Ghana has emerged from its worst economic crisis in a generation and is now on a path toward stable, sustained growth, Finance Minister Cassiel Ato Forson declared during his 2026 budget presentation to Parliament.
Asserting that the nation is “back, strong, credible, and open for business,” Forson highlighted restored fiscal discipline, tamed inflation, a stabilized cedi, and renewed investor confidence as key pillars of the recovery.
The government forecasts real GDP growth of at least 4.8% in 2026, underpinned by stringent fiscal reforms targeting a 4.0% fiscal deficit and a 1.5% primary surplus, signaling a stronger and more resilient economic outlook.
The turnaround is most evident in inflation data, which 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 improve. Read more..
The Economy of Ghana: Key Facts, Trends, Indicators and Performance #FrizeMedia https://buff.ly/E2ZZZY9
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