Ghana’s Economy Picks Up Steam in 2025

Ghana’s economy gained momentum in the first quarter of 2025, expanding by 5.3 percent year-on-year – up from a revised 4.9 percent in the same period last year – fueled by a rebound in agriculture and strong performance in the services sector.

“This growth is more than just numbers – it reflects a broader recovery and renewed confidence in Ghana’s economic trajectory amid global uncertainties,” said Alhassan Iddrisu, government statistician, during a press briefing Wednesday.

The West African nation, the world’s second-largest cocoa producer, is climbing out of its most severe economic downturn in decades. Last year’s growth stood at 5.7 percent, and Finance Minister Cassiel Ato Forson has projected that fiscal discipline will help sustain real GDP growth of at least 4 percent through the end of 2025.