The Ministry of Finance has reported notable progress in Ghana’s key macroeconomic indicators, citing easing inflation, reduced interest rates and a firmer currency as signs of a comprehensive economic rebound in 2025.
In a press release issued on Monday, February 23, 2026, the Ministry stated that provisional real GDP growth for the first three quarters of 2025 reached 6.1 per cent year-on-year, driven mainly by strong performances in the services and agriculture sectors. Non-oil growth was even higher at 7.5 per cent, compared to 5.8 per cent during the corresponding period in 2024.
The statement noted that inflation, which remained high at the close of 2024, declined consistently over thirteen consecutive months, falling from 23.5 per cent in January 2025 to 3.8 per cent by January 2026.
Interest rates also trended downward. The 91-day Treasury bill rate dropped sharply from 27.7 per cent at the end of 2024 to 6.5 per cent in February 2026. Similarly, average commercial lending rates reduced from 30.25 per cent in 2024 to 20.45 per cent in 2025.
The cedi recorded significant gains against major global currencies, appreciating by 40.7 per cent against the US dollar by the end of December 2025. It also strengthened by 30.9 per cent against the pound sterling and 24.0 per cent against the euro.
Ghana’s external position improved as well, with the current account posting a surplus of US$9.1 billion. Gross international reserves rose to US$13.8 billion, representing 5.7 months of import cover.
The Ministry attributed the improvement to coordinated fiscal and monetary measures designed to stabilise the economy and rebuild investor confidence.
It emphasised that maintaining macroeconomic stability remains a key priority in the government’s efforts to drive sustained growth, stimulate private sector expansion and enhance living standards.
