Ghana’s economy is projected to grow by 5.7 percent in 2026, according to a recent analysis by the global auditing firm Deloitte.
This forecast builds on recent gains in economic output, easing inflation, and a significant strengthening of the cedi.
The projection follows strong recent performance, with the economy posting a real GDP growth of 6.3 percent in the second quarter of 2025.
This expansion was largely driven by the fishing sector, which grew by 16.4 percent, followed by information and communication technology at 13.1 percent, and finance and insurance at 9.3 percent.
Deloitte indicates the 2026 growth outlook will be supported by improved export performance, particularly from the expansion of the Bibiani Gold Mine in Western Ghana.
Ongoing government initiatives, including the 24-Hour Economy Programme and the Accelerated Export Development Programme, are also cited as key supporting factors.
The firm cautions, however, that the positive outlook faces several risks. These include potential fluctuations in cocoa production due to climate events, the spread of swollen shoot disease, smuggling activities, and ongoing volatility in global commodity prices.
Recent economic data underscores the current recovery. Ghana has returned to single-digit inflation, which eased to 6.3 percent in November 2025 and declined further to 5.4 percent in December 2025. This ends a nearly four-year period of double-digit inflation.
The disinflation is attributed to a stronger cedi, declining non-food prices, and reduced supply-side pressures.
The cedi has appreciated by over 40 percent in the first nine months of 2025, averaging around GH¢13 to the US dollar. This strengthening is supported by higher gold export receipts, sustained foreign exchange interventions by the Bank of Ghana, successful debt restructuring efforts, and the establishment of the Ghana Gold Board.
In its analysis, Deloitte urges the government to sustain capital spending within its fiscal consolidation framework. The firm emphasizes the need for effective resource planning and mobilization, alongside stronger public-private sector collaboration, to build economic resilience and sustain the recovery.
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