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The government projects real GDP growth of at least 4.8% in 2026, backed by stringent fiscal reforms that aim to achieve a 4.0% fiscal deficit and 1.5% primary surplus.
Ghana has emerged from its worst economic crisis and is positioned for sustained growth, Finance Minister Cassiel Ato Forson announced. He said that the nation is “back, strong, credible, and open for business” during his 2026 budget presentation to parliament.
The government projects real GDP growth of at least 4.8% in 2026, backed by stringent fiscal reforms that aim to achieve a 4.0% fiscal deficit and 1.5% primary surplus. Forson outlining a path of sustained economic recovery after Ghana’s severe financial turmoil said that through fiscal discipline, the West African country has considerably tamed inflation, boosting investor confidence.
Inflation has plummeted from a record 54% in January 2023 to just 8% in October 2024 – the lowest level since June 2021 and within the government’s target band. The sustained decline prompted the central bank to implement a record 350-basis-point interest rate cut in September, reducing the benchmark rate to 21.5% as macroeconomic conditions steadily improved. Forson said that Ghana’s narrative has shifted “from one of crisis to recovery and renewal,” announcing plans to return to domestic debt markets in 2026.
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The finance minister directly addressed international partners, emphasizing that the country’s restored economic credibility positions it as a compelling investment destination following successful implementation of prudent policies and fiscal reforms.