{"id":163044,"date":"2024-03-19T05:14:01","date_gmt":"2024-03-19T05:14:01","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/03\/19\/ghanas-economy-showing-signs-of-recovery\/"},"modified":"2024-03-19T05:14:01","modified_gmt":"2024-03-19T05:14:01","slug":"ghanas-economy-showing-signs-of-recovery","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/03\/19\/ghanas-economy-showing-signs-of-recovery\/","title":{"rendered":"Ghana’s economy showing signs of recovery"},"content":{"rendered":"

<\/p>\n

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The International Monetary Fund (IMF) has acknowledged Ghana\u2019s economic recovery, noting growth in crucial economic sectors.<\/p>\n

During an interview with Bernard Avle on Citi TV\u2019s The Point of View,<\/strong> IMF Managing Director Kristalina Georgieva underscored the improving growth prospects for Ghana following the conclusion of its bailout programme.<\/p>\n

Georgieva also highlighted Ghana\u2019s abundant natural and human capital, as well as the government\u2019s commitment to maintaining robust economic fundamentals that align with the aspirations of its citizens.<\/p>\n

\u201cGhana is doing well, we see growth prospects for Ghana improving. We projected 1.5% growth for this year, and it reached 2.3% in 2023, and in 2024 we see good prospects for growth. We projected inflation to fall from 54% to 27%, it is now already 23%. And we see more interest in investing in Ghana, because you have a fantastic country.<\/p>\n

She emphasized, \u201cNatural capital abundant, human capital also abundant. And as long as there\u2019s a determined government to keep the strength of the economic fundamentals at par with the aspirations of the people here, Ghana is set for a good. Ghana is stabilizing, you are [Ghana] stabilizing. You see the exchange rate no more jumping up and down as it did before, we see in the advancement of negotiations with the official creditors.\u201d<\/p>\n

Georgieva expressed optimism about Ghana\u2019s economic trajectory under the programme and encouraged perseverance, stating, \u201cI would say stay on the course, the job is not yet done, we\u2019re climbing the mountain we are not at the peak yet and I\u2019m optimistic from what I have seen.\u201d<\/p>\n

In January 2024, the Bank of Ghana confirmed receiving US$600 million as the second tranche for budget support and currency stabilization, totaling US$1.2 billion from the $3 billion three-year extended credit facility granted in May 2022.<\/p>\n

The IMF has praised Ghana\u2019s performance under the programme, with reforms yielding positive results and signs of economic stabilization. The next review of Ghana\u2019s IMF programme is set for June 2024, with an expected third tranche of approximately US$360 million.<\/p>\n

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The International Monetary Fund (IMF) has acknowledged Ghana\u2019s economic recovery, noting growth in crucial economic sectors. During an interview with Bernard Avle on Citi TV\u2019s The Point of View, IMF Managing Director Kristalina Georgieva underscored the improving growth prospects for Ghana following the conclusion of its bailout programme. Georgieva also highlighted Ghana\u2019s abundant natural and […]<\/p>\n","protected":false},"author":1,"featured_media":163045,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-163044","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"\nGhana's economy showing signs of recovery - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/03\/19\/ghanas-economy-showing-signs-of-recovery\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ghana's economy showing signs of recovery - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"The International Monetary Fund (IMF) has acknowledged Ghana\u2019s economic recovery, noting growth in crucial economic sectors. 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