Ghana’s economic recovery programme with the International Monetary Fund (IMF) has helped stabilise key indicators such as inflation, the exchange rate and foreign reserves, banking consultant Dr. Richmond Atuahene has said.

According to him, the IMF-backed reforms have played an important role in restoring confidence in the economy after Ghana went through one of its toughest economic periods in recent years.

His comments follow the government’s announcement that Ghana has successfully completed its US$3 billion Extended Credit Facility programme with the IMF ahead of schedule. Authorities say the country will now transition to a non-financing Policy Coordination Instrument framework, reflecting improvements in macroeconomic stability and progress towards debt sustainability.

Speaking in an interview on Channel One TV on Monday, May 18, 2026, Dr. Atuahene said the programme had delivered noticeable gains for the economy.

“The programme has shaped us; we have had inflation down, currency stability and the reserves, although we have not been able to do much on the social reforms,” he stated.

He described the development as a positive sign for the country’s economic future, adding that Ghana is gradually moving towards a more stable growth path.

“We’re on the right trajectory, and it’s a good beginning to go into economic growth,” he said.

Dr. Atuahene also reflected on the difficult economic conditions Ghana faced between 2022 and 2023, when inflation surged, the fiscal deficit widened and the cedi came under intense pressure.

“Looking at where we started in 2022-2023, it was terrible as far as inflation was concerned. The fiscal deficit was about 7.9%, and the currency was depreciating like Usain Bolt. Our reserves at one time were $1.7 billion,” he recalled.

Ghana entered the IMF programme at a time when the country was battling rising debt levels, high inflation and declining investor confidence. Since then, the government has implemented a series of fiscal and structural reforms aimed at stabilising the economy, improving revenue mobilisation and restoring market confidence.

Economic analysts believe the next major challenge for the country will be ensuring that the gains made under the IMF programme translate into stronger economic growth, job creation and improved living conditions for citizens.