The World Bank has revised Ghana’s 2025 economic growth forecast upward to 4.3%, from its earlier projection of 3.9%, signalling renewed optimism about the country’s recovery trajectory.
This update was contained in the October 2025 edition of Africa’s Pulse Report, released by the Bank in Washington, D.C.
The revised forecast is slightly below the 4.4% growth target set by the Government of Ghana in the 2025 Budget.
Ghana’s economy expanded by 6.3% in the second quarter of 2025, powered largely by the services sector, which grew by 9.9% and contributed the most to GDP.
The World Bank projects growth to strengthen further to 4.6% in 2026 and 4.8% in 2027, underscoring a positive medium-term outlook.
Across the continent, Sub-Saharan Africa’s economy is expected to grow by 3.8% in 2025, up from 3.5% in 2024.
The Bank attributed the rebound to easing inflationary pressures and a modest recovery in investment, despite persistent global headwinds.
It noted that the number of African countries with double-digit inflation has dropped sharply—from 23 in October 2022 to 10 in July 2025—reflecting progress in price stabilization.
However, the report cautioned that downside risks remain, including trade policy uncertainty, weak investor sentiment, and shrinking access to external finance and aid.
The World Bank expects Ghana’s inflation to close 2025 at 15.4%, a projection that contrasts with the official rate of 9.4% in September 2025, down from 21.5% a year earlier.
The Bank’s forecast appears conservative, given the country’s recent disinflation trend.
Nonetheless, the report expressed optimism that inflation will continue easing, dropping to 9.4% in 2026.
The Bank of Ghana, in its latest Monetary Policy Report, also reaffirmed expectations for inflation to remain within the single-digit range by year-end.