The World Bank has lowered Ghana’s projected Gross Domestic Product (GDP) growth for 2025 to 3.9%, falling short of the government’s 4.4% target.
This revision, outlined in the April 2025 edition of the Bank’s Africa’s Pulse report, marks a slight dip from the earlier 4.3% estimate.
The downgrade is attributed to sustained inflationary pressures and persistent external vulnerabilities.
Nevertheless, the Bank remains cautiously optimistic about Ghana’s medium-term outlook, forecasting a recovery to 4.6% growth in 2026 and 4.8% in 2027.
The report also flagged climate-related challenges, particularly erratic weather patterns that have disrupted cocoa production in both Ghana and Côte d’Ivoire, two of the world’s top cocoa exporters.
It further cautioned that climate-induced disasters such as floods and droughts are straining national budgets across Africa by up to 9%, leading to economic losses of between 2% and 5%.
On a brighter note, the report indicated that Ghana is among a select group of African economies already showing early signs of recovery in 2025.
