Global economic trends to boost Ghana’s economy – BoG Governor

The Governor of the Bank of Ghana (BoG), Dr. Johnson Pandit Asiama, has projected that favourable global economic conditions will positively influence Ghana’s domestic economy in the coming months.

Speaking at the 128th Monetary Policy Committee press conference in Accra on Wednesday, January 28, Dr. Asiama noted that the global economy demonstrated remarkable resilience in 2025, driven by fiscal stimulus in several countries, rising real wages amid easing inflation, and increased investments in Artificial Intelligence, particularly in the United States and Asia.

He indicated that these factors are expected to sustain broader demand in the near term, with the International Monetary Fund (IMF) forecasting steady global growth of 3.3 percent in 2026.

“Global headline inflation has gradually shifted towards central bank targets,” Dr. Asiama stated, attributing the trend to declining oil and food prices, lower underlying inflation, and well-anchored inflation expectations.

These developments, he explained, have led to a considerable easing of global financing conditions in both advanced and emerging-market economies, bolstered by anticipated monetary policy easing by central banks, heightened risk appetite, and the depreciation of the US dollar.

“These global dynamics are expected to be favourable for the domestic economy going forward,” Dr. Asiama emphasized.

On the domestic front, the Governor reported that Ghana’s economic recovery gained significant momentum in 2025. According to the latest data from the Ghana Statistical Service, overall Real Gross Domestic Product (GDP) expanded at an annual rate of 6.1 percent during the first three quarters of 2025, up from 5.8 percent in the same period of 2024.

Similarly, non-oil GDP grew by 7.5 percent, rising from 5.8 percent over the same comparative period. This growth was primarily propelled by strong performances in the services and agriculture sectors.

The outlook suggests a continued positive trajectory for Ghana’s economy, supported by both internal resilience and encouraging international macroeconomic trends.