Ghana's Economy Poised for 4.4% Growth in 2025

Ghana's Economy Poised for 4.4% Growth in 2025 - Ato Forson

Ghana's Finance Minister, Dr. Cassiel Ato Forson, has announced a promising economic forecast for 2025.

The country's Gross Domestic Product (GDP) is projected to rise to 4.4 percent by the end of 2025, with non-oil GDP expected to grow at an even higher rate of 5.3 percent.¹

This positive outlook signals the government's commitment to economic expansion and diversification. The projected GDP growth is a crucial indicator of Ghana's economic recovery, following years of challenges, including the COVID-19 pandemic, inflationary pressures, and external debt burdens.

The government's forecast suggests a steady economic rebound, driven by improved productivity in key sectors such as agriculture, manufacturing, and services. Ghana's economy has experienced fluctuations in recent years, but the expected 4.4 percent growth in 2025 is based on several macroeconomic strategies, including fiscal discipline, enhanced revenue collection, and investment in priority sectors.

It's worth noting that this projection is slightly higher than the International Monetary Fund's (IMF) forecast of 4.3 percent GDP growth for Ghana in 2025.² Additionally, the African Development Bank also predicts a GDP growth rate of 4.3 percent for Ghana in 2025.

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