Ghana seeks investment deals in Bangkok amid global economic crises

The Ghanaian delegation, spearheaded by Finance Minister Dr Cassiel Ato Baah Forson and backed by Bank of Ghana Governor Dr Johnson Pandit Asiama, is set to engage with international investors and financial institutions during the 2026 Annual Meetings of the International Monetary Fund (IMF) and World Bank Group (WBG) in Bangkok, Thailand.

The meetings, which run from October 12 to 18, will feature discussions on global issues such as debt management, energy security, climate change, and the rise of Artificial Intelligence (AI). Dr Forson will present Ghana's New Economy agenda and outline the government's plans for economic transformation ahead of the 2027 Budget, which is anticipated to provide more details on the government's development strategies.

Dr Asiama emphasized the importance of the annual meetings as a platform for bilateral engagements, enabling Ghana to showcase its economic program to investors and development partners. IMF Managing Director Kristalina Georgieva cautioned that the global economy faces challenges from energy supply disruptions and the impact of AI-related investments, while World Bank Group President Ajay Banga highlighted AI investment and oil supply adjustments as factors supporting global growth.

Developing countries, however, are grappling with rising costs in diesel and fertilizers, along with uncertainties stemming from conflicts in the Middle East and Russia-Ukraine.