The Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva has praised former Minister of Finance Dr. Mohammed Amin Adam for the role he played in implementing Ghana’s programme with the fund.

“Your efforts have not only strengthened Ghana’s economy but have also inspire confidence in Ghana’s future”, she applauded.  

This was contained in a letter from Madam Georgieva to  Dr. Adam on January 8, 2025 and seen by JOYBUSINESS.

She highlighted Dr. Adam’s dedication to Ghana’s programme with the IMF, adding that “your unweaving dedication in implementing the IMF supported programme helped foster higher inclusive growth and had profound impact on Ghanaians”.

She expressed confidence Dr. Adam will make meaningful impact as a Member of Parliament.

“Your passion for public service and steadfast commitment will serve as a beacon of inspiration for many”.

Madam Georgieva concluded by wishing Dr. Adam success in his future endeavors.

Ghana’s programme with IMF

The letter from the IMF Managing Director is coming at time Ghana has successfully passed three reviews under the programme, resulting in the release of almost 2 billion dollars to Ghana.

The IMF in its third review statement noted that Ghana’s performance under the programme has been generally satisfactory, and reform efforts are paying off.

It also added that “good progress has been made on debt restructuring. Growth is recovering rapidly, inflation has declined—although at a slower pace, and the fiscal and external positions have continued to improve”.

The IMF however warned that going forward, staying the course of macroeconomic policy adjustment and reforms is essential to fully and durably restore macroeconomic stability.

Ghana on May 17, 2023, signed up to an IMF programme to access about 3 billion dollars , by working to bring Ghana’s debts to sustainable levels.

Mohammed Amin Adam and the Finance Ministry

Dr. Adam was in February 2024 elevated to the position as substantive Minister of Finance.  Before then he was the Minister of State at the Finance Ministry.

He took over from Ken Ofori-Atta as minister of finance who served in office for seven years.

Dr. Adam is an Economist, Energy and Petroleum Policy Expert, and Resource Governance Advocate.

He holds a PhD in Energy and Petroleum Economics (2014) from the University of Dundee, Center for Energy, Petroleum and Mineral Law and Policy (CEPMLP), United Kingdom.

He obtained a Master of Philosophy Degree in Economics (2002), and Bachelor of Arts (Honours) Degree in Economics (1998) both from the University of Cape Coast.