Mining Sector Powers Ghana’s 2024 Economic Growth – IMF Report Supports Ato Forson’s Claims
A new International Monetary Fund (IMF) report highlights the mining sector as a key driver of Ghana’s economic growth in 2024, reinforcing earlier assertions made by Finance Minister Dr. Cassiel Ato Forson about the sector’s critical role in the country’s post-crisis recovery.
Accra, Ghana – Ghana’s mining sector is leading the charge in driving the country’s economic resurgence in 2024, according to the latest IMF report. The findings echo recent statements made by Finance Minister Dr. Cassiel Ato Forson, who credited the mining industry with playing a central role in stabilizing Ghana’s economy.
The IMF report indicates that increased production and exports of gold, bauxite, and other minerals significantly contributed to GDP growth in the first two quarters of 2024. The surge in mineral revenues helped to ease fiscal pressure and improve the country’s balance of payments.
“We are seeing real recovery signs, especially from the extractive sector. Ghana’s gold exports alone have shown record performance this year,” the report noted.
Finance Minister Dr. Ato Forson had earlier stated that targeted government policies, coupled with strategic partnerships in mining, were starting to yield results. He also emphasized the importance of environmentally sustainable practices and value addition to mineral exports.
The report has sparked positive reactions from economic analysts who believe this growth momentum—if sustained—can serve as a foundation for broader industrial diversification and employment creation.
✅ Conclusion:
As Ghana navigates a challenging global economic environment, the mining sector's rebound provides a beacon of hope. With the IMF backing claims from the Finance Ministry, focus now shifts to ensuring sustainable growth, transparency, and equitable distribution of wealth generated from natural resources.
What's Your Reaction?
