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Analysis by Region - Emerging Markets - Ghana

Publisher Oxford Economics
Published Oct 08, 2025
Length 7 Pages
SKU # OFE20535957

Description

Ghana’s economy has gained more momentum than expected, supported by resilient services activity and firm domestic demand. Strong household spending, healthier government revenues, and improving borrowing conditions are helping to stabilise the near-term outlook. Business confidence remains upbeat, though maintaining this impetus will depend on fiscal austerity and exchange rate stability. Consequently, we lifted our growth projection for 2025 by 1.1 ppts to 5.7%.

Table of Contents

7 Pages
Ghana: Strong growth, disinflation keeps outlook favourable
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Long-term prospects
Alternative long-run scenarios
Background
Economic development
Structure of the economy
Balance of payments
Policy and politics

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