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

Yango ride. Photo: Yango Ghana/ Facebook
Yango and Flutterwave deepen fintech integration with cashless expansion in Zambia
Read More »
Gold mining machine, excavator. Photo by Albert Hyseni @ Unsplash
Nigeria targets $1bn annual mining FDI as deadly accidents expose safety crisis
Read More »
Mobile money instant payment in Africa. Photo by Olumide Bamgbelu @ Unsplash
Mali orders fintech firm Wave to pass 1% mobile money tax to users
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