Over the nine months from December 16, 2024, to September 16, 2025, Ghana’s GDP has shown consistent growth, reflecting a robust economic recovery. In 2024, real GDP grew by 5.7%, up from 3.1% in 2023, driven by strong performances in the industry sector (7.1% growth), particularly mining and construction, and a resilient non-oil sector averaging 6.2% growth in the first three quarters. Quarterly figures highlight this trend, with real GDP growth at 4.8% in Q1, 7.0% in Q2, and 7.2% in Q3, averaging 6.3%—the highest in five years—before moderating to 3.6% in Q4.In 2025, the upward trajectory continued, with real GDP growth of 5.3% in Q1 and 6.3% in Q2, supported by services, private consumption, and investment.
Nominal GDP also rose steadily from approximately 1.1 trillion Ghanaian cedis in early 2024, reflecting increased economic activity. Key drivers include IMF-supported reforms under a $3 billion Extended Credit Facility, debt restructuring, and currency stabilization, which have bolstered investor confidence and fiscal space.Despite challenges like persistent inflation (around 20-22% in early 2025) and global commodity price volatility, Ghana’s economic outlook remains positive. Projections for 2025 estimate full-year growth between 3.9% and 4.3%, fueled by ongoing reforms, infrastructure investment, and sectoral diversification. These factors, combined with strong performances in services and non-oil sectors, confirm Ghana’s GDP rise over the period, positioning the economy for sustained growth.
