Africa-Press – Ghana. The Chief of Mission of the International Monetary Fund (IMF), Stéphane Roudet, has confirmed that Ghana’s economic recovery is turning out to exceed expectations.
“What we are seeing in terms of growth dynamics is better than what we were anticipating,” Mr Roudet said on Friday, October 6.
“I think this is very good news,” he added.
The IMF Chief of Mission was speaking at a joint press conference held at the Ministry of Finance with the sector minister, Kenneth Nana Yaw Ofori-Atta, in attendance.
The press conference follows recent meetings with the IMF Mission over the $3-billion external credit facility (ECF) Ghana is currently undergoing with the Fund.
Mr Roudet was happy a lot of the indicators are improving and showing favourable signs.
“Inflation is coming down, international reserves of the central bank are going up which is also very important to boost confidence.”
He added that the economy is generally experiencing a turnaround.
“So, clearly there is a turnaround, there is an improvement and signs of macroeconomic stability are now emerging.”
He, however, cautioned the authorities not to rest on their oars but to strive to improve the situation.
Finance Minister Ofori-Atta expressed confidence that the country is on the right path to economic recover.
“Already, the economy is responding positively, strongly to the news of the GoG and the IMF reaching an LSA for the first review and we are eager to leverage on this.”
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