- Robust Economic Growth: Ghana’s economy grew by 5.7% in 2024, with a steady 4.0% growth forecast for 2025 despite ongoing global challenges.
- Strong Cedi Recovery: The Ghana cedi has bounced back, appreciating 21.5% year-to-date, reversing last year’s 19.2% decline.
- Inflation Moderation: Inflation rates eased from 23.8% in December 2024 to 21.2% in April 2025, signaling gradual price stability.
- Foreign Reserves Strengthened: Ghana’s foreign reserves reached $10.67 billion, covering 4.7 months of import needs, enhancing external stability.
- Trade and Current Account Surpluses: Early 2025 saw a trade surplus of $4.14 billion and a current account surplus of $2.12 billion, boosting economic resilience.
- Monetary Policy Steadiness: The policy rate was maintained at 28% to firmly anchor inflation expectations and support macroeconomic stability.
- Liquidity Management Reform: A strategic shift from passive to active Open Market Operations (OMO) has improved liquidity control in the financial system.
- Gold Sector as a Pillar: High global gold prices (around $3,200/oz) alongside the Gold-for-Reserves program continue to underpin the cedi’s strength.
- Financial Sector Recovery: Capital adequacy in banks is improving, and the digital finance ecosystem is expanding rapidly, promoting financial inclusion.
- Investment Opportunities: Ghana is actively promoting investments in green energy, fintech, agribusiness, and manufacturing linked to the AfCFTA to drive future growth.
So What?
Ghana’s economy is showing strong signs of recovery and resilience, with positive growth, improved currency stability, and strategic policies paving the way for a brighter future.
