The Worldwide Financial Fund (IMF) has projected a 4 per cent development price for Ghana by the top of 2025.
This revised forecast was captured within the IMF’s April 2025 Regional Financial Outlook Report, launched on the sidelines of the IMF/World Financial institution Spring Conferences in Washington, D.C.
The projected 4 per cent development aligns with the determine offered within the 2025 Finances by Finance Minister Dr. Ato Forson in March.
Wanting forward, the IMF expects Ghana’s financial system to develop by 4.8 per cent in 2026.
2025 Inflation Goal Prone to Be Missed
The IMF is projecting an end-of-year inflation price of 17.5 per cent for 2025, considerably greater than the federal government’s goal of 11.9 per cent as said within the nationwide funds.
This implies that the federal government might miss its inflation goal for the 12 months.
Nonetheless, the IMF stays optimistic, forecasting a pointy decline in inflation to 9.4 per cent by the top of 2026, bringing Ghana nearer to its long-sought single-digit inflation purpose.
Debt-to-GDP Ratio to Rise Earlier than Falling
Ghana’s whole public debt stood at GHS 726.7 billion on the finish of December 2024, representing 61.8 per cent of GDP.
In response to the IMF’s Regional Financial Outlook, the debt-to-GDP ratio is anticipated to rise to 66.4 per cent by the top of 2025 earlier than declining to 62.7 per cent in 2026.
The IMF programme targets an additional discount to 55 per cent by the top of 2028.
The pinnacle of the IMF Mission to Ghana, Stéphane Roudet, instructed Pleasure Enterprise on the Spring Conferences that he’s optimistic that Ghana will meet all key benchmarks, together with the 2028 debt goal, offered the nation stays dedicated to programme situations.
Overseas Reserves and Commerce Outlook
The IMF additionally tasks Ghana’s import cowl to succeed in 3.6 months by the top of 2025 and 2026.
Moreover, the report revealed that exports to the U.S. account for about 1 per cent of Ghana’s whole GDP.
DISCLAIMER: The Views, Feedback, Opinions, Contributions and Statements made by Readers and Contributors on this platform don’t essentially signify the views or coverage of Multimedia Group Restricted.
Source link
