The World Bank has expressed growing confidence in Ghana’s economic recovery, endorsing the country’s reform trajectory as it shifts from crisis stabilisation to a more demanding phase of growth and fiscal consolidation.
At high-level meetings in Washington D.C., senior World Bank officials pointed to the country’s improving macroeconomic indicators and policy discipline as evidence that reforms are gaining traction, positioning the country for sustained engagement with development partners and potentially improved access to external financing.
Regional Vice President for Western and Central Africa, Ousmane Diagana, described the turnaround as impressive and signalling the Bank’s readiness to deepen support.
The endorsement comes at a crucial time for the country, which is emerging from a period of acute macroeconomic stress marked by elevated inflation, currency volatility and debt restructuring. Government officials say 2025 marked a turning point, with stabilisation measures beginning to yield measurable outcomes.
Finance Minister Dr. Cassiel Ato Forson, speaking on behalf of government, said the economy is now on a firmer footing, with policy efforts shifting toward consolidating gains and unlocking growth.
He cited a sharp decline in inflation – from about 23 percent to 3.2 percent – alongside improved exchange rate stability and continued investment in social programmes as key markers of progress.
World Bank executives noted that these developments are more than cyclical improvements, as recent performance reflects a sustained policy commitment that has begun to restore macroeconomic stability and credibility.