AfDB projects 5% growth for Ghana’s Economy in 2026
The African Development Bank (AfDB) has projected that Ghana’s economy will grow by 5 percent in 2026, with growth expected to strengthen further to 5.4 percent in 2027, placing the country among the better-performing economies in West Africa.
This outlook is slightly above forecasts by both the International Monetary Fund (IMF) and the World Bank, which estimate Ghana’s growth at around 4.8 percent.
In its 2026 African Economic Outlook Report, the AfDB also projected that Ghana’s inflation will close the year at about 9 percent. This compares with the current inflation level of around 3 percent, indicating expectations of changing price dynamics and broader macroeconomic adjustments.
The report further anticipates an improvement in Ghana’s fiscal position, with the budget deficit expected to reduce from 2.6 percent of GDP in 2026 to 2.2 percent in 2027.
On the external sector, Ghana is projected to record a current account surplus of 3 percent of GDP in 2026, before easing to 2.7 percent in 2027. This, according to the Bank, reflects continued resilience in external balances despite global economic uncertainties.
Across the West African sub-region, the AfDB forecasts economic growth of 4.7 percent in 2026, driven by strong agricultural performance, expanding agro-processing industries, and sustained investment in infrastructure, energy, and transport.
However, the Bank warned that rising geopolitical tensions, high global prices of oil and fertilisers, and ongoing supply chain disruptions pose risks to growth prospects across Africa, including Ghana.
It also urged African economies to strengthen domestic revenue mobilisation, deepen regional trade integration, and improve fiscal discipline in order to reduce vulnerability to external shocks and build long-term economic resilience.
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