Ghana: IMF predicts positive economic outlook for 2017

APA-Accra (Ghana)

The International Monetary Fund (IMF) has predicted a positive economic growth for Ghana this year.

A press conference in Accra published by the Ghanaian Times says the Assistant Director of the African Department of the IMF, Annalisa Fedelino, said after a fourth review of Ghana's programme under the IMF Extended Credit Facility, indication are that the country's economic growth be partly influence by the declining inflation.

"Economic prospects for 2017 are encouraging, as economic growth is expected to pick up, inflation is declining and prospects for a significant increase in international reserves, boosted by recent sizable foreign exchange inflows.

The press conference was held after a two week review of the IMF programme Ghana signed on to three years ago.

Ms. Fedelino said Ghana has a unique opportunity to turn around the economy.

She however noted that the positive economic growth could be achieved only through disciplined fiscal management in state-owned enterprises, particularly in the utility sector.


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