Ghana’s performance under Fund-supported programme has been satisfactory – IMF

The International Monetary Fund (IMF) has stated that Ghana’s performance under the IMF-supported program has been generally satisfactory, with all end-June 2024 quantitative targets met.

Economic growth in early 2024 exceeded expectations, driven by mining, construction, and information sectors, while inflation continues to decline.

However, recent dry spells in the Northern regions may negatively affect agricultural output and food prices.

The IMF noted strong fiscal performance, with Ghana on track for a primary surplus despite spending pressures.

Discussions focused on enhancing energy sector sustainability and strengthening social protection programs ahead of the December elections.