The Finance Minister, Dr. Mohammed Amin Adam, has affirmed the government's steadfast commitment to fiscal discipline and responsible spending as Ghana approaches the December 7 elections.

Addressing journalists at a joint press conference with the International Monetary Fund (IMF) on Monday, July 1, 2024, Dr. Amin Adam stressed the importance of maintaining economic stability and pursuing sustainable growth amid the upcoming political season.

"Despite the fact that 2024 is an election year, we are committed to enhancing domestic revenue mobilization and tightening expenditure commitment controls to avoid policy slippages," Dr. Amin Adam declared.

Dr. Amin Adam's remarks come in the wake of the IMF Board’s approval of the second review of Ghana's USD 3 billion program, which has led to the immediate release of USD 360 million, bringing total disbursements to USD 1.56 billion.

Highlighting the government's approach, the Finance Minister said, "We are committed to sustaining our macroeconomic policy adjustments and reforms to fully restore macroeconomic stability and debt sustainability while fostering a sustainable increase in economic growth and poverty reduction."

Dr. Amin Adam outlined the government's strategic focus on enhancing domestic revenue sources and implementing stringent controls on public expenditure.

This strategy aims to prevent any policy deviations and ensure that economic policies are effectively maintained throughout the election year.

"This approach is crucial to maintaining economic stability," Dr. Amin Adam asserted. "We must ensure that our policies are not derailed by the political calendar and that we continue to work towards achieving comprehensive macroeconomic stability and sustainable growth."