Ghana’s economy is projected to grow by 4.2% in 2025 and 4.8% in 2026, according to the World Bank’s latest Global Economic Prospects report.
While these figures indicate a gradual recovery, they remain below the pre-pandemic growth average of 5%, underscoring lingering economic pressures.
The report also downgraded Ghana’s 2024 GDP growth forecast to 4.0%, down from an earlier 4.8% projection, aligning with the International Monetary Fund’s (IMF) outlook.
Despite the expected growth, the World Bank cautioned that Ghana’s economic prospects face significant risks.
Key concerns include a potential slowdown in China, heightened geopolitical tensions in the Middle East, and instability in East Africa and the Sahel region.
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Inflationary pressures and elevated global interest rates could further strain Ghana’s economy, especially given its debt vulnerabilities.
Additionally, the increasing frequency of extreme weather events poses a threat to economic stability and could exacerbate poverty levels across Sub-Saharan Africa.
Regionally, Sub-Saharan Africa’s economic growth is estimated to have improved from 2.9% in 2023 to 3.2% in 2024.
However, ongoing conflicts, particularly in Sudan, and country-specific challenges have hindered a stronger recovery.
With these uncertainties, Ghanaian policymakers face growing pressure to implement measures that strengthen economic resilience and ensure sustainable growth in the coming years.
