- The International Monetary Fund (IMF) has expressed optimism about Ghana's economic future
- This positive outlook aligns with forecasts from other international research institutions
- However, the IMF also highlighted potential risks to the outlook.
The International Monetary Fund (IMF) has expressed optimism about Ghana’s economic future, projecting a gradual increase in GDP growth to around 5% beyond 2024.
This positive outlook aligns with forecasts from other international research institutions.
While acknowledging ongoing challenges such as fiscal consolidation and the recent dry spell, the IMF revised its 2024 growth projection upward to 4%.
This upward revision is attributed to stronger-than-expected economic performance in the second quarter of 2024.
However, the IMF also highlighted potential risks to the outlook. These include global factors like geopolitical tensions, commodity price volatility, and climate shocks.
Domestically, the risk of policy slippages, particularly ahead of the 2024 general elections, could undermine macroeconomic stability and complicate debt restructuring efforts.
The IMF emphasized the importance of continued fiscal discipline, completion of debt restructuring, and tight monetary policy to ensure sustainable economic growth and price stability.
