The International Monetary Fund (IMF) has urged Ghana and other nations affected by the United States’ 10% trade tariffs to enhance their efforts in adopting economic policies that will safeguard them against disruptions in global trade.
In light of escalating global trade tensions, the IMF emphasized the critical need for these countries to focus on economic stability through significant reforms. During the 2025 Spring Meetings of the World Bank Group and the IMF, Managing Director Kristalina Georgieva highlighted the necessity for prompt action.
“All nations must intensify their efforts to ensure their economic foundations are solid,” Georgieva stated. “In an environment characterized by high uncertainty and frequent disruptions, there is no time to postpone reforms aimed at bolstering economic and financial stability and enhancing growth potential.”
Georgieva pointed out that many economies are entering this difficult phase from a position of weakness, with public debt levels considerably higher than they were a few years ago.
“Consequently, most countries need to undertake decisive fiscal measures to restore fiscal space, outlining gradual adjustment strategies that adhere to fiscal frameworks,” she remarked.
Nevertheless, she recognized that some countries might encounter additional shocks that necessitate renewed fiscal assistance. “If such support is required, it should be both targeted and temporary,” she concluded.
