ACCRA: The International Monetary Fund (IMF) has revised Ghana's projected Gross Domestic Product (GDP) growth for 2024 from 3.1 percent to 4 percent, reflecting updated data on the country's economic performance. This adjustment follows a comprehensive review by the IMF, highlighting the positive impact of Ghana's debt restructuring and macroeconomic recovery under a $3 billion IMF program. According to Ghana News Agency, the revision was announced during the Sub-Saharan Africa Regional Economic Outlook, held on the sidelines of the 2024 Annual Meetings of the IMF and the World Bank Group. Mr. Abebe Aemro Selassie, Director of the IMF's African Department, attributed the revised projection to recent data gathered by the IMF team in Accra, which showed a significant improvement over the earlier estimates based on mid-2023 data. Ghana's GDP growth surged from 2.8 percent in the first half of 2023 to 5.9 percent in the same period in 2024, a development Mr. Selassie attributed to rigorous reform implementatio n. He emphasized the importance of consolidating these gains, particularly with the upcoming elections, which historically have been accompanied by increased fiscal expenditures. Mr. Selassie urged the Ghanaian government to maintain a balanced approach to development spending and debt sustainability, especially during the election cycle. He stressed the need for modest fiscal deficits to ensure a stable macroeconomic environment. On a broader scale, Mr. Selassie noted that the IMF anticipates a modest GDP growth of 3.6 percent for the continent in 2023, with projections indicating an increase to around 4.2 percent by 2025. He called on African governments to continue improving macroeconomic balances while ensuring that reforms are socially and politically acceptable.