{"id":133465,"date":"2025-11-14T19:35:14","date_gmt":"2025-11-14T19:35:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/133465\/"},"modified":"2025-11-14T19:35:14","modified_gmt":"2025-11-14T19:35:14","slug":"ghana-stays-on-track-with-imf-targets-as-it-prepares-to-end-its-bailout-strong","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/133465\/","title":{"rendered":"Ghana stays on track with IMF targets as it prepares to end its bailout strong"},"content":{"rendered":"

\n Ghana, according to the country\u2019s Finance Minister, Cassiel Ato Forson, has so far met the IMF’s requirements for its fiscal responsibility framework.\n <\/p>\n

\n This is a result of projections that show that the West African country could record a primary budget surplus of 1.5% of its Gross Domestic Product (GDP) by 2026, as highlighted by the finance minister.\n <\/p>\n

\n Following this projection, Ghanaian officials have promised to maintain a high degree of fiscal responsibility, especially as it nears the end of its 3-year bailout deal with the IMF.\n <\/p>\n

\n The projection figures specifically show that Ghana should have an overall budget deficit of 2.2% of its GDP for 2026, down from an estimated 2.8% this year.\n <\/p>\n

\n Projections also show that revenue and grants would rise 18% to 268.1 billion cedis ($24.4 billion), while spending is set to surge 20% to 302.5 billion cedis, as reported by Bloomberg<\/a>.\n <\/p>\n

\n \u201cThe sacrifices made by Ghanaians over the past year have restored hope and confidence in our economy,\u201d he said. \u201cBut this is not the time to slow down; it is the time to push forward,\u201d the Finance Minister said.\n <\/p>\n

\n A recent report showed that Ghana, which was expected to reach single-digit inflation by the end of the year, is well ahead of schedule<\/a>.\n <\/p>\n

\n This resulted from Ghana\u2019s current inflation, which fell from 9.4% in September to 8% in October, as well as a currency that has recovered by up to 34% in the space of a year.\n <\/p>\n

\"Ghana <\/p>\n

\n The inflation figure is a far cry from the 22.1% inflation rate recorded in the same period last year, when Ghana was in the midst of one of its worst economic crises in history.\n <\/p>\n

\n According to figures issued by the Ghana<\/a> Statistical Service in September, Ghana’s GDP increased by 6.3% year on year in the second quarter of 2025, up from a corrected 5.7% in the same period last year.\n <\/p>\n

\n Ghana\u2019s finance minister also disclosed that borrowing for 2026 is set to increase 20% to 64.2 billion cedis, off the continued issuance of domestic bonds.\n <\/p>\n

\n \u201cThe priority for 2026 will be to borrow smarter, manage risks better, and ensure that every cedi borrowed supports growth and fiscal sustainability,\u201d Forson stated.\n <\/p>\n

Ghana\u2019s IMF deal <\/p>\n

\n Ghana’s economy is undergoing a substantial reset as part of a three-year, $3 billion bailout agreement<\/a> with the International Monetary Fund.\n <\/p>\n

\n The loan issued in 2023 was intended to assist the government in overcoming significant budgetary and debt issues, aims to restore macroeconomic stability, reestablish investor confidence, and lay a more resilient foundation for long-term prosperity.\n <\/p>\n

\n The bailout came as Ghana faced rising inflation, a rapid depreciation of the cedi, and unsustainable state debt levels.\n <\/p>\n

\n Under the IMF agreement, the government has committed to tight fiscal discipline, which includes lowering budget deficits, increasing revenue collection, and eliminating non-essential spending.\n <\/p>\n

\n The program also prioritizes structural reforms to enhance the financial sector, improve public sector openness, and ensure the effective management of state-owned companies.\n <\/p>\n","protected":false},"excerpt":{"rendered":"Ghana, according to the country\u2019s Finance Minister, Cassiel Ato Forson, has so far met the IMF’s requirements for…\n","protected":false},"author":2,"featured_media":133466,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,85,46],"class_list":["post-133465","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/133465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=133465"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/133465\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/133466"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=133465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=133465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=133465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}