Ghana’s Economy To Expand By 4.2% – World Bank

Ghana’s economy is expected to expand by 4.2% in 2025 and 4.8% in 2026, according to the World Bank.

In its January 2025 Global Economic Prospects report, the Bank said these figures remain below the pre-COVID-19 pandemic average of 5%, reflecting persistent economic challenges.

The World Bank has also revised the country’s Gross Domestic Product (GDP) growth projection for 2024 downward to 4.0% from its initial 4.8% estimate in the October 2024 Africa Pulse Report which aligns with the International Monetary Fund’s (IMF) forecast.

The World Bank cautioned that risks to Ghana’s economic outlook remain skewed to the downside. Among key concerns are a sharper-than-expected slowdown in China, escalating geopolitical tensions—particularly in the Middle East—and worsening political instability in East Africa and the Sahel.

Additionally, prolonged inflationary pressures could keep global interest rates elevated, further straining highly indebted economies.

The increasing frequency of extreme weather events also poses risks, with potential implications for poverty levels across Sub-Saharan Africa (SSA).

Meanwhile, economic growth in SSA is estimated to have improved from 2.9% in 2023 to 3.2% in 2024, though this remains 0.3 percentage points below earlier projections due to ongoing conflicts in Sudan and other country-specific challenges that hindered recovery.

A Business Desk Report

_{Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.}