Why the IMF’s outlook on Ghana is turning heads

The IMF does not hand out praise easily. That is why its latest view on Ghana is drawing attention.

Speaking on Joy News’ PM Express Business Edition, Dr. Adrian Alter described 2025 as a solid year for the Ghanaian economy, noting that the Fund’s conservative nature makes the assessment even more meaningful.

“The IMF typically is conservative in their assessment and projections,” he said. “We usually want to be surprised to the upside when it comes to growth.”

That surprise, he suggested, may already be unfolding.

Dr. Alter pointed to fiscal discipline as a major factor behind the improved outlook. According to him, tighter controls on public spending have helped restore order to government finances after years of strain.

“Overall, I would say 2025 has been a very good year,” he said.

He also highlighted the role of monetary policy. The Bank of Ghana’s tight stance, combined with steady reserve accumulation, has helped rebuild confidence, especially among investors watching the country closely.

“The tight monetary policy and the accumulation of reserves by the Bank of Ghana helped with credibility,” Dr. Alter noted.