IMF Praises Ghana's Economic Turnaround Under ECF Program
International Monetary Fund's Africa Director Zeine Zeidane commends Ghana's economic performance and reforms, citing the country as a model for others.
International Monetary Fund's Africa Director Zeine Zeidane commends Ghana's economic performance and reforms, citing the country as a model for others.
· Updated
The International Monetary Fund's (IMF) Africa Director, Zeine Zeidane, has lauded Ghana's economic progress, stating the nation is "in a very good place." Zeidane's remarks came during a meeting with Finance Minister Dr. Cassiel Ato Forson in Bangkok, Thailand, on the sidelines of the IMF-World Bank Annual Meetings.
Zeidane specifically commended Ghana's performance under the Extended Credit Facility (ECF) program and the implementation of reforms aimed at strengthening economic management. He described the ECF program as a "great success" and indicated that Ghana's achievements serve as an example for other nations.
Further praise was given for the integration of artificial intelligence in customs administration, as well as efforts related to state-owned enterprises and stock-flow adjustments. This positive assessment aligns with the IMF's upward revision of Ghana's economic growth forecast for 2026 to 5.7%, an increase from the earlier projection of 4.6%.
In response to the revised outlook, Finance Minister Dr. Forson expressed confidence that the Ghanaian economy would surpass the IMF's latest forecast. He emphasized the government's commitment to maintaining credibility and discipline in economic management to sustain the recovery and foster stronger growth.
FAQ
What did the IMF Africa Director say about Ghana's economy?
IMF Africa Director Zeine Zeidane stated that Ghana is "in a very good place" and praised its economic performance and reforms.
What is the IMF's revised economic growth forecast for Ghana in 2026?
The IMF has raised Ghana's economic growth forecast for 2026 to 5.7%, up from its April projection of 4.6%.
