Debt restructuring key to Ghana’s economic recovery – IMF
The International Monetary Fund (IMF) Resident Representative in Ghana, Dr Adrian Alter, has identified debt restructuring and structural reforms as key drivers of Ghana’s economic recovery under the Fund-supported programme.
Dr Adrian Alter, the International Monetary Fund (IMF) Resident Representative in Ghana, has highlighted debt restructuring and structural reforms as crucial elements in the country's economic recovery, according to a recent interview with Channel One TV. Dr Alter emphasized that these measures have significantly contributed to restoring macroeconomic stability and boosting investor confidence, complementing other policy interventions by the government.
He noted that the recovery has outpaced the initial projections made by the IMF, with various economic indicators exceeding expectations.
Speaking on Monday, August 24, Dr Alter stressed that debt restructuring has been one of the key pillars supporting the country's return to stability. He added that structural reforms have played a pivotal role in enhancing macroeconomic stability. Inflation has notably declined from levels above 50% to below 5%, while international reserves have expanded from approximately one month of import cover to over four months.
Dr Alter described Ghana's economic recovery as "quite impressive," citing a real GDP growth of 6% in 2025 and 6.4% in the first quarter of 2026. He also attributed the growth to its broad-based nature across various sectors, with higher gold prices further bolstering exports, foreign exchange inflows, and reserve accumulation. "Ghana's recovery has been quite impressive, faster and better than expected," Dr Alter concluded.
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