The International Monetary Fund (IMF) has revised Ghana’s economic growth rate upwards to 4.4% for 2025, signaling a positive outlook for the country’s economic trajectory. This projection marks a significant increase from the 2.8% growth rate predicted for 2024.
According to the IMF, Ghana’s economy is expected to experience a notable rebound, with growth prospects surpassing some major economies in Africa. The Fund’s confidence in Ghana’s economy can be attributed to the ongoing IMF program, which aims to address pressing issues and drive overall economic recovery.
Key Highlights:
– Growth Rate: The IMF projects Ghana’s economy to grow by 4.4% in 2025, up from 2.8% in 2024.
– Inflation: The Fund forecasts a single-digit inflation rate of 8% for 2025, aligning with the government’s target.
– Economic Outlook: Ghana’s economic prospects remain promising, with the IMF expecting a significant rebound starting from next year.
– Debt-to-GDP Ratio: The debt-to-GDP ratio is expected to rise to 66.4% by the end of 2025 before declining to 62.7% in 2026.
The IMF’s revised forecast reflects a positive outlook for Ghana’s economic future, with the country’s growth prospects and inflation rate expected to improve in the coming years.