Ghana to Exit IMF Program by 2026 — President Mahama Confirms at CEO Summit

/ Economic recovery on track as government eyes return to capital markets

👉 Inflation is gradually declining

👉 The cedi has stabilized, with sharp gains against the US dollar

👉 Investor confidence is rebounding

👉 Foreign exchange reserves are improving

President Mahama announces Ghana’s plan to exit the IMF program by 2026, signaling a
new economic direction.

President John Dramani Mahama has confirmed that Ghana is on course to exit the $3 billion IMF bailout program by 2026, as the country continues its path toward economic stabilization and renewed investor confidence.

Speaking at the 9th Ghana CEO Summit in Accra on Monday, May 26, President Mahama expressed optimism about Ghana's economic progress under the three-year Extended Credit Facility (ECF) with the International Monetary Fund.

“We are working diligently to meet all the targets set by the IMF. Our goal is to complete the program as scheduled by 2026,” said President Mahama.

He further stated that the upcoming fourth review of the IMF program in June 2025 is expected to be successful, signaling continued cooperation with the Fund.

Ghana entered the IMF-supported program in 2023, following a severe macroeconomic crisis that included:

๐ Unsustainable debt levels

๐ Rapid depreciation of the Ghanaian cedi

๐ Soaring inflation

๐ Loss of access to international capital markets

The bailout was aimed at restoring macroeconomic stability, achieving debt sustainability, and laying the foundation for inclusive economic growth.

President Mahama announced that following the IMF program’s conclusion in 2026, Ghana will reopen international and domestic capital markets to finance long-term growth and development.

He emphasized the country’s plan to leverage rising global gold and cocoa prices to strengthen reserves and create fiscal buffers against external shocks.

READ ALSO: Road Tolls Are Back! Mahama Unveils New Automated System — “Only 1 Cedi Will Be Charged” 

“We will continue building a resilient economy — one that is prepared for both global headwinds and local challenges,” Mahama stated.

The CEO Summit, attended by top business leaders and policymakers, was themed:
“Leading Ghana’s Economic Reset: Governance for a Sustainable Futuristic Economy.”

The president used the platform to encourage public-private partnerships, entrepreneurial leadership, and innovation-driven governance to build a forward-looking, sustainable economy.

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