recovery.
STATEMENT ON GHANA’S NEW ENGAGEMENT WITH THE IMF
— Cassiel Ato Forson (PhD) (@Cassielforson) May 28, 2026
1. Rt. Hon. Speaker, I come before this House to provide an update on the substantial progress we have made in restoring macroeconomic stability and debt sustainability ahead of the original timeline.
2. This address will also… pic.twitter.com/DVOvSUuOD1
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