Ghana's decision to exit the International Monetary Fund (IMF) program prematurely is more about optics than impact, according to Bright Simons, Vice President of policy think tank IMANI Africa.
Speaking on Joy News' PM Express Business Edition on April 24, he dismissed the move as "a political strategy masquerading as economic management." "The IMF will do a victory lap dance, the government will join them.
And then we will conclude by 2028, we will not be able to meet those targets," Bright Simons warned. "But then by that time, we're not in the program." He believes the government's early exit undermines any genuine commitment to achieving the fiscal targets set under the program. "The question then becomes, do we need the program to get to the targets?
Because the targets are still relevant," he said. "I think at that time, the targets will not be relevant.
