Ghana’s economy is growing faster than expected as local companies benefit from lower inflation and falling interest rates, Finance Minister Cassiel Ato Forson announced in a positive macroeconomic assessment.
The growth surge follows a significant drop in consumer price pressures and a 350-basis-point policy rate cut by the central bank, providing critical financial relief to private sector enterprises.
“The private sector is responding remarkably well to our fiscal interventions,” Forson said. “Lower operating costs are translating directly into robust production expansion.”
According to treasury data, public debt declined from 61.8% of GDP to 45.3%, while the primary balance achieved a 2.6% surplus, accelerating domestic investments.
Private manufacturing and agricultural sectors have also capitalized on a stable exchange rate following the successful restructuring of international cocoa and gold market revenues.
This expansion underpins the administration’s long-term fiscal policy, moving Ghana toward sustained independence from direct International Monetary Fund financing frameworks.
