Ghana’s economy to expand by 4.8% in 2024, 5.1% in 2025 driven by strong private consumption and investment – World Bank

According to the World Bank's Africa Pulse Report (October 2024), Ghana’s economy is projected to grow by 4.8% in 2024 and 5.1% in 2025-2026, driven by strong private consumption and capital deepening.

West African nations, excluding Nigeria, are expected to perform similarly, while the West African Economic and Monetary Union (WAEMU) is forecast to see stronger growth, reaching 5.7% in 2024 and 6.2% in 2025-2026.

Despite broader regional growth, Ghana and Guinea face a decline in per capita growth, raising concerns about economic sustainability amid the global recovery.