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President Nana Addo Dankwa Akufo-Addo has assured the public that the recent change in leadership at the Ministry of Finance will not impact the terms agreed with the International Monetary Fund (IMF) regarding the three-year US$3 billion Extended Credit Facility (ECF) aimed at supporting Ghana’s economic policies and reforms.
Following the appointment of Mohammed Amin Adam as the new Finance Minister, replacing Ken Ofori-Atta, President Akufo-Addo emphasized during his State of the Nation Address (SONA) in parliament in Accra on Tuesday that the government remains committed to implementing the terms agreed with the IMF.
“Mr. Speaker, it is important to underline that the recent change in the leadership of the Finance Ministry will not affect the Government’s commitment to implementing the terms agreed with the IMF to ensure that we restore the economy to healthy growth as soon as possible,” President Akufo-Addo stated.
The reassurance comes amid concerns about potential changes in economic policy following the appointment of a new Finance Minister. President Akufo-Addo’s comments seek to allay fears and demonstrate the government’s continued dedication to the economic reform program outlined in the IMF agreement.
