"World Bank Says Ghana Has Spent 40 of 68 Years Under IMF Programmes"

" World Bank Says Ghana Has Spent 40 of 68 Years Under IMF Programmes \r\n Ghana has spent nearly six decades of its post-independence history under the tutelage of the International Monetary Fund (IMF), with 40 of its 68 years tied to 17 separate IMF programmes, according to the World Bank\u2019s 2025 Policy Notes titled \u201cTransforming Ghana in a Generation\u201d . \r\n The report warned that without bold reforms, Ghana risks growth stagnating at around 3.8 percent, delaying its aspiration of achieving upper-middle-income status until beyond 2050. \r\n \u201cGovernance challenges continue to obstruct policy reforms and structural transformation, with persistent fiscal indiscipline, inefficiencies, and mismanagement eroding trust,\u201d the report noted. \r\n The Bank stressed that Ghana\u2019s heavy reliance on natural resources has curtailed structural transformation and productivity gains. It cautioned that the country faces significant risks if reforms stall, including insufficient quality job creation, rising poverty, widening regional disparities, fiscal fragility, and environmental degradation. \r\n \u201cThe real risk is complacency and business-as-usual,\u201d the World Bank said, adding that the upcoming four years present a unique opportunity for Ghana to reset its economic trajectory and rebuild the social contract, particularly in the context of election cycles. \r\n The report underscored that Ghana\u2019s 2022 economic crisis was not only the result of external shocks but also a reflection of deep-seated structural weaknesses. \r\n While Ghana recorded remarkable progress in the early 2000s, this momentum was followed by what the Bank described as a \u201clost decade,\u201d culminating in the 2022 macroeconomic collapse. \r\n Currently, Ghana\u2019s income per capita stands at about US$2,200, a figure that has largely stagnated for over a decade. "

"World Bank Says Ghana Has Spent 40 of 68 Years Under IMF Programmes"

Inbound Tourists Pump GHS15.2bn into Ghana’s Economy AMP

Why Africa’s Largest Untapped Oil Field Has Yet to FlowAMP

10 African Countries With the Lowest IMF Debt in September 2025AMP