Ghana’s economy is experiencing robust growth, positioning the country as one of Africa’s most dynamic economies in recent years.
In 2024, Ghana recorded an impressive average real GDP growth rate of 6.3% for the first three quarters, with quarterly expansions peaking at 7.2% in Q3—the highest in five years—driven by strong performances in the industry, services, and non-oil sectors.
While growth is projected to moderate slightly, major institutions such as the IMF and Fitch Solutions forecast GDP growth rates between 4% and 4.2% for 2025, supported by rising gold prices and resilient private consumption and investment.
Despite challenges like elevated inflation and a high public debt ratio, ongoing fiscal consolidation, improved export performance, and a commitment to structural reforms are expected to sustain Ghana’s economic momentum and enhance its long-term resilience.
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