Ghana 29.05.2025

·         President John Dramani Mahama has announced that Ghana plans to exit the current IMF program by 2026. He hopes that if the government continues to work diligently to meet the targets they should conclude the three-year Extended Credit Facility arrangement on schedule. https://www.ghanaweb.com/GhanaHomePage/business/Ghana-to-exit-IMF-program-in-2026-President-Mahama-1985471

·         The Bank of Ghana said the economic recovery is still on track but the challenge ahead is keeping the trust of the investors and public. The governor spoke at a roundtable during the African Development Banks annual meeting and stated they are on track but it still requires hard work and strong leadership.  https://www.gbcghanaonline.com/news/business/economic-ghana-2/2025/

·         Exports hit $9.3bn in April. Both Cocoa and gold reported strong performances. https://www.myjoyonline.com/ghanas-exports-hit-9-3bn-in-april-2025-bog-report/

·         Fitch Solutions has indicated that the county’s inflation will average at 18.8% this year. In 2024 it was 22.9%. They have also projected 15.2% in 2026. https://www.myjoyonline.com/inflation-to-average-18-8-in-2025-fitch-solutions/

·         The Central Bank has kept the rate steady at 28.0%. https://www.reuters.com/world/africa/ghana-central-bank-keeps-rate-unchanged-inflation-eases-2025-05-23/

·         Modern Ghana has written an article looking at the challenges the county faces as they decide whether to exit the IMF agreement or extend the cycle next year. https://www.modernghana.com/news/1403722/ghanas-imf-crossroads-graduation-or-indefinite.html