Search

Ghana’s Economic Outlook: Modest Growth in 2024 with Stronger Rebound Expected

  • Ghana’s economy projected to grow by 2.9% in 2024, with acceleration to 4.4% in 2025
  • Election-related spending and fiscal reforms to influence short-term growth

 

Accra, Ghana – Ghana’s economy is expected to grow by 2.9 percent in 2024, but a strong rebound is anticipated in the following years, according to the latest Global Economic Prospects report from the World Bank released Wednesday. The report forecasts Ghana’s GDP growth accelerating to 4.4 percent in 2025 and 4.9 percent in 2026.

Recent Business

Makkala nguzu Market, Choma, Zambia. Photo by Seiko Yamada @ Unsplash
Zambia secures multi-billion-dollar UAE investment talks to boost energy sector
Read More »
Mpumalanga, South Africa. Photo by Tiry Nelson Gono @ Unsplash
South Africa inflation eases to 3.5% as fuel prices fall
Read More »
Dangote Cement truck. Photo @ Dangote Cement website
Nigeria’s NGX records first commercial paper listing as Dangote Cement raises $89.58mn
Read More »

Recent Politics

A cheerful Kenyan citizen at a public celebration. Photo: @ William Ruto/Facebook
Why is Kenya on full campaign mode one year to 2027 elections?
Read More »
Port Harcourt, Nigeria. Photo by Emmanuel Ikwuegbu @ Unsplash
Why are Nigerians protesting electoral reforms ahead of 2027 polls?
Read More »
Kenya's ODM split over age, factions and 2027 political strategy. Photo @ The ODM Party/Facebook
Kenya’s ODM in turmoil: Sifuna ouster exposes rift over Ruto alliance
Read More »

Latest Posts

Latest news insights