Ghana Revises Economic Targets Following Debt Restructuring

• GDP growth revised upwards from 2.8% to 3.1% for 2024
• Fiscal deficit target adjusted from 4.8% to 4.2% of GDP

Accra, Ghana – The government of Ghana has revised its macroeconomic and fiscal targets in light of recent economic developments and the conclusion of its external debt restructuring talks.

Overall GDP growth has been revised upwards from 2.8% to 3.1%, with non-oil GDP growth adjusted from 2.1% to 2.8%. Data from the Ghana Statistical Service indicates the economy grew by 4.7% in the first quarter against a target of 3.1%.