IMF Endorsement Shows Ghana’s Economy on the Right Track – Sammy Awuku Defends NPP Legacy
By Top Knowledge Media | April 17, 2025 In a spirited defense of the New Patriotic Party’s (NPP) economic track record, Akuapem North MP, Sammy Awuku, says Ghana’s recent 5.7% growth rate stands as solid proof of the sound policies implemented under the previous Akufo-Addo-led government.
His remarks follow the conclusion of the 4th review mission between the International Monetary Fund (IMF) and the Government of Ghana, which culminated in a Staff Level Agreement that acknowledged the country’s impressive rebound and macroeconomic stability.
Calling Out Misrepresentation
In a recent public statement, Awuku took aim at the opposition National Democratic Congress (NDC), accusing them of deliberately distorting economic data during both the 2025 Budget Statement and President Mahama’s State of the Nation Address.
“The NDC claimed we had derailed from the IMF programme and pushed the narrative of economic collapse,” he said. “But the IMF’s own review reveals the opposite: Ghana is on a recovery path—one laid by the strategic reforms of the NPP.”
IMF Report: A Positive Picture
The IMF’s report, which outlines key economic gains, revealed that Ghana’s GDP grew by 5.7% in 2024, exceeding the original 4% projection. The uptick was driven by growth in the mining and construction sectors, robust gold exports, and stronger remittance inflows, which helped boost Ghana’s foreign reserves to a notable $8.9 billion, the highest seen in years.
Awuku hailed this as a testament to resilience and forward-thinking leadership.
“This is not just recovery; it is a revival. And it’s rooted in the prudent economic decisions taken by the NPP government,” he explained.
Looking Ahead to 2028
Awuku didn’t just look back—he looked forward. In his view, the recent data not only counters the opposition’s narrative but also positions the NPP for a stronger return in the next election cycle.
“The facts are clear, and they cannot be wished away. The NPP laid the foundation for this recovery, and we will return with a renewed vision and even greater momentum in 2028,” he concluded.
As economic discourse continues to shape Ghana’s political landscape, one thing is certain: the numbers from the IMF have stirred fresh debate—and the race to define Ghana’s economic future is just heating up.
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