IMF backs slower fiscal tightening for Ghana from 2027 to allow more development spending

The International Monetary Fund (IMF) says Ghana can adopt a more flexible fiscal path from 2027, allowing increased development spending while still remaining on course to meet its long-term debt reduction targets. In its latest Article IV Consultation and proposed Policy Coordination Instrument (PCI) report, the Fund said improvements in Ghana’s debt position and macroeconomic stability provide room to slow the pace of fiscal consolidation. The IMF said the revised approach would create…