By: Sarah Baafi
Economist and Dean of the Faculty of Accounting and Finance at the University of Professional Studies, Accra, Professor Isaac Boadi, has stressed the need for sustained fiscal discipline and institutional strength as Ghana navigates its exit from the International Monetary Fund (IMF) programme.
Speaking during a panel discussion on Gtv discussions on Ghana Exiting IMF Programme, Prof. Boadi noted that the country’s repeated engagement with the IMF highlights underlying structural weaknesses that must be addressed to ensure long-term stability.
He noted that while IMF-supported programmes have helped stabilise key macroeconomic indicators such as inflation, fiscal deficits, and debt pressures, Ghana’s challenge lies in maintaining discipline beyond external supervision.
According to him, a critical test for Ghana is whether economic management can remain consistent across political cycles, especially during election periods when spending pressures typically rise.
Prof. Boadi further emphasized that Ghana’s economic resilience depends on reducing overreliance on primary commodities such as gold, cocoa, and oil, and instead strengthening value addition and industrial productivity.
He also called for stronger economic institutions capable of enforcing discipline regardless of which government is in power, noting that sustainable development cannot be achieved through short-term policy shifts.
The discussion forms part of ongoing national conversations about Ghana’s path after its IMF programme, with experts urging reforms that ensure long-term stability and reduce the likelihood of repeated recourse to external financial support.
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