Ghana’s economy delivered a strong performance over the first three quarters of last year, expanding by 6.3% on a cumulative basis. Rising gold and oil production bolstered industrial activity over this period, while the ICT and financial sectors ensured robust growth in the services sector. The agricultural industry recorded modest growth due to volatility in the sector. Overall, we estimate that real GDP turned in growth of 6.2% last year, almost double the 3.0% recorded in 2023. We expect this momentum to persist throughout 2025, even though unfavourable base effects will guide economic growth rates lower. Ultimately, we forecast an expansion of 4.8% this year.
Research Assistance
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook