Ato Forson leads Ghana’s push for investment at IMF–World Bank meetings

Finance Minister Dr Cassiel Ato Forson is spearheading Ghana's efforts at the upcoming IMF and World Bank Group Annual Meetings in Bangkok, Thailand, scheduled from October 12 to 18. The meetings aim to address global economic challenges, with investment, economic reforms and fiscal stability at the forefront of discussions. Joined by Bank of Ghana Governor Dr Johnson Asiama and top officials from the Ministry of Finance and the central bank, the delegation will engage in bilateral talks with senior IMF and World Bank representatives, attend investor briefings, and participate in the sovereign debt roundtable and dialogues with private sector leaders.

The delegation's mission is to fine-tune the country's Policy Coordination Instrument (PCI), a non-financing IMF program, and outline priorities for the government's new economic plan, set to be presented in November's 2027 Budget. Dr Forson aims to showcase Ghana's recent economic successes and dedication to fiscal discipline, while advocating for a more responsive global financial system that caters to emerging and developing economies.

Additionally, civil society representatives, independent economists, and business leaders from Ghana are anticipated to attend the event. The meetings come amid worries over high debt, surging energy costs, and the uneven advantages of the artificial intelligence boom. At a recent Monetary Policy Committee meeting, Dr Asiama promised to utilize the Annual Meetings to refine the PCI and set guidelines for its execution.

He also expressed Ghana's intention to collaborate with African counterparts to progress discussions on reforming the global financial system.