Economy to remain on recovery path but growth projected at 3.6% in 2025 – Databank

Ghana’s economy is projected to grow by 3.6% in 2025, driven primarily by the services sector. Despite challenges in the cocoa subsector, signs of recovery are emerging.

Databank Research notes that while the economy is on a recovery path, the transition to a new government and efforts to consolidate previous achievements may slow short-term policy implementation.

The industrial sector's growth outlook is cautious due to energy debt and budget constraints, with challenges in construction and manufacturing.

Ghana’s real GDP growth for 2024 is expected to end at 4.5%, rebounding from 2023's downturn, fueled by IMF and World Bank funding, improved exports, and easing inflation.

However, the cocoa sector's struggles continue to hinder agricultural growth.