The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has commended former Finance Minister Dr. Mohammed Amin Adam for his pivotal role in implementing Ghana’s IMF-supported programme.
In a letter dated January 8, 2025, Georgieva praised Dr. Adam, stating, “Your efforts have not only strengthened Ghana’s economy but have also inspired confidence in the country’s future.”
She acknowledged his unwavering dedication to the programme, noting that his work contributed to higher, more inclusive growth, positively impacting Ghanaians.
Georgieva also expressed confidence in Dr. Adam’s potential to make a meaningful impact as a Member of Parliament, adding, “Your passion for public service and steadfast commitment will serve as an inspiration for many.”
She concluded by wishing him continued success in his future endeavours.
The letter from IMF Managing Director Kristalina Georgieva comes at a time when Ghana has successfully passed three reviews under its ongoing IMF programme, unlocking nearly $2 billion in financial support.
In its third review statement, the IMF highlighted that Ghana’s performance under the programme has been generally satisfactory, with ongoing reform efforts showing positive results.
The IMF noted significant progress in debt restructuring, rapid economic growth recovery, and a decline in inflation, although at a slower pace.
Additionally, Ghana’s fiscal and external positions have continued to improve.
However, the IMF emphasised the importance of maintaining macroeconomic policy adjustments and reforms to fully restore and sustain macroeconomic stability in the long term.
Ghana entered into the IMF programme on May 17, 2023, with the aim of securing $3 billion to help bring its debt to sustainable levels.
Dr. Mohammed Amin Adam, who was appointed substantive Minister of Finance in February 2024, played a crucial role in this process.
Before his elevation to the Finance Ministry, he served as Minister of State at the Ministry of Finance. Dr. Adam succeeded Ken Ofori-Atta, who served as finance minister for seven years.
Dr. Adam is a seasoned economist, energy and petroleum policy expert, and advocate for resource governance.
