Standard Bank projects GDP to hit 5.4% Source: Joy Business

Standard Bank Group’s Head of Africa Research, Jibran Qureishi, projects Ghana’s economy to grow by 5.4% in 2025, following a strong 5.8% expansion in 2024.

Speaking at the Stanbic Economic Series webinar, he credited this resilience to the mining sector, particularly gold, and the revival of underperforming mines like Obuasi. Future growth prospects are further bolstered by the anticipated launch of a large lithium facility in 2026/2027.

However, challenges persist in non-mineral sectors like manufacturing, real estate, and agriculture, which were impacted by drought in Northern Ghana. Qureishi cautioned that fiscal imbalances and energy sector arrears could threaten economic stability.

He also forecasted a weakening cedi, potentially reaching GH¢16.4 to US$1, urging prudent economic management to sustain growth and enhance foreign exchange stability.