The World Bank has urged Ghana to sustain its economic recovery by deepening reforms, creating quality jobs and ensuring that economic gains translate into lasting improvements in living standards.
The call was contained in the World Bank’s 10th Ghana Economic Update, titled “Reset for Growth: Sustaining Macroeconomic Recovery and Unlocking Transport for Transformation.”
The report said Ghana had made significant progress in restoring macroeconomic stability but stressed that sustaining the recovery would require continued fiscal discipline, stronger domestic revenue mobilisation and reforms to address structural barriers to growth.
It also identified the transport sector as critical to Ghana’s economic transformation, noting that improvements in the sector would help reduce the cost of doing business, improve market connectivity and create employment opportunities.
According to the report, Ghana’s economic recovery strengthened in 2025, with real Gross Domestic Product (GDP) growth reaching 6.0 per cent, driven mainly by the services and agriculture sectors.
It said inflation declined sharply, while gross international reserves improved and the fiscal position strengthened, with the primary surplus exceeding the programme target.
The World Bank also noted that public debt had fallen substantially following progress under Ghana’s comprehensive debt restructuring programme.
However, it cautioned that the recovery was “not yet complete”, stressing that economic growth had not generated sufficient quality jobs to absorb the country’s growing working-age population.
The report further noted that poverty remained high in some parts of Ghana, while external pressures such as commodity price volatility, rising energy and fertiliser costs and tighter global financing conditions could undermine the sustainability of the recovery.
Commenting on the report, World Bank Division Director for Ghana, Liberia and Sierra Leone, Dr Robert Taliercio, said Ghana had made important progress in restoring economic stability after a difficult period.
He, however, stressed that the next phase should focus on making the recovery durable and more inclusive.
Taliercio said maintaining fiscal and monetary discipline, improving domestic revenue mobilisation and protecting priority social and infrastructure spending would be crucial to translating economic gains into “better jobs and improved welfare for Ghanaians”.
The World Bank projected that Ghana’s economic growth would moderate to 4.8 per cent in 2026 as gains from post-crisis adjustment taper off and external pressures persist.
It added that growth was expected to converge towards the country’s medium-term potential of about five per cent.
The report also projected that inflation would remain within the Bank of Ghana’s target band, provided monetary policy easing remained data-dependent and external price shocks were carefully managed.
