Finance Minister Dr. Cassiel Ato Forson has expressed confidence that Ghana’s economy will grow beyond the International Monetary Fund’s (IMF) revised projection of 5.7% for 2026, citing the government’s commitment to fiscal discipline and ongoing economic reforms.
His optimism follows the IMF’s decision to raise Ghana’s growth forecast from 4.6% in April to 5.7%, representing an upward adjustment of 1.1 percentage points.
Reacting to the development, Dr. Forson said the revised forecast reflected growing confidence in Ghana’s economic recovery, adding that the government was determined to achieve even stronger results.
“The IMF has upgraded Ghana’s 2026 growth forecast from 4.6% to 5.7%. We are confident we will exceed that projection,” he stated.
The Finance Minister made these remarks following discussions with the Director of the IMF’s African Department, Zeine Zeidane, on the sidelines of the IMF–World Bank Annual Meetings in Bangkok, Thailand.
According to Dr. Forson, the meeting provided an opportunity to reaffirm Ghana’s commitment to responsible economic management and reforms aimed at sustaining the country’s recovery.
“In Bangkok, I met with the IMF’s African Department Director, Zeine Zeidane, and reaffirmed our commitment to the fiscal credibility, discipline, and bold reforms powering Ghana’s economic turnaround,” he said.
During the engagement, Mr. Zeidane commended Ghana for the progress made under the IMF-supported Extended Credit Facility (ECF) programme, describing the country’s economic performance as encouraging.
“I want to first commend you on how you are performing. The ECF was a great success,” he remarked.
He further indicated that Ghana’s progress in implementing economic reforms had become an example for other countries seeking to strengthen their economies.
“We tell others to follow your steps,” he added.
Mr. Zeidane also acknowledged improvements in Ghana’s economic management, particularly the introduction of artificial intelligence in customs administration and efforts to address challenges involving state-owned enterprises and stock-flow adjustments.
He noted that these initiatives were important steps towards strengthening public financial management and supporting long-term economic stability.
For his part, Dr. Forson maintained that the government would continue to prioritise fiscal credibility, prudent spending and reforms to consolidate the gains made so far.
He expressed optimism that sustained economic discipline and the implementation of key policies would help Ghana outperform the IMF’s latest growth projection.
Mr. Zeidane concluded the discussions with a positive assessment of the country’s economic outlook, declaring that “Ghana is in a very good place.”
The IMF’s revised forecast signals an improved outlook for Ghana’s economy, with attention now turning to whether the country can sustain its recovery and achieve growth beyond the projected 5.7% in 2026.
