Country Economic Forecasts - Ghana

Country Economic Forecasts - Ghana

Ghana weathered the Covid-19 pandemic relatively well last year. Real GDP growth stood at 0.2% y-o-y over the first nine months of 2020, and we think economic activity recovered further still in Q4. Accordingly, we have adjusted our real GDP growth estimate upwards: we now reckon the economy grew by 0.2% in 2020, thus narrowly avoiding a contraction. Looking ahead, we forecast real GDP growth of 4.7% in 2021 as the impact of the crisis slowly lessens, trade resumes, and domestic activity ticks up.