The Fund forecasts a modest recovery for the Ghanaian economy in 2026, with growth expected to pick up to 4.8%, reflecting ongoing efforts by the government to stabilise the macroeconomic environment and restore investor confidence.
Across Sub-Saharan Africa, economic growth is anticipated to slow to 3.8% in 2025, down from 4.0% in 2024, before rebounding slightly to 4.2% in 2026.
The IMF attributes the regional slowdown to a mix of persistent global trade tensions, tighter financial conditions, and reduced access to external financing.
“Softer commodity prices, weaker external demand, and diminished access to financing, especially for commodity-dependent economies, continue to weigh on growth prospects in the region,” the report noted.
The Fund further warned that elevated global uncertainty, including the risk of additional trade disruptions and further monetary tightening in advanced economies, could dampen investor sentiment and increase borrowing costs.
For Ghana, the IMF’s projections highlight the ongoing economic challenges policymakers must navigate as the country continues to recover from the effects of successive external shocks, including the COVID-19 pandemic and the Russia-Ukraine war, alongside domestic fiscal imbalances.
