Cedi Stability, fiscal discipline, keys to 2025 economic success – IMF
The International Monetary Fund (IMF), has lauded Ghana’s economic success in 2025, attributing the improvement to fiscal discipline and a stabilization of the Cedi against major foreign currencies.
The Fund described this assessment as significant, given its typically cautious stance on economic forecasts.
“The IMF typically is conservative in their assessment and projections. We typically want to be surprised when it comes to growth. But overall, I would say 2025 has been a very good year,” IMF Resident Representative, Dr. Adrian Alter said during an appearance on Joy News’ PM Express on Thursday.
He further commended the government’s dedication to maintaining fiscal discipline, which he said has played a critical role in stabilizing the country’s public finances after a period of significant pressures, adding that well-coordinated macroeconomic policies, particularly the Bank of Ghana’s efforts in ensuring currency stability, have been central to this positive assessment.
“The fiscal discipline helped to put the public finances in order,” he noted. “The tight monetary policy and the accumulation of reserves by the Bank of Ghana helped with the cedi stability as well.”
“And then in terms of reforms, I would say a key structural reform implemented in 2025, there were many. But one key reform is the improvement to the Fiscal Responsibility framework, the Fiscal Responsibility Act,” Dr. Alter added.
The IMF Resident Representative pointed out that these changes have strengthened Ghana’s fiscal regulations and set the stage for more stronger oversight.
“That basically adds to fiscal rules and the plan to implement an independent fiscal Council,” he explained.
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