WIRE — 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 additional space for investment in priority sectors while maintaining Ghana's commitment to reducing public debt. According to the report, Ghana's primary fiscal surplus target could be reduced from 1.5% of Gross Domestic Product (GDP) to 0.5% from 2027 without undermining the country's target of reducing public debt to 45% of GDP by 2034.
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