IMF Director

IMF Predicts Ghana’s Inflation Rate To Reduce To 8.8% By 2028

IMF Predicts Ghana’s Inflation Rate To Reduce To 8.8% By 2028

The International Monetary Fund (IMF) has projected that, Ghana’s inflation rate by the end of the year 2028 would decline drastically to a single digit inflation of 8.8 percent. This was made known in the recently launched Fiscal Monitor report released on Tuesday, April 11, 2023. In the report, the Fund predicted that Ghana would end the year 2023 with an inflation rate of 45.5 percent and this would further decline by close of 2024 to 22.2 percent. On Ghana’s fiscal deficit, the report projected that, the country’s fiscal deficit will reduce to 7.3 percent by the end of 2023, however, in…
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