Based on World Bank forecasts, Ghana’s economy is expected to grow less rapidly in 2024 even though improved economic activity is anticipated.

This implies that although there may be a rise in economic activity, growth is anticipated to slow down in comparison to earlier times.

The World Bank has also predicted that Ghana’s GDP will grow by roughly 3% by the end of the year.

This indicates moderate economic growth for the nation, but it is nearly in line with the 2.8% growth rate that the government has set as its goal.

The April 2024 Africa Pulse Report from the World Bank included these projections.

But according to the report, the GDP will increase dramatically to roughly 5% in 2025.

Furthermore, among the biggest economies in the region, Ghana is expected to have contributed around 0.10% of the GDP growth.

This indicates that Ghana’s economy has had a comparatively small impact on the region’s overall economic growth.

On the other hand, things are looking better for Sub-Saharan Africa as a whole.

The region’s economy is predicted to grow at an average pace of 3.9% in 2025–2026 after picking up speed to 3.4% in 2024.

Over the specified period, Sub-Saharan Africa experienced a general trend of economic expansion and recovery.

Notwithstanding the anticipated slowdown in Ghana, the broader regional outlook points to a favorable trajectory for economic growth in Sub-Saharan Africa. This trajectory could be impacted by a number of variables, such as commodity prices, investment flows, and regional government policy measures.

In order to promote stronger and more equitable growth, the World Bank further recommended a number of policy measures. These include facilitating market access, encouraging intergenerational mobility, restoring macroeconomic stability, and making sure that fiscal policies do not place an undue burden on the impoverished.