Ghana’s economy is expected to record stronger growth over the next two years, with the African Development Bank (AfDB) forecasting expansion of 5 percent in 2026 and 5.4 percent in 2027.
The projections, contained in the AfDB’s 2026 African Economic Outlook Report, place Ghana among the better-performing economies in the West African region. The forecast is slightly more optimistic than the 4.8 percent growth estimates recently issued by both the International Monetary Fund and the World Bank.
The Bank attributed the outlook to improving macroeconomic conditions, stronger fiscal management and continued recovery in key sectors of the economy.
According to the report, inflationary pressures are expected to ease further, with Ghana’s inflation rate projected to decline to 9 percent by the end of 2026 as economic stability improves.
The AfDB also expects the country’s fiscal position to strengthen gradually. The fiscal deficit is projected to narrow from 2.6 percent of Gross Domestic Product in 2026 to 2.2 percent in 2027.
On the external side, Ghana is forecast to maintain a relatively healthy current account balance. The report projects a surplus of 3 percent of GDP in 2026 before easing slightly to 2.7 percent in 2027.
The Bank said the outlook reflects resilience in Ghana’s external sector despite ongoing global economic uncertainty.
For the wider West African region, the AfDB projects economic growth of 4.7 percent in 2026, supported by higher agricultural production, expansion in agro-processing industries and continued investment in infrastructure, transport and energy projects.
However, the report warned that African economies still face significant risks from global geopolitical tensions, elevated commodity prices and lingering supply chain disruptions.
The African Development Bank further encouraged African governments to strengthen domestic revenue mobilisation, improve fiscal discipline and deepen regional trade integration in order to reduce vulnerability to external shocks and support long-term economic resilience.
Source: businesspostonline
