Mahama’s Gov’t Credits Akufo-Addo for Stabilising Economy – IMF Report Reveals
IMF discloses that the Mahama-led administration recognises the Akufo-Addo government's role in stabilising Ghana’s economy and supports ongoing reform efforts, sparking fresh political debate over the credit for recent economic gains.
- IMF report reveals Mahama administration acknowledges Akufo-Addo’s role in economic stabilisation
- Current government backs ongoing IMF-supported reforms to address structural weaknesses
- Political debate intensifies as both parties claim credit for recent economic improvements
A recent International Monetary Fund (IMF) report has revealed that the new Mahama-led administration acknowledges the Akufo-Addo government’s efforts in stabilising Ghana’s economy and setting the stage for lasting reforms.
According to the IMF, the current government supports ongoing economic reforms under the Fund’s programme and sees its predecessor as instrumental in creating a foundation to tackle structural challenges and restore investor confidence.
This comes amid renewed political debate over Ghana’s economic direction. While NDC MPs argue that the current gains—such as falling inflation and a stronger cedi—stem from policies initiated under Mahama’s previous term, opposing voices like Kojo Oppong Nkrumah attribute these improvements to temporary fixes, such as large reserve injections.
Despite signs of economic recovery, lawmakers warn that the gains may be fragile. Energy Minister John Jinapor and Dr. Kabiru Mohammed both raised concerns about inflation’s real-world impact and whether recent debt metrics reflect sustainable growth or cosmetic restructuring.
