Ghana's economy is showing signs of resilience and growth, with a projected expansion of 4.5% in 2025, according to the African Development Bank (AfDB).

This growth is driven by robust mining sector performance, ongoing fiscal consolidation, and lower lending rates.

The non-oil sector is expected to play a significant role, with agriculture, services, and manufacturing emerging as key growth drivers. In the first quarter of 2025, Ghana's economy grew by 5.3%, driven by the services sector and recovery of the agriculture sector.

The agricultural sector itself grew by 6.6%, with notable surges in fishing (16.4%) and crops (6.7%).

The services sector expanded by 5.9%, led by Information and Communication Technology (13.1%), Finance and Insurance (9.3%), and Transport and Storage (8.6%). The government has implemented several initiatives to boost economic growth.

The Gold Board (GoldBod), established by the government, has made significant gains in its sales, contributing to the country's economic growth and generating substantial profits.

Additionally, the task force on illegal mining (galamsey) has shown promising results, with a gradual reduction in the menace.

The government also plans to continue halted road construction projects under the previous government most notably the Kasoa-Winneba road, the Ofanko-Nsawam road and the Tema Motorway expansion, which will boost economic activity and create jobs.

Several positive developments have also contributed to Ghana's economic outlook.

And then again, the frequency and duration of power outages, commonly known as 'dumsor,' have decreased significantly, allowing industries to operate smoothly and increasing employment rates. Import duties have decreased, benefiting importers, including car, spare part dealers and general goods and services.

Furthermore, fuel prices and inflation have shown signs of stabilization, with food inflation declining consistently since February 2025.

Despite the positive outlook, some challenges remain. Inflation is still a concern, with the AfDB projecting an inflation rate of 15.4% for 2025.

The economy is also vulnerable to external shocks, including climate variability and global economic uncertainty looking at how the United States is imposing multiple tariffs on developing countries and reducing aid and donor funding in the sub-region.

Overall, Ghana's economy is on a promising path, driven by strong government policies and initiatives. With continued fiscal discipline and resilience-building measures, the country is poised for sustained growth and development.

The government's efforts to address key challenges and promote economic stability have yielded positive results, and Ghanaians can look forward to a brighter economic future.