The World Bank has maintained its forecast for Ghana economic growth at 4.8% in 2026, with the economy expected to expand slightly faster at 4.9% in 2027.
The projection, contained in the Bank’s October 2026 Africa Economic Update, points to services, recovering oil and gas production and ongoing structural and fiscal reforms as the main drivers of activity.
“In Ghana, economic activity remained robust in the second quarter of 2026, although growth moderated slightly,” the World Bank said.
Real GDP expanded by 6.0% year on year in the second quarter, compared with 6.6% during the same period in 2025.
Investment, Domestic Demand Remain Strong
On the expenditure side, growth was supported by strong domestic demand.
Investment surged by 53.0%, while domestic demand increased by 11.2%, reflecting continued strength in both private and public spending.
The services sector remained the largest contributor to growth, expanding by 8.0% and accounting for almost three fifths of the overall increase in GDP.
Information and Communication Technology was one of the strongest performers, with activity rising by 30.9%.
Industrial growth also strengthened to 4.3%, up from 2.4% a year earlier, supported partly by a sharp recovery in oil and gas production.
Agriculture Loses Momentum
Agriculture was weaker, with growth slowing to 3.9% from 7.1%. The World Bank attributed much of the slowdown to a steep contraction in fishing activity.
The Bank noted that Ghana’s growth remained concentrated in services, ICT and hydrocarbons, while parts of the non oil economy showed softer momentum.
For West and Central Africa, growth is projected at 4.5% in 2026 before averaging 4.7% in 2027 and 2028.
Excluding Nigeria, the subregion is expected to slow from 5.4% in 2025 to 5.0% in 2026 before recovering to an average 5.3%.
Sub Saharan Africa as a whole is projected to grow by 4.3% in 2026, although the World Bank cautioned that the pace of expansion may still have a limited effect on poverty reduction.
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