The World Bank expects Ghana’s economy to maintain a strong growth trajectory over the next two years, with real Gross Domestic Product (GDP) projected to expand by 4.8 percent in 2026 and 4.9 percent in 2027.
The forecast was maintained in the Bank’s October 2026 Africa Economic Update, despite a slight moderation in economic activity during the second quarter of the year.
According to the report, Ghana’s real GDP grew by 6.0 percent year-on-year in the second quarter of 2026, compared with 6.6 percent recorded during the same period in 2025.
The World Bank said the expansion was supported largely by strong domestic demand, with investment rising by 53.0 percent while overall domestic demand increased by 11.2 percent.
“Economic activity remained robust in the second quarter of 2026, although growth moderated slightly,” the Bank said.
Services remained the biggest driver of the economy during the period, expanding by 8.0 percent and accounting for almost three-fifths of total GDP growth.
The ICT sector recorded particularly strong performance, growing by 30.9 percent, making it one of the fastest-expanding areas of the economy.
The industrial sector also showed improvement, recording 4.3 percent growth compared with 2.4 percent in the corresponding period of 2025.
The World Bank attributed much of the improvement in the industrial sector to a significant increase in oil and gas production.
The recovery in the hydrocarbons sector is expected to continue supporting Ghana’s economic performance in the near term, alongside activity in services and other parts of the economy.
Agriculture, however, recorded a slower pace of expansion during the second quarter.
The sector grew by 3.9 percent, down from 7.1 percent during the same period in 2025. The decline was mainly attributed to a significant reduction in fishing activity.
The figures suggest that Ghana’s current growth momentum is being driven largely by services, ICT and oil and gas, while some parts of the non-oil economy continue to face weaker activity.
At the regional level, the World Bank projects economic growth in West and Central Africa to remain at 4.5 percent in 2026, unchanged from 2025.
Growth across the subregion is, however, expected to improve to an average of 4.7 percent in 2027 and 2028.
Nigeria’s economic performance is expected to remain a major factor influencing the outlook for West and Central Africa.
When Nigeria is excluded, growth in the subregion is projected to slow from 5.4 percent in 2025 to 5.0 percent in 2026, before recovering to an average of 5.3 percent in 2027 and 2028.
For Sub-Saharan Africa as a whole, the World Bank forecasts growth of 4.3 percent in 2026.
Despite the projected expansion, the Bank cautioned that stronger economic growth alone may not translate into significant reductions in poverty.
It therefore highlighted the need for growth to become more inclusive and capable of creating broader economic opportunities across the region.
