I’m optimistic about Ghana’s economic recovery – IMF Mission Chief

The International Monetary Fund’s (IMF) Mission Chief to Ghana, Stéphane Roudet, has expressed optimism that the current credit facility between the Fund and Ghana will yield positive results in the coming months and years.

Mr. Roudet acknowledged the current economic challenges facing the country and intimated that with Ghana holistically following the Fund’s proposed reforms, the country will soon see positive results.

In his closing remarks at a joint press conference with the Ministry of Finance and the Bank of Ghana on July 1, the IMF chief said Ghana’s key economic indicators are improving, which he said is a testament to the outcome of the Post-COVID-19 Programme for Economic Growth (PC-PEG).

“We understand the frustration of Ghanaians when the currency depreciates and we collectively do but what I think is important is for us to remember where we are coming from. We are coming from a very painful crisis in 2022 and what has been achieved so far is quite remarkable and so what is important is the direction of travel.

“Things are improving, the fiscal and external positions are improving, inflation is decreasing, growth is increasing, and everything is going in the right direction.

“The IMF programme will continue to be implemented provided the government keeps implementing the PC-PEG reforms and I am very optimistic that things will improve and that Ghana is on the right track and I am very optimistic that Ghanaians will see the benefits of the reforms in the months and years ahead.”