Ghana on Track for Debt-to-GDP of 55% by 2028, Says IMF

The International Monetary Fund (IMF) and World Bank both express cautious optimism about Ghana's economic outlook, highlighting the country's progress toward debt sustainability and macroeconomic stability under its ongoing $3 billion IMF-supported program. The IMF anticipates Ghana will reach a Debt-to-GDP ratio of 55% by 2028 if reforms and fiscal discipline continue, while the government reassures investors of a stable environment and renewed confidence. The World Bank has revised Ghana's 2025 GDP growth forecast downward to 3.9%, citing inflationary pressures and external vulnerabilities, but expects a rebound in subsequent years. Ghana's inflation rate, though expected to remain above target in 2025, is projected to decline steadily to 8% by 2027, signaling macroeconomic stabilization. Despite improvements, structural weaknesses, commodity price volatility, and climate-related risks persist, presenting ongoing challenges to sustainable growth. Both institutions emphasize the importance of continued prudent fiscal management, transparent governance, and resilience-building measures to maintain investor confidence and long-term economic transformation.