"Ghana is in a very good place" — IMF Africa Director praises economic turnaround and ECF success
IMF Africa Director Zeine Zeidane praised Ghana's economic progress under the ECF program, calling the country's performance a model for others.
The Director of the International Monetary Fund's African Department, Zeine Zeidane, has lauded Ghana's economic achievements, stating the nation's performance serves as a model for other countries. During a meeting with Finance Minister Dr Cassiel Ato Forson at the IMF–World Bank Annual Meetings, Mr Zeidane described Ghana's recent economic performance as "very impressive".
He applauded the country's progress under the Extended Credit Facility (ECF) programme and their efforts to bolster economic management. "I want to first commend you and the progress that Ghana has made. The Extended Credit Facility Programme was a great success," he said. "We tell others to follow your steps."
Mr Zeidane also commended Ghana's implementation of artificial intelligence in customs administration and welcomed work on state-owned enterprises and stock-flow adjustments. His remarks come as the IMF increased its forecast for Ghana's economic growth in 2026 to 5.7 percent, up from the 4.6 percent projected in April. Dr Forson, in response to the revised outlook, expressed confidence that the government expected the economy to outperform the Fund's latest projection.
He emphasized the government's commitment to maintaining credibility and discipline in economic management as it continues to support the recovery and strive for stronger growth. Mr Zeidane provided an optimistic assessment of the country's prospects, declaring: "Ghana is in a very good place."
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