The Ministry of Finance has outlined significant improvements in Ghana’s macroeconomic indicators, pointing to declining inflation, lower interest rates, and a stronger currency as evidence of a broad-based recovery in 2025.
The figures were detailed in a press statement issued on Monday, February 23, 2026.
The statement indicated that real GDP growth reached a provisional 6.1 per cent year-on-year in the first three quarters of 2025, largely driven by the services and agriculture sectors. Non-oil growth stood higher at 7.5 per cent, compared to 5.8 per cent over the same period in 2024.
Inflation, which had remained elevated at the end of 2024, fell steadily for thirteen consecutive months, dropping from 23.5 per cent in January 2025 to 3.8 per cent by January 2026.
The 91-day Treasury bill rate also declined significantly from 27.7 per cent at the end of 2024 to 6.5 per cent in February 2026, while average commercial lending rates eased from 30.25 per cent in 2024 to 20.45 per cent in 2025.
The cedi strengthened markedly against major international currencies, appreciating by 40.7 per cent against the US dollar by the end of December 2025.
It also gained 30.9 per cent against the pound sterling and 24.0 per cent against the euro. Ghana’s current account recorded a surplus of US$9.1 billion, with gross international reserves reaching US$13.8 billion, equivalent to 5.7 months of import cover.
According to the Ministry, the turnaround reflects coordinated fiscal and monetary policies aimed at stabilising the economy and restoring investor confidence.
It stressed that sustaining macroeconomic stability remains central to the government’s agenda to deepen growth, expand private sector activity, and improve livelihoods.
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Source:
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