Ghana’s economy is expected to remain resilient in 2026, with the International Monetary Fund (IMF) maintaining its growth forecast at 4.8 percent despite a challenging global environment.
The projection matches the Fund’s October 2025 outlook and is slightly higher than the 4.6 percent forecast for Sub-Saharan Africa.
This comes as global growth has been revised downward to 3.1 percent due to rising energy prices and ongoing geopolitical tensions.
The IMF attributes Ghana’s steady outlook to stronger-than-anticipated performance under its economic programme, driven by fiscal discipline and improving macroeconomic stability.
This follows an estimated 6 percent economic expansion in 2025, largely supported by growth in the non-oil sector and agriculture.
Inflation has dropped significantly to 3.2 percent as of March 2026. However, the Fund expects it to rise to 7.9 percent by the end of the year as underlying pressures gradually ease.
The decline in inflation has nonetheless created space for the Bank of Ghana to cautiously ease monetary policy.
Despite external risks, particularly tensions in the Middle East affecting commodity prices such as fuel and fertiliser, Ghana’s economic outlook remains relatively stable compared to its regional peers.
The IMF, however, cautions that rising costs, declining aid flows, and lingering post-pandemic challenges could heighten pressure on poverty levels and food security across the continent.
It adds that sustaining growth will require continued fiscal discipline, effective inflation management, and targeted policies to protect vulnerable populations.
