African News Business and Economy

Ghana’s Economy Holds Strong, Faces Key Challenges

By Ajuma N / August 15, 2025

Ghana’s economy grew by 5.7% in 2024 despite global and local challenges, according to the World Bank.

Growth stayed solid in early 2025 at 5.3%, helped by debt restructuring and easing inflation. The Bank warns that fiscal setbacks in 2024 weakened earlier stability gains. Growth could slow to 3.9% in 2025 before rebounding to 5% in the medium term. Risks include delays in debt restructuring, high inflation, and external shocks. Domestic threats involve exchange rate swings, state enterprise losses, and climate impacts.

Reforms in public finance, energy, and private-sector growth are seen as urgent. The Bank says creating jobs for Ghana’s growing youth is vital for long-term success.

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