Ghana’s long-term economic outlook uncertain – Prof. Bokpin at IMF press briefing

During a press conference in Accra, Ghanaian economist Prof. Godfred Bokpin shared concerns about the country's economy. He spoke alongside IMF officials and highlighted issues with long-term economic stability.

Prof. Bokpin stated that Ghana struggles to maintain macroeconomic stability over time. "Our biggest problem is that we cannot achieve stability for long," he said. He noted that Ghana might enjoy some stability until the end of 2026.

However, he raised an important question: "What happens thereafter?" This uncertainty poses risks for business owners and investors making long-term decisions in Ghana.

He emphasized that the government's current position introduces considerable risk for businesses. Investors may hesitate due to this uncertainty surrounding the future of the economy.

Prof. Bokpin pointed out that those considering long-term investments will be concerned about what follows 2026. He questioned, "What happens after 2026?" This uncertainty makes it difficult for investors to commit to Ghana's economy.

He also highlighted a historical pattern of fiscal indiscipline in Ghana. "Fiscal indiscipline tends to escalate when we exit IMF programmes," he noted. This could lead to more challenges when the current IMF programme ends.