The International Monetary Fund (IMF) has expressed a rare note of optimism about Ghana’s economic performance, with its Resident Representative, Dr. Adrian Alter, describing 2025 as a strong year supported by fiscal discipline and sound policy decisions.

Speaking on Joy News’ PM Express Business Edition on Thursday, Dr. Alter noted that the IMF’s typically cautious outlook makes the positive assessment particularly significant.

“The IMF is usually conservative in its assessments and projections. We generally expect to be surprised when it comes to growth,” he said. “But overall, I would say 2025 has been a very good year.”

Central to this positive assessment, according to Dr. Alter, was the government’s commitment to fiscal discipline, which helped stabilise public finances after years of strain.

“The fiscal discipline helped to put the public finances in order,” he said.

He also linked Ghana’s improved economic outlook to coordinated macroeconomic policies, highlighting the Bank of Ghana’s role in maintaining currency stability.

“The tight monetary policy and the accumulation of reserves by the Bank of Ghana contributed to cedi stability as well,” he explained.

Beyond short-term stabilisation, Dr. Alter pointed to structural reforms implemented in 2025 that he said would strengthen Ghana’s fiscal credibility in the long term.

“One key reform was the improvement to the Fiscal Responsibility framework through the Fiscal Responsibility Act,” he said. “This strengthens fiscal rules and lays the foundation for the implementation of an independent Fiscal Council.”

Dr. Alter’s comments reflect months of policy measures aimed at consolidating macroeconomic stability while building institutional frameworks to enhance transparency and oversight in public finance management.