{"id":15685,"date":"2026-04-17T14:38:12","date_gmt":"2026-04-17T14:38:12","guid":{"rendered":"https:\/\/gnbcc.net\/?p=15685"},"modified":"2026-04-17T14:38:17","modified_gmt":"2026-04-17T14:38:17","slug":"imf-revises-ghanas-2026-economic-growth-to-4-8","status":"publish","type":"post","link":"https:\/\/gnbcc.net\/imf-revises-ghanas-2026-economic-growth-to-4-8\/","title":{"rendered":"IMF revises Ghana\u2019s 2026 economic growth to 4.8%"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">THE International Monetary Fund (IMF) has revised the Ghana\u2019s 2026 economic growth to 4.8 per cent, from an earlier estimate of 4.6 per cent. The marginal increase, it said reflected stronger-than-expected performance under the ongoing IMF-supported programme, as well as sustained fiscal discipline and improving macroeconomic conditions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the IMF\u2019s latest Regional Economic Outlook for sub-Saharan Africa, Ghana was expected to maintain a steady disinflation path, with inflation projected to end 2026 at 7.9 per cent.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The revision of Ghana\u2019s economic growth outlook comes on the back of a remarkable turnaround in 2025, when the economy expanded by an estimated 6.0 per cent, driven largely by robust activity in the non-oil sector and agriculture.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Recent data indicate that inflation, which exceeded 23 per cent in 2024, has declined sharply to single-digit levels, reaching about 3.2 per cent as of March 2026. The easing inflationary pressures have created room for monetary policy adjustments, with the Bank of Ghana beginning a cautious shift towards easing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Ghana cedi has also demonstrated significant resilience, appreciating by more than 40 per cent against the US dollar in 2025, with relative stability sustained into the first quarter of 2026. This has contributed to improved investor confidence and a more predictable business environment.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In the area of public finances, the IMF said Ghana had made notable progress, indicating that the country\u2019s debt-to-GDP ratio declined to 45.3 per cent at the end of 2025, surpassing initial restructuring targets. It said improvement in public finances followed successful bilateral debt restructuring agreements, including key arrangements with external creditors.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cFiscal consolidation efforts have equally yielded results, with the government recording a primary surplus of 2.6 per cent of GDP in 2025, compared to a deficit of 2.9 per cent in the previous year,\u201d the IMF said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ghana\u2019s international reserves have also strengthened, providing cover for approximately 5.8 months of imports, thereby enhancing the country\u2019s external buffers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Despite the strong macroeconomic gains, the IMF cautioned that Ghana\u2019s outlook was still vulnerable to external shocks, particularly in the context of heightened global uncertainty.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It said emerging market and developing economies, including Ghana, were likely to feel the impact more acutely through volatile commodity prices, tighter financial conditions, and elevated borrowing costs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The IMF further said high cost of living remains a concern for households in Ghana, even as macroeconomic indicators improve, adding that there were also lingering risks related to domestic financing needs and the sustainability of recent gains.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Fund said there was consensus among international financial institutions was that Ghana was firmly on a path to recovery and continued adherence to prudent fiscal policies, structural reforms, and strengthened institutional frameworks would be critical to sustaining the momentum.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cAs global uncertainties persist, maintaining economic resilience while safeguarding social spending will be essential to ensuring that the benefits of recovery are broadly shared,\u201d the IMF stated.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On the global economy, the IMF said the global economy was facing renewed strain following the outbreak of conflict in the Middle East, which was expected to dampen growth and fuel inflationary pressures. It said global growth was projected to slow to 3.1 per cent in 2026 before inching up to 3.2 per cent in 2027.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Click <a href=\"https:\/\/ghanaiantimes.com.gh\/imf-revises-ghanas-2026-economic-growth-to-4-8\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>here<\/strong> <\/a>for source.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>THE International Monetary Fund (IMF) has revised the Ghana\u2019s 2026 economic growth to 4.8 per cent, from an earlier estimate of 4.6 per cent. The marginal increase, it said reflected stronger-than-expected performance under the ongoing IMF-supported programme, as well as sustained fiscal discipline and improving macroeconomic conditions.<\/p>\n","protected":false},"author":1,"featured_media":15686,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"yes","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[153],"tags":[],"class_list":["post-15685","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-articles"],"jetpack-related-posts":[{"id":13466,"url":"https:\/\/gnbcc.net\/govt-imf-reach-staff-level-deal-on-5th-ecf-review\/","url_meta":{"origin":15685,"position":0},"title":"Gov\u2019t, IMF reach staff-level deal on 5th ECF review","author":"Michael Teye","date":"October 17, 2025","format":false,"excerpt":"Ghana has reached a staff-level agreement with the International Monetary Fund (IMF) on the fifth review of its US$3.2 billion Extended Credit Facility (ECF), paving the way for the disbursement of about US$385 million once approved by the IMF Executive Board.","rel":"","context":"In &quot;News Articles&quot;","block_context":{"text":"News Articles","link":"https:\/\/gnbcc.net\/category\/news-articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/10\/IMF-approves-Egypts-additional-5bn-funding-820m-to-be-disbursed-.jpeg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/10\/IMF-approves-Egypts-additional-5bn-funding-820m-to-be-disbursed-.jpeg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/10\/IMF-approves-Egypts-additional-5bn-funding-820m-to-be-disbursed-.jpeg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":15924,"url":"https:\/\/gnbcc.net\/fitch-upgrades-ghanas-credit-rating-to-b-with-positive-outlook\/","url_meta":{"origin":15685,"position":1},"title":"Fitch upgrades Ghana\u2019s credit rating to B with positive outlook","author":"Michael Teye","date":"May 15, 2026","format":false,"excerpt":"Fitch Ratings, the American-British credit rating agency, has upgraded Ghana\u2019s Long-Term Foreign-Currency Issuer Default Rating (IDR) from B- to B, with a Positive Outlook. In a report released last Friday, Fitch attributed the upgrade to a sharp decline in Ghana\u2019s public debt-to-GDP ratio, strong fiscal consolidation, appreciation of the cedi\u2026","rel":"","context":"In &quot;News Articles&quot;","block_context":{"text":"News Articles","link":"https:\/\/gnbcc.net\/category\/news-articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/Fitch-upgrades.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/Fitch-upgrades.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/Fitch-upgrades.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/Fitch-upgrades.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/Fitch-upgrades.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":17465,"url":"https:\/\/gnbcc.net\/mid-year-review-investors-need-clarity-on-post-imf-strategy-prof-bokpin\/","url_meta":{"origin":15685,"position":2},"title":"Mid-Year Review: Investors need clarity on post-IMF strategy \u2014 Prof. Bokpin","author":"Paul N.","date":"July 24, 2026","format":false,"excerpt":"Economist Prof. Godfred Bokpin has urged the government to use the 2026 Mid-Year Budget Review to provide investors and the private sector with a clear roadmap for Ghana\u2019s economic direction beyond the IMF-supported programme. He emphasised that greater policy clarity and predictability will be critical to sustaining investor confidence, encouraging\u2026","rel":"","context":"In &quot;News Articles&quot;","block_context":{"text":"News Articles","link":"https:\/\/gnbcc.net\/category\/news-articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/07\/ESQ-Elsie-21.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/07\/ESQ-Elsie-21.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/07\/ESQ-Elsie-21.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/07\/ESQ-Elsie-21.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/07\/ESQ-Elsie-21.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":15983,"url":"https:\/\/gnbcc.net\/imf-backs-post-bailout-framework-as-govt-pursues-fiscal-credibility\/","url_meta":{"origin":15685,"position":3},"title":"IMF backs post-bailout framework, as gov\u2019t pursues fiscal credibility","author":"Grace Agorigo","date":"May 22, 2026","format":false,"excerpt":"The government has secured International Monetary Fund (IMF) staff-level backing for a new three-year Policy Coordination Instrument (PCI), marking the country\u2019s transition from crisis-era financing under the Extended Credit Facility (ECF) toward a reform-focused framework aimed at preserving macroeconomic stability and restoring long-term investor confidence. The IMF said its staff\u2026","rel":"","context":"In &quot;News Articles&quot;","block_context":{"text":"News Articles","link":"https:\/\/gnbcc.net\/category\/news-articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/SNBN-11.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/SNBN-11.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/SNBN-11.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/SNBN-11.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/SNBN-11.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":16100,"url":"https:\/\/gnbcc.net\/ceo-summit-mahama-positions-private-sector-at-centre-of-post-imf-growth-strategy\/","url_meta":{"origin":15685,"position":4},"title":"CEO Summit: Mahama positions private sector at centre of post-IMF growth strategy","author":"Grace Agorigo","date":"June 5, 2026","format":false,"excerpt":"President John Dramani Mahama, during remarks at the 10th Ghana CEO Summit, has described the private sector as the principal driver of Ghana\u2019s next phase of economic expansion. He said the role of private enterprise had become even more critical as the country transitions from a period of crisis stabilisation\u2026","rel":"","context":"In &quot;News Articles&quot;","block_context":{"text":"News Articles","link":"https:\/\/gnbcc.net\/category\/news-articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/06\/ESQ-Elsie.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/06\/ESQ-Elsie.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/06\/ESQ-Elsie.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/06\/ESQ-Elsie.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/06\/ESQ-Elsie.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":15877,"url":"https:\/\/gnbcc.net\/sixth-imf-review-puts-spotlight-on-post-stabilisation-policy-execution\/","url_meta":{"origin":15685,"position":5},"title":"Sixth IMF review puts spotlight on post-stabilisation policy execution","author":"Grace Agorigo","date":"May 7, 2026","format":false,"excerpt":"The government has begun the sixth review of its US$3 billion Extended Credit Facility programme with the International Monetary Fund, shifting attention from macroeconomic stabilisation to the execution of policies needed to sustain growth and investor confidence. Finance minister Cassiel Ato Forson formally received an IMF mission led by Ruben\u2026","rel":"","context":"In &quot;News Articles&quot;","block_context":{"text":"News Articles","link":"https:\/\/gnbcc.net\/category\/news-articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/ESQ-Elsie-11.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/ESQ-Elsie-11.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/ESQ-Elsie-11.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/ESQ-Elsie-11.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/ESQ-Elsie-11.png?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/gnbcc.net\/wp-content\/uploads\/2026\/04\/IMFd-scaled.jpg","_links":{"self":[{"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/posts\/15685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/comments?post=15685"}],"version-history":[{"count":1,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/posts\/15685\/revisions"}],"predecessor-version":[{"id":15687,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/posts\/15685\/revisions\/15687"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/media\/15686"}],"wp:attachment":[{"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/media?parent=15685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/categories?post=15685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/tags?post=15685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}