Ghana is on track to conclude its three-year bailout agreement with the International Monetary Fund (IMF) with a strong economic record, officials say.
The West African nation has made significant progress in meeting the IMF’s fiscal targets, positioning itself for a sustainable exit from the program.
Finance Minister Cassiel Ato Forson highlighted projections showing Ghana could achieve a primary budget surplus of 1.5% of GDP by 2026, while the overall budget deficit is expected to fall to 2.2% from this year’s 2.8%.
Government revenue and grants are forecast to rise 18% to 268.1 billion cedis ($24.4 billion), with spending projected to increase 20% to 302.5 billion cedis.
Forson emphasized that borrowing in 2026 will rise to 64.2 billion cedis, focusing on smarter, risk-conscious strategies that support growth and fiscal sustainability.
Don’t Miss This: Dangote Expands African Footprint with $1 Billion Investment in Zimbabwe
Ghana’s economic recovery is reflected in a sharp drop in inflation, which fell from 9.4% in September to 8% in October, and a 34% recovery in the cedi over the past year.
GDP growth remains strong, with the economy expanding 6.3% year-on-year in the second quarter of 2025.
The IMF-backed program, initiated in 2023, has helped stabilize the nation after previous inflation spikes, currency depreciation, and unsustainable debt levels.
Forson credited the resilience and sacrifices of Ghanaians for restoring confidence in the economy but warned that continued fiscal discipline and strategic reforms are essential to sustain progress as the bailout concludes.
