President of IMANI Africa, Franklin Cudjoe, has expressed strong confidence in Ghana’s recent economic management, suggesting that the country is making such progress that it could soon be in a position to support international institutions rather than rely on them.
In remarks praising reforms within Ghana’s gold trading and fiscal management framework, Mr Cudjoe commended the leadership of key state officials, describing them as committed patriots working in the national interest.
He singled out Sammy Gyamfi, Chief Executive Officer of the Ghana Gold Board (GoldBod), the Minister for Finance, Dr Cassiel Ato Forson, and the Governor of the Bank of Ghana, Dr Johnson Asiamah, for their roles in driving what he described as significant economic improvements.
“But seriously, Sammy Gyamfi, Ato Forson and Dr Asiama are true patriots,” Mr Cudjoe said, crediting the GoldBod system with helping Ghana build substantial gold reserves.
According to him, these reserves have played a critical role in absorbing losses previously incurred under the Gold-for-Oil (G4O) programme, while also supporting the country’s debt service obligations.
He further pointed to what he described as a significant improvement in Ghana’s debt position, attributing it to prudent fiscal discipline and effective economic coordination between the Finance Ministry and the central bank.
Mr Cudjoe said the progress demonstrated that recent policy decisions were yielding concrete results.
“It is instructive to note that the Finance Minister has diligently reduced the debt of Ghana from 61 per cent of GDP to 45 per cent in a year,” he stated, describing the development as remarkable and encouraging.
Buoyed by these gains, the IMANI Africa President made a tongue-in-cheek but symbolic suggestion about Ghana’s future standing in the global financial system.
“I think we should be loaning money to the IMF, so they can help other less endowed countries,” he said, underscoring his optimism about Ghana’s economic recovery and long-term prospects.
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