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Ghana’s President Dissolves Seven Government Ministries To Save Costs Under IMF Program
Ghana’s President John Mahama has announced the dissolution of seven ministries as part of the country’s commitment to an austerity program under the International Monetary Fund (IMF).
This decision has reduced the number of ministries from 30 to 23, in line with the president’s pledge to create a leaner and more efficient administration.
“The new government structure reflects our commitment to prudent economic management,” President Mahama stated in an e-mailed announcement. “By streamlining the number of ministries, we aim to save costs and ensure a more focused and effective governance framework.”
The restructuring is part of Ghana’s broader efforts to stabilise its economy after securing a $3 billion bailout from the IMF in 2022. The bailout was sought to help the West African nation address unsustainable debt levels and regain economic stability amid rising inflation and unemployment.
President Mahama, who was elected with a decisive victory in the December 7 polls, faces mounting public pressure to address the economic hardships that have fuelled dissatisfaction among voters.
Ghana, the world’s second-largest cocoa producer, has struggled with challenges including crippling debt, high living costs, and widespread unemployment.
“We understand the sacrifices Ghanaians are making,” Mahama said. “Our administration is fully committed to restoring economic stability and improving the lives of our people. This restructuring is just one step in our broader plan to achieve these goals.”
The move aligns with the IMF’s conditions for the bailout, which emphasise fiscal discipline and efficient governance.
