The International Monetary Fund (IMF) has cautioned the government that its recent fuel subsidy measures must remain temporary and carefully targeted to avoid undermining Ghana’s fiscal gains. IMF warns over subsidy impactWhile acknowledging Ghana’s improving macroeconomic outlook, the IMF stressed that fuel subsidies should not become a permanent policy tool. According to the Fund, “the recent fuel subsidy measures must be temporary and well targeted.” IMF flags wider economic risksBeyond the fuel subsidy, the IMF noted that Ghana’s short-term economic outlook remains positive but warned that significant risks persist. Ghana’s debt outlook improvesDespite the warnings, the IMF formally upgraded Ghana’s debt distress rating from high risk to moderate risk.