\n
The International Monetary Fund (IMF) is forecasting, Ghana\u2019s debt-to-GDP ratio will hit 83% by the end of 2024.<\/p>\n
This was captured in its October 2024 fiscal monitor report released at the ongoing IMF annual meetings in Washington DC, USA.<\/p>\n
The Fund, projects, there will be a consistent decline in Ghana\u2019s debt-to-GDP ratio for the next five years falling to 69.7% in 2029.<\/p>\n
The IMF based its projection on improvements in Ghana\u2019s fiscal indicators.<\/p>\n
Ghana\u2019s debt stock currently stands in excess of GHS 760 million representing about 75% of GDP.<\/p>\n
The government is however targeting to reduce the debt-to-GDP ratio to 50% \u00a0in 2028 following the completion of the debt exchange and measures to contain exchange rate volatilities.<\/p>\n
The IMF also reaffirmed its projection for Ghana\u2019s economic growth in 2024, maintaining the forecast at 3.1% indicating significant progress in the global fight against inflation.<\/p>\n
The forecast aligns with the government\u2019s end-year target for 2024.<\/p>\n
IMF Chief Economist, \u00a0Pierre-Olivier Gourinchas outlined key policy recommendations to drive future growth.<\/p>\n
He emphasized the need for a strategic \u201ctriple pivot\u201d approach\u2014easing monetary policy, rebuilding fiscal reserves, and advancing structural reforms\u2014to navigate current global risks and stimulate economic expansion.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
The International Monetary Fund (IMF) is forecasting, Ghana\u2019s debt-to-GDP ratio will hit 83% by the end of 2024. This was captured in its October 2024 fiscal monitor report released at the ongoing IMF annual meetings in Washington DC, USA. The Fund, projects, there will be a consistent decline in Ghana\u2019s debt-to-GDP ratio for the next […]<\/p>\n","protected":false},"author":1,"featured_media":238632,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-238631","post","type-post","status-publish","format-standard","has-post-thumbnail","category-top-news"],"yoast_head":"\n
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