Ghana has bounced back from its most severe economic crisis in decades and is now positioned for sustained growth, Finance Minister Cassiel Ato Forson announced Thursday, describing the nation as “back, strong, credible, and open for business” during his 2026 budget presentation to parliament.
The government forecasts real GDP growth of at least 4.8% in 2026, supported by strict fiscal reforms targeting a 4.0% fiscal deficit and a 1.5% primary surplus.
“We have restored fiscal discipline, brought inflation under control, stabilized the cedi, and rekindled investor confidence,” Forson said, laying out a roadmap for continued recovery after Ghana’s severe financial turmoil.
The turnaround is most visible in inflation figures, which have fallen sharply from a record 54% in January 2023 to just 8% in October 2024, the lowest since June 2021 and within the government’s target range.
This sustained decline prompted the central bank to implement an unprecedented 350-basis-point interest rate cut in September, lowering the benchmark rate to 21.5% as macroeconomic conditions steadily improved.
Forson declared that Ghana’s story has shifted “from one of crisis to recovery and renewal,” announcing plans to re-enter domestic debt markets in 2026.
Addressing international partners, the finance minister stressed that the country’s restored economic credibility now makes it an attractive destination for investors following the successful implementation of prudent policies and fiscal reforms.
