The Ghanaian delegation, led by Minister for Finance Dr. Cassiel Ato Forson, held a high-level engagement with global investors on the sidelines of the ongoing IMF-World Bank Spring Meetings in Washington, D.C.
The event, hosted by the international law firm Hogan Lovells, brought together key stakeholders to deliberate on Ghana’s economic recovery strategy, progress under the IMF programme, and future investment prospects.
The delegation included the Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, and Mr. Seth Terkper, Presidential Advisor on the Economy. Together, they presented a unified front on Ghana’s efforts to reset its economy and restore market confidence following years of macroeconomic challenges and sovereign debt restructuring.
In his keynote presentation, Dr Forson emphasized the government’s commitment to prudent fiscal management, supported by robust reforms in public financial management, tax administration, and expenditure controls.
“The 2025 Budget marks a turning point,” he noted. “It is about restoring fiscal responsibility, ensuring debt sustainability, and fostering inclusive growth through job creation and social protection.”
Dr Asiama highlighted the central bank’s inflation-targeting policy and monetary tightening stance, which have contributed to currency stability and improving reserve buffers. He reaffirmed the Bank of Ghana’s resolve to maintain price stability while supporting financial system resilience and growth.
The presentation showcased Ghana’s macroeconomic progress, including a rebound in GDP growth to 5.7% in 2024, declining inflation, and a debt-to-GDP ratio on track to fall below 55% by end-2025.
The team also spotlighted key structural reforms, such as the operationalization of the single treasury account for the energy sector and amendments to the PFM and Procurement Acts to curb arrears and inefficiencies.
Investors were updated on the status of Ghana’s debt restructuring, with over 93% of eligible public debt already restructured. This milestone, the delegation noted, positions Ghana for positive credit rating reviews and eventual reentry into the international capital markets.
Mr. Terkper underscored the importance of credibility and transparency in rebuilding trust with the investor community. “Our actions are deliberate and structured to align with long-term economic transformation. Ghana is open for business,” he said.
The investor dialogue provided an opportunity for Ghana to reinforce its reform agenda and assure creditors of its commitment to sustained macroeconomic stability and growth.
