Ghana’s economy is expected to expand by 5.7 percent in 2026, according to global professional services firm Deloitte, on the back of stronger output, easing inflation, and a firmer local currency.
The projection follows a solid performance in 2025, with real GDP growth reaching 6.3 percent in the second quarter. Growth during the period was driven largely by the fishing sector, which recorded a 16.4 percent expansion. This was followed by information and communication technology at 13.1 percent, and finance and insurance, which grew by 9.3 percent.
Deloitte says the 2026 outlook will be supported by improved export performance, particularly from the expansion of the Bibiani Gold Mine in the Western Region, as well as ongoing government initiatives including the 24-Hour Economy Programme and the Accelerated Export Development Programme.
Despite the positive outlook, the firm cautions that several risks could weigh on growth. These include potential declines in cocoa production due to climate-related shocks, the spread of cocoa swollen shoot disease, smuggling, and volatility in global commodity prices.
On the macroeconomic front, Ghana has returned to single-digit inflation after nearly four years. Inflation eased to 6.3 percent in November 2025 and further declined to 5.4 percent in December 2025, driven by a stronger cedi, lower non-food prices, and reduced supply-side pressures.
The cedi has appreciated by more than 40 percent in the first nine months of 2025, trading at an average of about GH¢13 to the US dollar. Deloitte attributes the currency’s performance to higher gold export earnings, sustained interventions by the Bank of Ghana, successful debt restructuring, and initiatives such as the Ghana Gold Board.
Looking ahead, Deloitte has urged government to maintain capital spending within its fiscal consolidation framework. The firm emphasized the importance of effective resource planning and mobilization, as well as stronger public-private sector collaboration, to build economic resilience and sustain Ghana’s recovery.