The Governor of the Bank of Ghana (BoG), Dr. Johnson Pandit Asiama, has indicated that the global economy demonstrated greater resilience than anticipated in 2025. This growth was largely bolstered by fiscal stimulus in various countries, increasing real wages amidst decreasing price pressures, and a rise in investments related to Artificial Intelligence, particularly in the United States and Asia.
He noted that these elements are likely to continue providing substantial support to demand in the short term. In this context, the IMF forecasts that global growth will remain stable at 3.3 percent in 2026.
Global headline inflation has progressively aligned with central bank targets. This trend is attributed to a consistent decline in oil prices, reduced food prices, falling underlying inflation, and stable inflation expectations, according to Dr. Asiama.
“In light of these developments, global financing conditions have significantly improved in both advanced and emerging-market economies, aided by expectations of policy easing from central banks, heightened risk appetite, and the depreciation of the US dollar.
“These global trends are anticipated to be advantageous for the domestic economy in the future,” he remarked during the 128th Monetary Policy Committee press conference held in Accra on Wednesday, January 28.
On the domestic side, Dr. Asiama stated that the recovery in growth gained traction over the year.
Recent data from the Ghana Statistical Service revealed that the overall Real Gross Domestic Product (GDP) grew at an annual rate of 6.1 percent during the first three quarters of 2025, compared to 5.8 percent during the same period in 2024.
Likewise, he mentioned that non-oil GDP increased by 7.5 percent from 5.8 percent in the same comparative timeframe. The growth results were primarily driven by the services and agriculture sectors.
