The African Development Bank forecasts that Ghana’s economy will grow by 5 percent in 2026, rising to 5.4 percent in 2027, positioning the nation among the top-performing economies in West Africa.
This projection is slightly above the 4.8 percent growth estimates provided by both the International Monetary Fund and the World Bank.
According to the Bank’s 2026 African Economic Outlook Report, Ghana’s inflation rate is expected to end the year at 9 percent. This figure surpasses the current inflation rate of approximately 3 percent recorded in the country, indicating expectations of enhanced macroeconomic stability and reduced price pressures.
The report also predicts a gradual enhancement in Ghana’s fiscal situation, with the fiscal deficit expected to decrease from 2.6 percent of GDP in 2026 to 2.2 percent in 2027.
On the external side, Ghana is projected to sustain a relatively robust current account position, with a surplus of 3 percent of GDP in 2026, which is expected to slightly decrease to 2.7 percent in 2027, highlighting the resilience of the country’s external sector despite ongoing global uncertainties.
More generally, the African Development Bank anticipates that West Africa’s economy will grow by 4.7 percent in 2026, bolstered by strong agricultural production, expanding agro-processing value chains, and continued public investment in infrastructure, energy, and transportation systems.
Nevertheless, the Bank warned that increasing geopolitical tensions, high global oil and fertilizer prices, and ongoing supply chain disruptions pose significant downside risks to African economies, including Ghana.
The report further emphasized the necessity for African nations to enhance domestic resource mobilization, deepen regional trade integration, and improve fiscal management to mitigate exposure to external shocks and strengthen economic resilience.
