The Acting Deputy Chief Executive Officer of the Gaming Commission of Ghana, Lamtiig A. Apanga, has described Ghana’s exit from the International Monetary Fund (IMF) Extended Credit Facility programme as a partial step away from a financial bailout, insisting that external support will still be required to sustain economic gains.
He argued that although the country has exited the formal IMF financing arrangement, continued cooperation with external partners remains important to stabilise the economy and consolidate progress made under the programme.
Speaking on The Big Issue on Saturday, May 16, Mr Apanga noted that while some political actors have questioned whether Ghana is fully out of the IMF framework, the current stage represents a transition rather than a complete break.
He explained that economic recovery cannot be achieved in isolation, stressing that productivity growth is essential for long-term stability and cannot be driven by government alone without strong private sector participation.
“We all agree that the economy would not bounce back to what it is without certain external support. We can’t have a good economy if we don’t have productivity increasing and government cannot on its own drive productivity,” he said.
According to him, investments in roads, electricity and reliable power supply remain critical to boosting productivity and attracting capital into the economy.
Meanwhile, the Government of Ghana has announced the successful conclusion of the IMF’s Extended Credit Facility programme, marking the country’s transition from a financial bailout arrangement to a non-financing Policy Coordination Instrument framework.
