IMF hails Akufo-Addo’s economic reforms, pandemic response

The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has lauded former President Nana Addo Dankwa Akufo-Addo for his administration’s economic reforms and adept management of the COVID-19 pandemic.
In a letter marking the conclusion of Akufo-Addo’s tenure, Georgieva praised the proactive measures implemented under his leadership, emphasizing their critical role in mitigating the pandemic’s economic impact and maintaining macroeconomic stability.

Effective collaboration with the IMF
Georgieva also acknowledged the fruitful partnership between the Akufo-Addo administration and the IMF, noting its contribution to strengthening Ghana’s economic resilience.
She highlighted the importance of the reforms undertaken during his presidency and their long-term benefits for the country’s development.
“The policies and reforms during your administration have laid the groundwork for Ghana’s future. Additionally, your advocacy for the sub-Saharan Africa region during the COVID-19 pandemic helped mobilize the needed resources to respond to the crisis,” Georgieva stated.

Progress toward economic stability

The IMF Chief highlighted the successful completion of the third review of the IMF-supported program under Akufo-Addo’s administration as a significant milestone.
She described the progress made toward restoring macroeconomic stability as a testament to the government’s commitment to critical reforms.
“These achievements reflect your dedication to important reforms, offering a positive outlook for the future,” she added.

A legacy of economic resilience
The recognition from the IMF Managing Director underscores the former president’s contributions to Ghana’s economic stability during unprecedented global challenges.
Akufo-Addo’s leadership during the pandemic and his commitment to reform have been credited with laying a solid foundation for Ghana’s future economic growth.
The letter serves as a testament to the impact of the administration’s policies, reflecting the collaborative success between Ghana and the IMF.