Stéphane Roudet, the Chief of Mission of the International Monetary Fund (IMF), has acknowledged that Ghana’s economic recovery is performing better than initially anticipated.

Roudet shared this optimistic assessment during a joint press conference held at the Ministry of Finance, where he was joined by Ghana’s Finance Minister, Kenneth Nana Yaw Ofori-Atta.

The press conference followed recent meetings between the IMF Mission and Ghana regarding the country’s $3-billion external credit facility (ECF) with the IMF.

Roudet expressed his satisfaction with the improving economic indicators, citing factors like decreasing inflation and rising international reserves held by the central bank, which contribute to bolstering confidence.

He noted that Ghana’s economy is showing signs of macroeconomic stability and an overall turnaround.

However, Roudet cautioned that it’s crucial for authorities not to become complacent but to continue striving for further improvements.

Finance Minister Ofori-Atta echoed this sentiment, expressing confidence in Ghana’s ongoing economic recovery and its positive response to the collaboration between the government and the IMF.