Economist Professor Patrick Asuming has expressed optimism that Ghana’s improving economic growth and the World Bank’s new projection of 4.3 percent GDP expansion in 2025 will strengthen investor confidence in the country.
In an interview with Joy Business, Prof. Asuming explained that recent data from the first two quarters of 2025 already signaled a steady rebound in the economy.
“We already saw that we are doing much better than before. So it means that something is working,” he said.
According to him, the latest growth trend reflects a broader and more inclusive performance across key sectors, with very few subsectors contracting.
“We’ve seen that growth has become more broad-based, especially the second quarter growth number. There are only maybe one or two subsectors that were contracting most subsectors were expanding,” Prof. Asuming noted.
He added that the strong performance and upward revision of growth figures have significant implications for investor sentiment and business expansion.
“When the economy is growing, it’s good for businesses. Incomes are growing, and it puts us in a stronger position. So generally, when growth projections are revised upwards, it brings more positive attention from investors,” he explained.
Prof. Asuming further urged policymakers to build on the momentum by maintaining prudent fiscal policies and promoting a stable business environment to sustain the gains achieved so far.
The World Bank’s October 2025 Economic Outlook raised Ghana’s growth forecast to 4.3 percent, citing improvements in exports, inflation management, and private sector recovery.
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