IMF revises Ghana’s growth target from 2.8% to 3.1% for 2024

The IMF has revised Ghana's 2024 growth forecast from 2.8% to 3.1%, crediting the country's economic reforms under the IMF programme.

These reforms support a faster-than-expected recovery. At a press conference, IMF mission chief Stéphane Roudet highlighted emerging signs of economic stabilization, improved fiscal and external positions, and declining inflation.

The third tranche of the US$3 billion bailout package, worth US$360 million, was approved. Despite some delays, Ghana's performance under the programme has been strong, meeting most targets.

Roudet expressed optimism for continued positive outcomes if Ghana adheres to the proposed reforms.