Ghana’s economic prospects received a strong vote of confidence from international investors during a high-level meeting in Washington, D.C., led by Finance Minister Dr. Cassiel Ato Forson.
The event showcased the country’s progress in stabilizing its economy and improving fiscal management.
Dr. Ato Forson shared positive economic indicators, highlighting the Ghanaian cedi’s relative stability and signs of appreciation. He noted that international reserves now cover four months of imports—a reflection, he said, of the government’s “firm commitment to restoring macroeconomic stability.”
On domestic performance, the Finance Minister reported that the Ghana Revenue Authority exceeded its first-quarter target by over 2.4 billion cedis, thanks to strong VAT and other tax collections. Meanwhile, government spending on goods and services has remained at 2023 levels, ensuring fiscal discipline without compromising essential public services.
“With stronger revenue and prudent spending, Ghana is on course to achieve a 1.5% primary surplus this year,” he stated. He also reassured investors of the Bank of Ghana’s ability to meet coupon payments on time, underpinned by healthy reserves and financial sector stability.
Looking ahead, Dr. Ato Forson announced plans to unveil a comprehensive debt management strategy in the upcoming Mid-Year Budget Review. The strategy, he said, will focus on sustaining growth, managing debt effectively, and reinforcing investor confidence.
Investor reaction was notably positive. One participant remarked, “The government’s transparency and clear fiscal targets are inspiring. Ghana is clearly headed in the right direction.”
The meeting underscored growing investor trust in Ghana’s economic trajectory, supported by fiscal consolidation, structural reforms, and a recent IMF staff-level agreement expected to unlock $370 million in funding.
“Our commitment to disciplined, transparent financial management remains strong,” Dr. Ato Forson concluded. “Ghana’s recovery is accelerating—we are focused on delivering sustainable growth for our people.”
