The International Monetary Fund (IMF) has given Ghana's economy a clean bill of health.

According to an IMF team, which is in the country for Article 4 Consultations, Ghana's economy remains favourable.

The IMF team, on Wednesday, 9 October 2019 met with the Finance Committee of Parliament as part of its mission.

The discussions, amongst others, centred on macroeconomic performance, revenue mobilisation, the financial sector clean-up and matters bordering on Ghana's exit of the ECF programme.

Addressing the media after the meeting, the Chairman of the Finance Committee, Dr Mark Assibey-Yeboah disclosed that the IMF is impressed with the management of the economy, post the country's 3-year ECF programme with the fund.

"They said the macroeconomic situation remains favourable. Those were the words of the Mission Chief. He said the projected GDP growth for 2019 is 7%, a reduction from the original 8.8%.

"Inflation is now at 7.8% and if you look at the trend over the past 13 months or so, it is not expected to rise", Dr Assibey-Yeboah stated.

Dr Assibey-Yeboah further disclosed that the IMF team praised Ghana for the smooth nature in which it has undertaken the banking clean-up exercise.

"As regards the banking sector clean-up..., what I gathered from them is that the whole process has been smooth and it really amazes them. For you to resolve all these banks, microfinance institutions and S & L's within a short period and still have financial stability, those at the helm must be doing something fantastic. What they have achieved is amazing", he added.