By Ashiadey Dotse
Ghana’s economic recovery has taken the global spotlight at the ongoing IMF/World Bank Spring Meetings, with Finance Minister Cassiel Ato Forson showcasing the country’s turnaround story to international leaders.
Speaking at the 13th African Fiscal Forum High-Level Roundtable, Dr. Forson said Ghana’s recent progress shows that African economies can overcome crises and use them as opportunities for major reforms.
Addressing a session on macroeconomic developments in Sub-Saharan Africa, he recalled the severe economic challenges Ghana faced between 2022 and 2023. However, he noted that strong policy decisions and reforms since 2025 have helped restore stability and rebuild the economy.
Dr. Forson presented key figures to support the recovery. Ghana’s economic growth increased to 6% in 2025, up from 5.8% in 2024. Inflation also dropped sharply from 23.8% in 2024 to 5.8% in 2025, and further declined to 3.2% by March 2026.
He added that the Ghana cedi has regained strength, appreciating by more than 40% against the US dollar in 2025, with continued gains into 2026.
On government finances, the Minister said Ghana moved from a deficit of 2.9% of GDP to a surplus of 2.6% in 2025. Public debt also reduced significantly, with the debt-to-GDP ratio falling from 61.8% to 45.3%, ahead of earlier targets.
He further noted that Ghana’s international reserves have improved, now covering nearly six months of imports, while stronger institutions and clear fiscal rules have boosted confidence in the country’s economic management.
Dr. Forson stressed that these gains are the result of disciplined fiscal policies and a strong commitment to long-term stability.
The IMF/World Bank Spring Meetings are being held in Washington, D.C., bringing together finance ministers, central bank governors, and global leaders to discuss the world’s economic outlook and strategies for sustainable growth.
More stories here
