IMF Confident Ghana Will Achieve 55% Debt-to-GDP Ratio by 2028
Ghana’s Economic Recovery on Track, Says IMF Mission Chief
The International Monetary Fund (IMF) has expressed strong confidence in Ghana’s ability to reduce its Debt-to-Gross Domestic Product (GDP) ratio to 55% by 2028, marking a significant step toward economic sustainability.
Mr. Stéphane Roudet, IMF Mission Chief for Ghana, affirmed this during the 2025 IMF/World Bank Group Spring Meetings in Washington DC. “Ghana is still on track to achieve these objectives,” Roudet stated, emphasizing the country’s progress under its $3 billion IMF-supported program.
Key Factors Driving Ghana’s Economic Progress
Roudet highlighted Ghana’s commitment to fiscal reforms, including:
- Strengthened fiscal rules and institutions
- Enhanced procurement oversight by the Ministry of Finance
- Development of a more robust Fiscal Council
The IMF official noted that continued adherence to these reforms is crucial, particularly given potential risks from global trade tensions.
Economic Outlook and Future Projections
With inflation declining and fiscal deficits aligning with program targets, Roudet expressed optimism about Ghana’s economic stabilization. This progress is expected to:
- Boost investor confidence in Ghana’s economy
- Strengthen private sector participation across industries
- Ensure sustainable economic growth
The IMF’s positive assessment underscores Ghana’s progress in implementing difficult but necessary economic reforms under its extended credit facility program.
Source: GNA