Ghana’s economy is projected to grow by 4.2% in 2025 and 4.8% in 2026, according to the World Bank’s January 2025 Global Economic Prospects report. Despite these positive projections, growth remains below the pre-pandemic average of 5%, reflecting ongoing economic challenges.
The World Bank has also lowered Ghana’s GDP growth forecast for 2024 from 4.8% to 4.0%, aligning with the International Monetary Fund (IMF) outlook. The downgrade highlights mounting economic risks, including China’s slowdown, geopolitical tensions in the Middle East, and political instability in East Africa and the Sahel.
Additionally, persistent inflation and high global interest rates could further strain highly indebted economies like Ghana. The increasing impact of extreme weather events is also a concern, with potential consequences for poverty levels across Sub-Saharan Africa (SSA).
Overall, SSA’s economic growth is estimated to improve from 2.9% in 2023 to 3.2% in 2024, though this remains lower than previous projections due to conflicts in Sudan and other country-specific setbacks.
With these uncertainties, policymakers must prioritize strategies to strengthen economic resilience and sustain long-term growth.
Source : World Bank
