• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Ghana’s 2025 Fiscal Outlook Faces IMF Scrutiny Amid Economic Strains

5 months ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
97
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Ghana’s 2025 Fiscal Outlook Faces IMF Scrutiny Amid Economic Strains

Ghana’s ability to meet key fiscal targets ahead of the International Monetary Fund’s (IMF) fourth review in April remains in question, as the country grapples with persistent inflation, widening deficits, and structural inefficiencies, according to economic advisor Dr. Wisdom Dogbey.

Speaking during the NorvanReports and Economic Governance Platform (EGP) X Space discussion on the topic, “Resetting the Economy: Can Ghana’s 2025 Budget Achieve Fiscal Stability and Sustainable Growth”, Dr. Dogbey warned that the government’s economic trajectory suggests a high probability of missing key IMF benchmarks.

“The economy remains in distress, with inflation climbing from 23.2% in 2023 to 23.8% in 2024—well above the budget target of 15% and the IMF’s central target of 18%,” he noted. “This trend undermines the government’s ability to stabilize prices and meet its fiscal objectives.”

A widening fiscal deficit has further complicated efforts to restore macroeconomic stability. The primary balance deficit, originally projected to record a surplus of 0.5% of GDP, deteriorated to a 3.9% deficit in 2024—a “significant slippage,” according to Dr. Dogbey.

He also pointed to Ghana’s substantial debt repayment obligations due in 2027 and 2028, warning that these would be a key area of focus for the IMF. “We have pretty substantial debt service obligations in the coming years, and the IMF is watching closely,” he said.

Despite these concerns, Dr. Dogbey expressed confidence in the government’s latest policy interventions. He described the 2025 budget as a “game changer,” highlighting proposed reforms in taxation, social protection, and sector-specific investments, including a $1.5 billion allocation to the Agricultural Transformation Agenda and the establishment of the Ghana Gold Board.

RelatedPosts

Regular Fiscal Data Publication Key to Having an Effective Fiscal Council, Says Oppong Nkrumah

Finance Ministry Backs New Fiscal Council to Anchor Discipline and Stability

2025 Study: Where High Earners Keep Most of Their Money 

“These policies, if properly implemented, could drive revenue mobilization, enhance productivity, and create jobs,” he asserted. “They are bold, but that is exactly what Ghana needs at this juncture.”

The government’s fiscal credibility remains a key concern, with Ghana’s ability to meet IMF benchmarks likely to dictate investor sentiment and access to international capital markets. The April review will serve as a critical test of the administration’s ability to navigate its economic challenges while maintaining debt sustainability.

Tags: Ghana’s 2025 Fiscal Outlook Faces IMF Scrutiny Amid Economic Strains

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

GoldBod Introduces Special Bonus for Licensed Miners

Thomas Partey in Top Form for Black Stars Amid Legal Challenges – GFA 

BoG Tightens Foreign Currency Import and Export Rules to Curb Money Laundering

BoG Reiterates Warning Against Unauthorised Foreign Exchange Transactions

GRA to Tax Cryptocurrency Gains as Authority Prepares Digital Tracking System

 Importers and Exporters Association Decries “Mafiarian” Auctions of Perishable Goods at Ghana’s Ports

Trending

Business

Regular Fiscal Data Publication Key to Having an Effective Fiscal Council, Says Oppong Nkrumah

August 27, 2025

Regular Fiscal Data Publication Key to Having an Effective Fiscal Council, Says Oppong Nkrumah Ranking Member of...

Finance Ministry Backs New Fiscal Council to Anchor Discipline and Stability

August 27, 2025

2025 Study: Where High Earners Keep Most of Their Money 

August 27, 2025

GoldBod Introduces Special Bonus for Licensed Miners

August 27, 2025

Thomas Partey in Top Form for Black Stars Amid Legal Challenges – GFA 

August 27, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.