The government is in talks with the International Monetary Fund (IMF) to discuss key economic issues, including tax cuts, revenue reforms, managing energy sector debt, controlling spending, and stabilizing the exchange rate.

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These discussions, which run from February 10 to February 14, will focus on Ghana’s economic future and the policies shaping the 2025 budget.

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As part of efforts to ease financial strain, the government plans to remove certain taxes, such as the E-Levy, betting tax, and COVID-19 levy, while also reducing the country’s dependence on imports.

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IMF Mission Chief for Ghana, Stéphane Roudet, is leading the talks, working closely with government officials to refine fiscal strategies.

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Key institutions involved include the Bank of Ghana, the Ghana Revenue Authority, and the Controller and Accountant General’s Department.

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The outcome of these negotiations is expected to have a major impact on Ghana’s economic policies.

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Analysts have urged the government to focus on cutting unnecessary spending to reduce the budget deficit, which is expected to drop to 4.2% in 2025.

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To support these efforts, the government has already taken steps such as reducing the number of ministers to 60 and restricting non-essential foreign travel for officials.

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