• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, October 7, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

IEA Predicts Ghana May Return to IMF Yet Again

Stephen M.Cby Stephen M.C
August 21, 2025
Reading Time: 3 mins read
Stephen M.Cby Stephen M.C
in Economy
0
IEA Predicts Ghana May Return to IMF Yet Again

Ghana’s economic trajectory has once again come under the spotlight as the Institute of Economic Affairs (IEA) warns that the country risks sliding back into an International Monetary Fund (IMF) programme for the 18th time if urgent structural reforms are not pursued.

Speaking at a Roundtable Discussion on “The Mining Regime in Ghana,” Dr. Charles Mensa, Board Chairman of the IEA, painted a grim picture of Ghana’s fiscal vulnerabilities and repeated reliance on external interventions.

“For the record, we have been to the IMF for the seventeenth time, asking for a bailout, meaning we have gone bankrupt seventeen times,” Dr. Mensa stressed. His remarks highlight a longstanding cycle of dependency that has dogged Ghana’s economic history for nearly six decades.

RelatedPosts

BoG Bets on Cedi Strength, Fiscal Consolidation to Curb Inflation to 8±2% in 2025

Stronger Wallets, Stronger Economy — Domestic Demand Powers GH¢2.09 Billion VAT Surge in 2025

IMF Names Dan Katz as First Deputy Managing Director — A New Era of Global Economic Leadership Begins

A History of IMF Dependence

Ghana’s first engagement with the IMF dates back to 1966, following the overthrow of President Kwame Nkrumah. The new administration, under the National Liberation Council (NLC), sought external assistance from the IMF and World Bank to stabilize the struggling economy.

Since then, successive governments have frequently turned to the Fund to manage fiscal crises, soaring debt, and balance-of-payment shortfalls.

IMF Ghana

The current $3 billion Extended Credit Facility, approved in 2023, marks Ghana’s 17th IMF intervention. While the programme is on course and has offered short-term relief, experts caution that the true test will come in 2026, once the facility ends. If Ghana fails to sustain fiscal discipline and implement deep reforms, the cycle of crisis and bailout may repeat itself.

Structural Weaknesses at the Core

Dr. Mensa was emphatic that Ghana’s overreliance on external support stems from deep-rooted structural deficiencies. Despite being one of the world’s largest producers of gold, cocoa, and other natural resources, Ghana has consistently struggled to translate its wealth into sustainable development.

“We are blessed with abundant resources, but we keep going bankrupt. Why is that? It is because we have no control over our natural resources,” he lamented. The IEA believes that unless Ghana asserts greater ownership and value addition in its resource sectors, particularly mining, the country will remain stuck in a cycle of external borrowing and IMF bailouts.

The IEA is urging government to adopt bold measures to reverse this trend. Among the key reforms highlighted are: Strengthening domestic revenue mobilization to reduce overdependence on external loans; Leveraging natural resource wealth to build long-term fiscal resilience; Implementing strict expenditure controls to tackle waste and inefficiency in public finances; and pursuing industrialization and diversification to reduce Ghana’s reliance on commodity exports.

According to Dr. Mensa, these reforms require strong political will, accountability, and a departure from the short-term fixes that have characterized economic management in Ghana.

ghana 2

The Looming Post-IMF Challenge

While Ghana’s ongoing IMF programme has stabilized the cedi and restored some investor confidence, analysts agree that the toughest challenge lies ahead. Once the $3 billion facility ends in 2026, Ghana will need to prove its ability to maintain fiscal discipline without the watchful eye of the IMF.

Failure to do so could trigger another debt spiral, pushing the country back to the IMF for what would be its 18th bailout.

“If we don’t own our resources, we will continue to operate under this same model and very soon we will go to the IMF again for the 18th time.”

Dr. Charles Mensa

READ ALSO: NNPC Boss Emphasizes Efficiency, Value in Nigeria’s Oil Sector

Please login to join discussion
Previous Post

BoG Drops Bombshell: Banks Barred from Paying Foreign Cash to Corporations Without Deposits

Next Post

UK Government Borrowing Falls But Challenges Loom

[mc4wp_form id="1264"]

Related Posts

NSA Director-General, Ruth Seddoh
General News

NSA Launches New Digital Platform, Registration Opens Tomorrow

October 7, 2025
Carney Meets Trump In Second White House Visit
USA

Carney Meets Trump In Second White House Visit

October 7, 2025
Galamsey Now a Community Venture, CDD-Ghana Warns
General News

Galamsey Now a Community Venture, CDD-Ghana Warns

October 7, 2025
Dentaa Challenges Ghanaians to Join Grammy Recording Academy
Entertainment

Dentaa Challenges Ghanaians to Join Grammy Recording Academy

October 7, 2025
Adidome to Make History as Host of 2025 Mini Hogbe Za Celebration
General News

Adidome to Make History as Host of 2025 Mini Hogbe Za Celebration

October 7, 2025
EU Launches Preparedness Union Strategy
UK

EU New Imports Quota Plan Poses Threat To UK Steel Industry

October 7, 2025
NSA Director-General, Ruth Seddoh
General News

NSA Launches New Digital Platform, Registration Opens Tomorrow

by Evans Junior OwuOctober 7, 2025
Carney Meets Trump In Second White House Visit
USA

Carney Meets Trump In Second White House Visit

by Comfort AmpomaaOctober 7, 2025
Galamsey Now a Community Venture, CDD-Ghana Warns
General News

Galamsey Now a Community Venture, CDD-Ghana Warns

by Silas Kafui AssemOctober 7, 2025
Dentaa Challenges Ghanaians to Join Grammy Recording Academy
Entertainment

Dentaa Challenges Ghanaians to Join Grammy Recording Academy

by Esther Korantemaa OffeiOctober 7, 2025
Adidome to Make History as Host of 2025 Mini Hogbe Za Celebration
General News

Adidome to Make History as Host of 2025 Mini Hogbe Za Celebration

by Stephen M.COctober 7, 2025
EU Launches Preparedness Union Strategy
UK

EU New Imports Quota Plan Poses Threat To UK Steel Industry

by Comfort AmpomaaOctober 7, 2025
NSA Director-General, Ruth Seddoh
Carney Meets Trump In Second White House Visit
Galamsey Now a Community Venture, CDD-Ghana Warns
Dentaa Challenges Ghanaians to Join Grammy Recording Academy
Adidome to Make History as Host of 2025 Mini Hogbe Za Celebration
EU Launches Preparedness Union Strategy
[/vc_row_inner]

Recent News

  • NSA Launches New Digital Platform, Registration Opens Tomorrow
  • Carney Meets Trump In Second White House Visit
  • Galamsey Now a Community Venture, CDD-Ghana Warns
  • Dentaa Challenges Ghanaians to Join Grammy Recording Academy
  • Adidome to Make History as Host of 2025 Mini Hogbe Za Celebration
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.