The Finance Minister, Dr Cassiel Ato Forson, has said that the government is determined to ensure that the seventeenth bailout from the International Monetary Fund (IMF) will be the last time Ghana seeks help from the Fund.
He says the government is restoring discipline, rebuilding confidence and creating an economy that can support itself.
“Seventeen IMF Bailout Programmes are enough. We are restoring discipline, rebuilding resilience and creating an economy that can stand on its own. The seventeenth Bailout must be Ghana’s last,” he wrote on Facebook.
Similarly, Governor of the Bank of Ghana, Dr Johnson Pandit Asiama, has been touting the economic growth.
For instance, he said that he is particularly encouraged by the continued strengthening of the banking sector.
He said that total banking sector assets increased by 30.7 per cent in June 2026, mainly supported by growth in deposits and shareholders’ funds.
Banks’ solvency has improved significantly, with the Capital Adequacy Ratio increasing to 20.4 per cent in June 2026 from 10.6 per cent a year earlier, he said.
Asset quality has also strengthened, with the Non-Performing Loan ratio declining to 16.1 per cent from 23.1 per cent over the same period.
“These developments reflect the collective efforts undertaken by the institutions represented here today,” he told CEOs of banks duing a meeting in Accra.
Dr Asiama said that the financial conditions have eased significantly. In the money market, interest rates have continued to moderate across various market segments.
These developments are beginning to translate into stronger credit flows to the private sector. Private sector credit grew by 41.2 percent in June 2026, compared with 8.6 percent a year earlier, while real private sector credit growth stood at 34.1 percent.
“This is a significant development,” he said.
He firther stated that fiscal discipline has also continued to provide an important anchor for macroeconomic stability.
Fiscal performance in the first quarter of 2026 broadly reflected strong expenditure restraint, notwithstanding revenue shortfalls, resulting in better-than-targeted balances on a cash basis, he said.
“The continued commitment to expenditure restraint, revenue mobilisation, prudent debt management, and fiscal discipline will be critical to preserving debt sustainability, strengthening investor confidence, and reducing fiscal risks to the macroeconomic outlook,” he said.
Source:Fiilafmonline/3News
