Ghana’s fiscal performance is on track to reach a primary surplus of 0.5 percent of GDP, according to the IMF.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The International Monetary Fund (IMF) has revealed that Ghana’s fiscal performance is on track to achieve a primary surplus of half percent of Gross Domestic Product (GDP) on a commitment basis.

This is despite emerging spending pressures stemming from a recent dry spell and challenges in the energy sector.

It is coming after the Executive Board of the International Monetary Fund (IMF) has completed the third review of Ghana’s 36-month Extended Credit Facility Arrangement.

Looking ahead, the IMF said the Ghanaian authorities are committed to further advancing fiscal consolidation by attaining a primary fiscal surplus of 1½ percent of GDP in 2025 through additional domestic revenue mobilization and non-priority expenditure rationalisation, while expanding social programmes to cushion the vulnerable from the impact of policy adjustment.

Source: newsthemegh.com