Despite recording a considerable recovery in GDP growth – from 2.3% in 2023 to 5.7% in 2024, Ghana’s economy has recently contended with high inflation, currency depreciation, and a widening fiscal deficit and debt obligations.

This edition of our 2025 Budget Review Highlights provides a succinct overview of Ghana’s economic performance in 2024, evaluating it against projections outlined in the 2025 Budget. Notably, the government has introduced a series of measures, including substantial expenditure cuts and the elimination of inefficient taxes, targeting GDP growth of at least 4% and an inflation rate of 11.9% by the end of 2025.

These policy shifts present both risks and opportunities, reinforcing the need for businesses to remain agile and strategic in responding to Ghana’s dynamic economic environment.