{"id":14806,"date":"2025-09-10T22:46:07","date_gmt":"2025-09-10T22:46:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/14806\/"},"modified":"2025-09-10T22:46:07","modified_gmt":"2025-09-10T22:46:07","slug":"ghanas-economy-rebounds-significantly-reaching-6-3-in-q2-2025","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/14806\/","title":{"rendered":"Ghana’s economy rebounds significantly, reaching 6.3% in Q2 2025"},"content":{"rendered":"

\n The recovery was mostly led by the services sector, which increased by 9.9% in the quarter, compared to only 2% growth the previous year.\n <\/p>\n

\n Finance, insurance, trade, and education were the most significant contributors to the country’s recovery, according to Government Statistician Alhassan Iddrisu, as seen on Reuters<\/a>.\n <\/p>\n

Contribution of non-oil to Ghana\u2019s GDP<\/p>\n

\n Excluding oil, Ghana’s GDP expanded by 7.8%, boosted by growth in agriculture and other service industries. While oil output fell, agriculture’s resiliency offered an important buffer.\n <\/p>\n

\n These current figures reflect a turning point for Ghana\u2019s economy, which is recovering from its most severe economic crisis in decades.\n <\/p>\n

\n Ghana’s inflation rate declined for the eighth consecutive month, demonstrating the country’s economic progress under its new leadership.\n <\/p>\n

\n Inflation, previously a major concern, fell to 11.5% in August 2025<\/a>, the lowest level since October 2021.\n <\/p>\n

\n The finance ministry has set a year-end target of 11.9%, indicating that the disinflationary trajectory is mostly on track.\n <\/p>\n

\n This disinflationary trend is visible in a variety of sectors, with food inflation decreasing to 14.8% in August from 15.1% the previous month and non-food inflation dropping to 8.7% from 9.5%.\n <\/p>\n

\n This gradual moderation follows a longer-term trend that began in early 2025, when inflation exceeded 20%.\n <\/p>\n

\n Inflation in the West African Gold Coast fell to 18.4% in May from 21.2% in April, and then to 13.7% in June, thanks mostly to a rise in gold prices, which increased the country’s foreign currency revenues and helped stabilize the cedi.\n <\/p>\n

\"Ghana <\/p>\n

\n During the second quarter, the local currency increased by about 50% versus the dollar, but it has subsequently fallen by 14.8% owing to seasonal import demand.\n <\/p>\n

\n Lower interest rates are expected to improve the outlook for the second half of the year.\n <\/p>\n

\n In July, the Bank of Ghana reduced its benchmark rate by 300 basis points to 25%, the highest decrease on record, as per Bloomberg.\n <\/p>\n

\n Another rate decrease is expected at the September 17 meeting, potentially boosting economic activity by lowering borrowing costs for firms and families.\n <\/p>\n","protected":false},"excerpt":{"rendered":"The recovery was mostly led by the services sector, which increased by 9.9% in the quarter, compared to…\n","protected":false},"author":2,"featured_media":14807,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-14806","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/14806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=14806"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/14806\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/14807"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=14806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=14806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=14806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}