The Deputy Ranking Member on Parliament’s Finance Committee, Dr Gideon Boako, has challenged the government’s assertion that Ghana’s recent macroeconomic recovery is primarily the result of its economic management, arguing that the International Monetary Fund (IMF) attributes the progress to a combination of factors.
Speaking on JoyNews’ Newsfile on Saturday, July 25, during a discussion on the 2026 Mid-Year Budget Review presented by Finance Minister Dr Cassiel Ato Forson, the Tano North MP said the government’s narrative does not fully reflect the IMF’s own assessment of Ghana’s economic programme.
According to Dr Boako, while the IMF has acknowledged the current administration’s implementation of the economic programme, it has consistently attributed the country’s improving economic indicators to a broader mix of continued programme implementation, debt restructuring, fiscal consolidation, structural reforms and favourable external conditions.
“The IMF itself commends the government’s implementation of the programme, and that achievement should be acknowledged.”
“However, the same IMF also attributes Ghana’s recovery to a combination of continued programme implementation, debt restructuring, fiscal consolidation, structural reforms and favourable external conditions. The evidence therefore supports shared causation rather than the claim that superior economic management alone explains the turnaround,” he said.
Dr Boako further argued that the IMF programme established the macroeconomic framework within which the current administration has operated, while debt restructuring significantly improved Ghana’s fiscal and financing conditions.
He maintained that portraying the recovery as the product of government policy alone overlooks the contribution of these critical interventions.
