Ghana’s economy is expected to grow faster in 2026 as inflation eases and key sectors continue to recover, according to new projections by the African Development Bank (AfDB).
The Bank forecasts Ghana’s economy to expand by 5 percent in 2026, with growth expected to rise further to 5.4 percent in 2027, placing the country among the better-performing economies in West Africa.
The projection is slightly higher than the 4.8 percent growth forecast earlier made by the International Monetary Fund (IMF) and the World Bank.
In its 2026 African Economic Outlook Report, the AfDB said Ghana was showing signs of improving economic stability after years of high inflation, debt pressures and currency challenges.
The report projects inflation to end 2026 at around 9 percent, as price pressures continue to ease and macroeconomic conditions improve.
The Bank also expects Ghana’s budget deficit to narrow gradually from 2.6 percent of Gross Domestic Product (GDP) in 2026 to 2.2 percent in 2027, signalling improving fiscal discipline.
On the external front, Ghana is projected to maintain a healthy current account surplus of 3 percent of GDP in 2026 before easing slightly to 2.7 percent in 2027.
According to the AfDB, this reflects resilience in Ghana’s external sector despite ongoing global economic uncertainties.
Across the sub-region, West Africa’s economy is expected to grow by 4.7 percent in 2026, supported by stronger agricultural production, expanding agro-processing activities and continued investments in infrastructure, energy and transport.
However, the Bank warned that African economies still face major risks, including geopolitical tensions, rising oil and fertiliser prices and disruptions in global supply chains.
The report urged African governments to strengthen domestic revenue collection, improve public financial management and deepen regional trade under initiatives such as the African Continental Free Trade Area (AfCFTA).
The AfDB said these measures would help countries reduce dependence on external shocks and build stronger, more resilient economies.
