IMF raises Ghana’s 2026 growth forecast to 5.7%, sees inflation falling to 4.8%
The International Monetary Fund (IMF) has raised Ghana’s economic growth forecast for 2026 to 5.7% and projected year-end inflation at 4.8%, despite global economic pressures and uncertainty. The growth forecast represents an increase of 1.1 percentage points from the 4.6% projected in April. The projections are contained in the IMF’s latest economic outlook report, released […]
The International Monetary Fund (IMF) has raised Ghana's economic growth forecast for 2026 to 5.7%, down from its April projection of 4.6%. The IMF also projects year-end inflation in Ghana at 4.8%, a significant decrease from its April forecast of 7.9%. These improvements are attributed to Ghana's commitment to fiscal discipline, spending aimed at stimulating growth, and strong gold export earnings, which have bolstered the trade balance and built economic buffers.
The Fund's optimism is further supported by Ghana's adherence to targets under the Policy Coordination Instrument (PCI) programme. However, IMF officials have raised concerns about Ghana's heavy reliance on gold exports and recommend diversification of export earnings. The IMF anticipates a slight moderation in growth to 5.2% in 2027.
Ghana's economic growth was notably strong in the second quarter of 2026, expanding by 6.0%, bringing the first-half growth to 6.2%.
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