Finance Minister, Dr. Cassiel Ato Forson, says Ghana’s economy is expected to grow by 4.4% in 2025, with non-oil GDP growth expected to reach 5.3%, as the government implements policies aimed stabilizing the macroeconomic environment and driving economic expansion.
However, the 2025 GDP growth forecast is lower than the 5.7% growth recorded in 2024, reflecting a more measured recovery following years of economic slowdown.
Presenting the 2025 Budget to Parliament, Dr Forson outlined the government’s key economic targets, emphasizing a focus on fiscal consolidation, revenue mobilization, and structural reforms to sustain growth.
“In pursuit of our macroeconomic objectives, the following targets have been set for the 2025 fiscal year: Overall real GDP growth of at least 4.4% and non-oil real GDP growth of at least 5.3%,” Dr. Forson said.
The government’s economic strategy for 2025 builds on the recovery seen in 2024 when the economy rebounded from a recession of 3.2% growth in 2023.
That rebound was driven by improved investor confidence, easing inflation, and targeted policy interventions.
To sustain growth, the government plans to maintain fiscal discipline, enhance tax compliance, and increase investment in key sectors such as agriculture, manufacturing, and services. These sectors are expected to drive productivity and enhance economic resilience.
However, Ghana continues to face high public debt, external financing constraints, and global economic uncertainties.
Economists warn that maintaining growth momentum will require prudent economic management, structural reforms, and consistent policy implementation.
Importantly, the projected expansion signals progress toward macroeconomic stability and reinforcing the government’s commitment to restoring confidence in the country’s economic system.
