Ghana’s growth rate to exceed 6.5% in 2026 – Databank Research
According to the firm, the ongoing structural reforms, domestic monetary easing, and a sharp rebound in key industrial sub-sectors will sustain the economy well ahead of the government’s target of 4.8%.
In its 2026 Second Half-Year Report, Ghana's Databank Research predicts that the country's median real Gross Domestic Product (GDP) growth rate will surpass 6.5% by the end of 2026. This forecast exceeds the 6.0% growth observed in 2025. The firm attributes this projected growth to ongoing structural reforms, monetary easing by the local government, and a significant rebound in key industrial sub-sectors.
Early indications of this growth are already visible. In the first quarter of 2026, real GDP expanded by 6.4% year-on-year. Additionally, the Bank of Ghana's Composite Index of Economic Activity (CIEA) accelerated to 13.4% in June 2026, up from 8.4% in January 2026.
The Services sector is expected to drive this growth, with an anticipated expansion of 8.1%. This growth is anticipated to be fueled by a robust asset-light ICT sub-sector and a recovery in credit extensions in the wholesale and retail markets.
Agriculture, despite weak fish production, is forecast to grow by 6.8%. This growth is supported by targeted input subsidies under Phase 2 of the Planting for Food and Jobs (PFJ 2.0) initiative, which aims to mitigate the sector's drag from base effects. The industrial sector is also expected to rebound strongly, growing by 4.9%. This recovery is driven by an increased gold output and a sharp resurgence in oil production, as four new development wells in the offshore Jubilee and TEN fields come fully operational.
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