Ghana Economy

The IMF has expressed cautious optimism over Ghana’s execution of an extended credit facility (ECF), with fiscal indicators showing signs of improvement, but has warned that some inflationary concerns remain.

The economic outlook in Ghana is brightening, with GDP growth gaining momentum late in the year.

A new $918m deal with the IMF should alleviate some of Ghana’s fiscal pressures and help restore investor confidence ahead of a critical bond issue, but further reforms will be needed to balance the budget.

Although room for fiscal manoeuvring has shrunk in Ghana in recent months, the government’s subsequent efforts to tighten spending and boost revenues is being welcomed by investors and lenders.