Ghana’s projected growth rate by the end of 2024 has been updated by the IMF from 2.8% to 3.1%.

Source: newsthemegh.com

The International Monetary Fund (IMF) has revised Ghana’s growth rate forecast from 2.8% to 3.1% by the end of 2024.

This positive adjustment is attributed to the reforms Ghana is implementing under the IMF programme, which are significantly aiding its economic recovery. Stéphane Roudet, the IMF mission chief to Ghana, highlighted this development at a joint press conference with the Bank of Ghana and the Finance Ministry.

The announcement came after the approval of the third tranche, amounting to US$360 million, of the US$3 billion bailout package.

He noted that signs of economic stabilization are emerging and that economic resilience has been stronger than initially expected.