New IMF report predicts exciting times for the economy

A new report by the International Monetary Fund (IMF) on the Ghana is predicting some exciting times ahead for the economy.

According to figures released by the Fund, economic growth will pick up next year, while inflation is also expected to reduce substantially over the next two years. 

According to the report,  which was released,  following  the  approval  of the 918 million dollar facility by the board of IMF,  economic growth will increase to  6.4 percent in 2016 from the current projected  3.5 percent for this year , while inflation  is likely to end the year at 12 percent  and decline further to  10. 2 percent in 2016.

The country's gross international reserves will also improve substantially over the next two years to 7.5 billion dollars in 2017. 

The Revenue and Expenditure numbers are also expected to see some significant improvements.

However, according to some economists, if these projections by the IMF are anything to go by, then things might not be that bad in 2016, on the economic front, and especially going into an election year with all its associated problems.

For some, these figures could also convince investors that prospects for the economy are good and it might be a good time to invest in Ghana irrespective of the 2016 elections, a period you see some investors pull their funds   because of the uncertainty and fear of instability.