International investors have expressed confidence in Ghana’s economic direction following a high-level meeting with Finance Minister Dr. Cassiel Ato Forson in Washington, D.C.
The meeting showcased the government’s efforts to stabilize the economy and strengthen fiscal management.
According to Dr. Ato Forson, Ghana’s economic indicators are on an upward trend. “These indicators reflect our government’s firm commitment to restoring macroeconomic stability,” he said, highlighting the stability of the Ghanaian cedi and international reserves covering four months of imports.
The Finance Minister also reported a robust domestic revenue performance, with the Ghana Revenue Authority exceeding its first-quarter target by over 2.4 billion cedis.
“With improved revenue and controlled spending, Ghana is on track to achieve a 1.5 percent primary surplus this year,” he stated.
Investors praised the government’s transparent approach and clear fiscal targets. “The government’s transparent approach and clear fiscal targets inspire confidence. Ghana is clearly on the right path,” one participant commented.
A comprehensive debt management strategy is set to be unveiled in the upcoming Mid-Year Budget Review.
“This plan will outline critical steps to sustain economic growth, manage public debt effectively, and maintain investor confidence,” Dr. Ato Forson explained.
The meeting comes on the heels of a recent IMF staff-level agreement expected to unlock $360 million in financial support is slightly different from $370 million.
Dr. Ato Forson concluded, “Our commitment to disciplined and transparent financial management is unwavering. Ghana’s economic recovery is gaining momentum, and we are focused on delivering sustainable growth for our people.”