Accra, April 15, – The World Bank has commended Ghana’s macroeconomic stabilisation efforts, expressing support for reforms aimed at strengthening long-term growth and resilience.
Mr Ousmane Diagana, World Bank Vice President for Western and Central Africa, said the Bank would continue to back priority sectors including energy and agriculture under Ghana’s new Country Partnership Framework.
He made the remarks when he met the Minister for Finance, Dr Cassiel Ato Baah Forson, on the sidelines of the 2026 World Bank Group (WBG) and IMF Spring Meetings in Washington.
Mr Diagana said sustained macroeconomic stability was key to attracting investment and ensuring that ongoing reforms translated into real benefits for households and businesses.
At the same time, Ghana’s economic recovery featured prominently at the African Fiscal Forum High-Level Roundtable, where Dr Forson presented the country’s recent macroeconomic performance.
Speaking on “Macro-Fiscal Developments and Outlook in Sub-Saharan Africa,” the Finance Minister said Ghana’s recent experience showed that African economies could recover from crisis through bold and sustained reforms.
He noted that after severe economic challenges in 2022 and 2023, policy adjustments introduced from 2025 had helped restore stability and strengthen economic fundamentals.
Dr Forson said real GDP growth increased to 6.0 per cent in 2025, compared with 5.8 per cent in 2024, reflecting a gradual but steady recovery.
He also cited a sharp decline in inflation from 23.8 per cent in 2024 to 5.8 per cent in 2025, and further easing to 3.2 per cent in March 2026.
The Minister further pointed to significant gains in the external sector, including a more than 40 per cent appreciation of the cedi against the US dollar in 2025, with additional gains recorded in 2026.
On fiscal performance, he said Ghana’s primary balance improved from a deficit of 2.9 per cent of GDP to a surplus of 2.6 per cent in 2025, describing it as evidence of stronger fiscal discipline.
He added that the debt-to-GDP ratio declined from 61.8 per cent to 45.3 per cent by the end of 2025, ahead of earlier projections, while foreign reserves rose to cover 5.8 months of imports.
Dr Forson said these gains reflected strengthened institutions, tighter expenditure controls and a deliberate effort to anchor policy on credible fiscal rules.
The World Bank reiterated its commitment to supporting Ghana’s development priorities, particularly in areas seen as critical to sustaining growth and job creation.
GHBUSS
15 April 2026
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