Director of the International Monetary Fund (IMF) African Department, Zeine Zeidane has stated things are moving in Ghana in the right direction.
Zeine Zeidane disclosed that Ghana is better positioned to withstand potential global commodity-price shocks.
The IMF offered an optimistic assessment of the economy as the Fund and World Bank conclude their 2026 Annual Meetings in Bangkok, Thailand.
Zeine Zeidane, highlighted that Ghana’s strong economic performance and recent credit-rating upgrade point to progress in the country’s recovery, as it moves beyond the completed Extended Credit Facility (ECF) bailout programme to a new phase of reforms under the Policy Coordination Instrument (PCI).
Director of the IMF’s African Department expressed confidence in the direction of the economy.
Speaking at a Sub-Saharan African press briefing during the meetings, Zidane stated, The performance has been strong up to now. And also, you certainly have seen that recently, there was an upgrade of Ghana. So, things are moving in Ghana in the right direction”.
He however, acknowledgied the risks posed by fluctuations in global commodity prices adding that Ghana was entering this period from a stronger position.
“Of course, the risk in terms of commodity prices, every country can face them, but I think Ghana is, if that happens, we will face them from a very strong position,” he added.
Also, the IMF has cited Ghana’s economic reform programme as an example for other countries to follow.
The IMF African Department Director, Zeine Zeidane, praised the country’s progress under the Extended Credit Facility (ECF).
During a meeting on the sidelines of the ongoing IMF-World Bank Annual Meetings in Bangkok, Thailand, Zeine Zeidane told Finance Minister Dr Cassiel Ato Forson. “We tell others to follow your steps”.
He further commended Ghana’s performance under the programme, describing it as a success and acknowledging the government’s efforts to strengthen economic management.
“I want to first commend you on how you are performing. The ECF was a great success,” he said.
He further expressed a positive assessment of Ghana’s current economic position, declaring that “Ghana is in a very good place.”
Meanwhile, Dr Cassiel Ato Forson, Ghana’s Finance Minister, has expressed confidence that Ghana’s economy will outperform the International Monetary Fund’s revised growth forecast of 5.7% for 2026.
Ato Forson, reacting to the IMF’s upward revision from its April projection of 4.6%, stressed that the government remained committed to fiscal discipline and reforms supporting the country’s economic turnaround.
Ato Forson stated, “The IMF has upgraded Ghana’s 2026 growth forecast from 4.6% to 5.7%. We are confident we will exceed that projection”.
The IMF’s revision represents an increase of 1.1 percentage points in the Fund’s growth forecast.
Dr Forson stated, “In Bangkok, I met with the IMF’s African Department Director, Zeine Zeidane, and reaffirmed our commitment to the fiscal credibility, discipline and bold reforms powering Ghana’s economic turnaround,” he said.
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