World Bank applauds Ghana’s economic turnaround

The World Bank has commended Ghana’s ongoing economic recovery, describing recent gains as a significant turnaround and praising the leadership of Finance Minister Cassiel Ato Forson.

The endorsement came during a high-level engagement in Washington, D.C., where senior officials of the Bank reviewed Ghana’s reform programme and expressed readiness to strengthen collaboration with the country.

The development was shared on the official Facebook page of the Ministry of Finance.

World Bank Regional Vice President for Western and Central Africa, Ousmane Diagana, commended Ghana’s progress over the past year, describing the improvement in economic indicators as encouraging and a sign of effective policy direction. He noted that the Bank remains committed to supporting Ghana’s recovery and long-term development agenda.

On his part, Dr. Forson told the meeting that 2025 marked a turning point for Ghana’s economy after a difficult period, adding that government is now focused on consolidating gains and restoring sustainable growth.

He explained that the country is steadily moving toward debt sustainability while laying the foundation for a more resilient and inclusive economy.

Senior World Bank officials also highlighted key aspects of Ghana’s reform efforts. Regional Practice Director for Prosperity (Macroeconomics, Trade and Investment), Seynabou Sakho, praised the Finance Minister’s fiscal discipline and restructuring programme, describing it as exemplary and widely acknowledged beyond Ghana’s borders.

She noted that Ghana’s approach to fiscal adjustment has attracted positive attention within international development circles.

Regional Practice Director for People (Education, Health and Social Protection), Trina Hague, also acknowledged the government’s commitment to protecting vulnerable groups despite economic challenges, stressing that social protection measures have helped cushion citizens during the recovery phase.

Dr. Forson highlighted major macroeconomic improvements, including a reduction in inflation from 23 percent to 3.2 percent, improved currency stability, and sustained investment in social intervention programmes.

He further outlined government’s next phase of reforms, which will focus on agriculture, energy, education, and infrastructure, aimed at consolidating stability and accelerating inclusive growth.

The Ministry of Finance added that the engagement forms part of ongoing efforts to deepen cooperation with development partners as Ghana continues its recovery path.