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Tuesday, June 3, 2025

Channel IMF funds into agriculture to reset economy – Economist to government

Business strategist and financial analyst, Dr Daniel Armateye Anim Business strategist and financial analyst, Dr Daniel Armateye Anim

Business strategist and financial analyst, Dr Daniel Armateye Anim, has backed the government’s decision to prioritise agriculture in the 2025 budget, emphasizing its potential to reset the economy.

Commenting on the expected US$370 million from the International Monetary Fund (IMF), Dr Anim stated that directing these funds into agricultural projects could be a game changer.

Ghana and the IMF reached a staff-level agreement on Tuesday, April 15, 2025, following a review of the country’s progress on key policy reforms and economic targets.

This agreement paves the way for the release of a US$370 million tranche.

The Minister of Finance, Dr Cassiel Ato Forson, following the agreement, revealed that the funds would be directed toward resetting the economy in line with President Mahama’s economic vision.

In an interview with GhanaWeb Business, Dr Anim highlighted the importance of this strategic move in stabilising the economy.

He advised the government to prioritise the country’s agricultural sector using the incoming funds to improve living standards, boost food sustainability, and create jobs along the agribusiness value chain.

“The 2025 budget aims to reset the economy with agriculture as a key driver. If that is the case, then allocating the expected $370 million from the IMF to agricultural projects could significantly enhance food sustainability, create business opportunities, and generate employment along the agribusiness value chain,” he said.

He added, “This strategic move can help stabilize the economy and significantly improve the living standards of the youth.”

SP/MA

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