Ghana’s economy experienced its slowest growth in nearly a year during Q2 2023, registering a 3.2% YoY increase. Fiscal tightening and high inflation are the primary reasons for this sluggish performance. As the country participates in an IMF program and seeks to restructure its USD 50 bln debt, economic output is anticipated to remain subdued. The Finance Ministry has lowered this year’s growth forecast to 1.5%, although projections for subsequent years are somewhat more optimistic.