Els: MBN360 Economy
hana’s economy is on track for another impressive year of growth, with Standard Bank Research forecasting expansion between 5.9 percent and 6.1 percent in 2026 despite mounting geopolitical tensions in the Middle East and persistent global economic uncertainty.
The optimistic forecast signals growing confidence in Ghana’s economic resilience and reinforces the country’s position as one of Africa’s most promising growth stories. According to Standard Bank’s Head of Africa Research, Jibran Qureishi, the country’s growth momentum has exceeded earlier expectations and is being driven by a combination of strategic infrastructure investments, mining sector expansion, and stronger external buffers.
The projection comes after Ghana delivered an impressive 6 percent economic growth rate in 2025, outperforming initial forecasts that ranged between 5.6 percent and 5.8 percent. The stronger performance has prompted economists to revise their outlook upward, creating fresh optimism about the country’s medium term economic prospects.
Speaking during a webinar organized by Stanbic Bank Ghana under the theme “Positioning for What’s Next: Navigating Ghana’s Evolving Market Landscape,” Mr. Qureishi emphasized that the growth story is far from over.
“Growth exceeded our expectations, with 2025 growth at 6 percent. Given the base has changed now and is higher than we had expected, we still believe that growth in 2026 will be between 5.9 percent and 6.1 percent, with potential to pick up to between 6.2 percent and 6.3 percent in 2027.” Jibran Qureishi
Infrastructure Boom Ignites Economic Momentum
A major driver behind the bullish forecast is the government’s aggressive infrastructure development agenda, which is expected to create significant multiplier effects across various sectors of the economy.
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Key projects including the Tema Port expansion, the Accra-Tema Motorway expansion, and the reconstruction of Kumasi Airport are expected to enhance trade efficiency, improve transportation networks, and stimulate business activity nationwide.
Economic analysts believe these projects will not only create jobs during construction but will also improve long term productivity by reducing logistics costs and increasing connectivity between major commercial centers.
The commissioning of the expanded Tema Port in late 2025 is particularly significant, as it positions Ghana to handle increased trade volumes and strengthen its role as a regional logistics hub in West Africa.
With billions of cedis flowing into infrastructure development, businesses across construction, manufacturing, transportation, and services are expected to benefit from rising demand and increased economic activity.
Gold Mining Expansion Strengthens Outlook
Another pillar supporting Ghana’s growth forecast is the continued expansion of the mining sector, particularly gold production.
Ghana’s status as Africa’s leading gold producer continues to provide a powerful engine for economic growth. Rising investment in mining operations, coupled with efforts to improve governance in the artisanal mining sector, is expected to unlock further opportunities.
