Finance Minister Dr. Cassiel Ato Forson gave a presentation at the 13th African Fiscal Forum’s High-Level Roundtable about Ghana’s economic recovery, which took center stage at the recent IMF/World Bank Spring Meetings.
Speaking during the “Macro-Fiscal Developments and Outlook in Sub-Saharan Africa” session, Dr. According to Forson, Ghana’s experience over the last 15 months shows that African economies are capable of handling crises and using them as chances for significant structural change.
He recalled that Ghana experienced significant economic difficulties in 2022–2023, but he pointed out that since 2025, a mix of audacious policy initiatives and persistent reforms have contributed to the restoration of macroeconomic stability and the reconstruction of the economy’s foundations.
The Finance Minister cited significant gains in a number of important macroeconomic indices as proof of the recovery.
While inflation fell precipitously from 23.8 percent in 2024 to 5.8 percent in 2025 and then to 3.2 percent as of March 2026, real GDP growth increased to 6 percent in 2025 from 5.8 percent in 2024.
Additionally, he noted that the local currency had significantly stabilised, as seen by the cedi’s more than 40% increase in value versus the US dollar in 2025 and its continued advances in 2026.
Regarding the economy, Dr. Forson pointed out that Ghana’s primary balance, which is the nation’s fiscal anchor and is calculated on a commitment basis, improved from a 2.9 percent GDP deficit to a 2.6 percent GDP surplus in 2025.
Additionally, public debt levels have significantly decreased; by the end of 2025, the debt-to-GDP ratio had dropped from 61.8% to 45.3%, well ahead of the original 2034 target.
Additionally, improved institutions and the implementation of clear fiscal regulations have strengthened policy credibility, and overseas reserves have increased to cover 5.8 months’ worth of imports.
Dr. Forson underlined that the improvements are the result of careful fiscal management and a determined plan to anchor economic policy in reputable institutions, assuring medium-term sustainability.
The IMF/World Bank Spring Meetings continue in Washington, D.C., bringing together finance ministers, central bank governors, and global economic leaders to evaluate the global economic outlook and policy goals for long-term growth.
Source: newsthemegh.com