Ghana records fastest economic growth since 2019, but requires reforms to translate into jobs – World Bank
He, however, cautioned that strong headline growth alone would not be enough to guarantee sustained improvements in living standards.
Ghana's economy has recorded its fastest annual growth rate since 2019, expanding by 6% in 2025, according to Robert R. Taliercio, the World Bank Division Director for Ghana, Liberia and Sierra Leone. This growth momentum continued into 2026, with the economy expanding by 6.4% in the first quarter of 2026. While the growth performance reflects progress in restoring macroeconomic stability, the World Bank warns that strong headline growth alone will not guarantee sustained improvements in living standards.
Persistent poverty, weak job creation, and infrastructure constraints continue to pose challenges, necessitating reforms to translate economic growth into more jobs, stronger productivity, and improved living conditions for households. The World Bank emphasizes the importance of maintaining fiscal discipline, strengthening domestic revenue mobilisation, and addressing structural bottlenecks to sustain Ghana's growth momentum in the medium term.
Brief written by urgent.news from MyJoyOnline Ghana's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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