Ghana’s economy is now projected to grow by 4.8% in 2025, a significant upward revision from the 3.8% initially forecast. The improved outlook reflects better-than-expected performance across key sectors including agriculture, services, and a modest recovery in industry.
Delivering the 2025 Mid-Year Budget Review in Parliament on Thursday, July 24, Finance Minister, Dr. Cassiel Ato Forson said the revision is underpinned by the country’s continued macroeconomic stabilisation efforts, improved investor confidence, and strong policy implementation.
“Mr. Speaker, the economy is recovering strongly, and we have revised the 2025 GDP growth projection from 3.8% to 4.8%, anchored by gains in agriculture and services, as well as some recovery in the industrial sector,” he told Parliament.
Dr. Forson said the government’s policy reforms, supported by the IMF programme, have contributed to a stronger growth trajectory, adding that Ghana’s growth path is now more resilient and inclusive.
He emphasised that the upward revision is also a testament to the gradual restoration of business confidence and increased economic activity in the wake of global and domestic challenges.
READ: IMF programme on track, second review successfully completed – Finance Minister
The Minister assured the House that the government remains committed to sustaining growth momentum while ensuring fiscal discipline and inclusive development.
“We will continue to pursue structural reforms and targeted investments that enhance productivity and unlock growth across sectors,” he added.
Source: Starrfm.com.gh
