Ghana’s economic outlook received a strong endorsement during a high-level investor engagement held in Washington, D.C., led by Finance Minister Dr. Cassiel Ato Forson.
Investors responded positively to the significant strides Ghana has made in stabilizing its economy.
Dr. Forson shared a detailed update, noting that the cedi has remained relatively stable and has begun appreciating in recent days.
He also highlighted Ghana’s robust reserve position, which currently covers over four months of imports.
These developments were presented as clear indicators of the government’s commitment to macroeconomic stability and prudent economic management.
Dr. Forson further reported that domestic revenue performance has been encouraging. The Ghana Revenue Authority outperformed its first-quarter target by more than 2.4 billion cedis, driven by strong VAT collections and other key tax categories.
On the expenditure side, the government continues to exercise restraint. Allocations for goods and services have been largely maintained at 2023 levels, reinforcing the administration’s focus on fiscal discipline while ensuring essential public services are delivered.
With strong revenue performance and disciplined spending, Ghana remains on track to achieve a 1.5 percent primary surplus in 2025.
Dr. Forson also emphasized that the Bank of Ghana holds substantial external reserves, ensuring the timely servicing of coupon and interest payments. This, he noted, supports continued financial stability and bolsters investor confidence.
Looking ahead, he announced that the government will outline its comprehensive debt management strategy during the upcoming Mid-Year Budget Review.
The strategy will focus on sustaining growth, managing public debt responsibly, and deepening investor trust.
The meeting underscored the growing confidence in Ghana’s economic direction and the government’s steadfast commitment to transparency, discipline, and long-term stability.
ALSO READ: