President John Mahama has declared that Ghana’s current programme with the International Monetary Fund (IMF) will be the country’s final financial bailout, pledging to build a resilient economy that will no longer rely on external rescue packages.
Speaking at the opening of the University of Ghana’s 77th Annual New Year School and Conference, the President said Ghana is expected to exit the ongoing Extended Credit Facility by the middle of the year, describing the moment as a critical turning point.
He indicated that future engagement with the IMF would focus on technical cooperation rather than financial assistance, stressing that sustainable economic strength must be driven by production, inclusion and shared prosperity.
President Mahama also outlined measures aimed at achieving self-reliance, including strengthened domestic revenue mobilisation, improved fiscal discipline and renewed confidence in the financial sector.