Mahama announces post-IMF economic reset, targets 1% of GDP for key investments
President John Dramani Mahama has announced that Ghana has officially transitioned out of its International Monetary Fund (IMF) programme and is now entering a new phase of economic policy focused on domestic-led growth, fiscal discipline, and targeted strategic investments.
Speaking during a meeting with the Northern Regional House of Chiefs at the Presidency, President Mahama described the development as a “policy reset moment” aimed at strengthening Ghana’s long-term economic resilience and reducing dependence on external support frameworks.
“We’ve concluded the IMF programme, and we are now moving into a policy coordinating instrument that creates space for strategic national investments,” President Mahama said.
He explained that under the new framework, government will commit approximately 1% of Gross Domestic Product (GDP) to priority sectors designed to stimulate productivity, create jobs, and expand infrastructure. Key among these areas, he noted, is commercial agriculture and agro-processing.
According to him, the agriculture sector remains central to the government’s post-IMF strategy, particularly in regions with vast arable land and strong production potential.
“One of the areas that has been identified is commercial agriculture. We have vast arable lands, especially in the northern parts of the country, and this will be a major focus for large-scale investment and agro-industrial development,” he said.
President Mahama added that the policy shift is intended to ensure more efficient use of public resources, stronger coordination of development programmes, and improved accountability in project implementation.
He also emphasised that the new approach would prioritise value for money and measurable outcomes, particularly in infrastructure and productive sectors of the economy.
