Joy Business News

Finance Minister Dr Mohammed Amin Adam has reassured businesses and market stakeholders, stressing that the Bank of Ghana (BoG) holds sufficient dollar reserves to meet market demands.

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Finance Minister Dr. Mohammed Amin Adam has disclosed that the IMF Board is scheduled to meet on December 2, 2024, to discuss Ghana’s Third Programme Review. This review could result in the release of $360 million to the Bank of Ghana to support the Government’s budget and balance of payment needs.

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The International Monetary Fund (IMF) has projected Ghana’s Debt-to-GDP ratio to end 2024 at 82.9 percent.

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The IMF projects that Ghana will end 2024 with a growth rate of 3%, according to the World Economic Outlook Report released in Washington, D.C., on Tuesday during the IMF/World Bank meetings.

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Ghana’s debt is expected to decline to 70% of Gross Domestic Product (GDP) in 2024 from 77% of GDP in 2023.

It is also expected to narrow to 68% in 2025 and 2026 respectively

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