The World Bank has kept Ghana’s GDP growth rate at 2.9%.

Source: newsthemegh.com/Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The World Bank has maintained its 2.9% gross domestic product growth rate for Ghana in 2024.

The Bretton Wood Institution in its June 2024 Global Economic Prospects report, anticipates further growth in the nation’s GDP to 4.4% in 2025.

The anticipated growth is despite subdued economic activity which is reflective of the dampening effects of fiscal consolidation and high inflation on domestic demand.

“Growth is expected to improve in Ghana in 2025, after weak growth in 2024, as ongoing fiscal revenue and expenditure reforms gradually bear fruit.

However, current account deficits in industrial-commodity exporters are expected to widen further,” quipped the report.