Ghana’s economic growth trajectory is finding its rhythm as a review by the international professional services firm, Deloitte Ghana, is projecting that the country may surpass its growth target for 2025.
Deloitte Ghana attributes that strong growth momentum to the high performance of industry and policy reforms like the anticipated 24-Hour Economy Programme.
According to Deloitte Ghana’s review of the 2025 Mid-Year Budget, the country recorded a GDP growth rate of 5.3% in the first quarter of 2025, outpacing both the 4.9% growth in Q1 2024 and the government’s own 2025 annual growth target of 4.0%.
The upbeat performance, especially in the face of recent global and domestic economic headwinds, signals growing macroeconomic momentum and offers hope that the broader recovery agenda is gaining traction.
The game changer, Deloitte says, is the industry sector. With a 6.8% expansion in Q1, the sector is not just leading the way but also confirming that recent industrial investments are beginning to pay off.
For the firm, this growth is an early indication of the benefits of sustained policy direction, infrastructure development, and targeted sector support.
“This indicates the likelihood of achieving the annual GDP growth target by the end of the year. The growth in Q1 2025 was anchored by the Industry sector, which expanded by 6.8%. This provides an early indication of previous investments in the industry yielding results,” Deloitte said in its review cited by The High Street Journal.
Looking ahead, Deloitte Ghana points to the government’s proposed 24-Hour Economy Programme as a critical lever to consolidate these gains.
If effectively implemented, the initiative could catalyse round-the-clock productivity, especially in manufacturing, agro-processing, logistics, and services, further stimulating growth, job creation, and foreign exchange earnings.
“Going forward, we expect policies like the 24-Hour Economy Programme to be key in creating an environment which will enable the Government to work with the private sector to achieve sustainable economic growth with tangible benefits for Ghanaians” the review added.
For ordinary Ghanaians, this could mean more jobs, greater access to goods and services, and a general uplift in living standards. For businesses, especially SMEs, it presents an opportunity to scale operations, innovate, and tap into expanded markets, day and night.
Deloitte is hopeful that as the government prepares to fully roll out the flagship 24-Hour Economy Initiative, Ghana may be entering a new phase of economic resilience where growth is not just a number but a shared national experience.
