IMF Raises Ghana’s 2026 Growth Forecast To 5.7%

The International Monetary Fund (IMF) has increased Ghana's projected economic growth for 2026 to 5.7 percent, up from the previous estimate of 4.6 percent in April. The forecast is contained in the IMF's latest economic outlook, released during the Annual IMF/World Bank Meetings in Bangkok, Thailand. The higher growth projection is attributed to Ghana's adherence to fiscal discipline, targeted spending to boost growth, and robust earnings from gold exports.

The IMF also factors in Ghana's commitment to targets under the Policy Coordination Instrument (PCI) programme into its revised assessment. However, some IMF officials have expressed concerns about the country's heavy reliance on gold exports and urged the government to diversify its sources of export earnings. Despite global economic challenges, the IMF expects Ghana's growth to slow to 5.2 percent in 2027.

The latest figures from the Ghana Statistical Service indicate that the economy grew by 6.0 percent in the second quarter of 2026, bringing the first-half growth to 6.2 percent. The IMF projects that Ghana will conclude 2026 with inflation at 4.8 percent, a significant drop from the April forecast of 7.9 percent, and below the government's and the Bank of Ghana's target band of 8 percent ± 2 percentage points.

If the IMF's prediction holds true, Ghana would experience single-digit year-end inflation for the second consecutive year, following a similar outcome in 2025.