By: Kwame Bediako
The Minister for Finance, Dr. Cassiel Ato Forson, on Thursday, November 13, 2025, presented the 2026 budget statement and economic policy on the floor of parliament, emphasizing the country’s strong economic recovery.
“Ghana’s economy has now recovered marked by renewed investor confidence and an improved macroeconomic outlook,” Dr. Forson declared as he outlined the key performance indicators.
He also highlighted the growth achievements so far: “Ghana’s economy has regained its rhythm. Real GDP expanded by 6.3% in the first half of 2025, up from 5.1% in the same period of 2024.
Driven by stronger agriculture and service, lower inflation and renewed business confidence.” This growth signals a positive turnaround after the challenges faced in previous years.
Dr. Forson also pointed to the strong contribution of domestic production in powering growth, asserting, “Non-oil GDP grew by 7.8%, showing that Ghana’s growth is now powered by domestic production.”
He identified the service sector as the “heartbeat of recovery,” with an 8.8% expansion including key subsectors such as information and communications technology (ICT), which surged by 17.2%, finance and insurance up 9.5%, and education rising 14.9%.
Further accentuating the importance of agriculture to economic stability, the Finance Minister said, “Agriculture, the backbone of stability, also grew by 6%, doubling that of last year. Cocoa rebounded from a sharp 21.4% decline.”
This recovery in agriculture complements the growth seen in other sectors, contributing to sustained economic progress.
Dr. Forson’s presentation further outlined a foundation for the upcoming fiscal year, reflecting Ghana’s improved economic outlook and resilience.
