Accelerating Economic Growth


Promoting evidence-based policies for macroeconomic stability, private sector growth, productivity, jobs, and inclusive economic transformation

IEA supports Ghana’s economic transformation by producing research and policy analysis that address fiscal sustainability, private sector growth, productivity, employment, trade, and inclusive development.

The Institute works with policymakers, businesses, researchers, and citizens to promote practical reforms that strengthen economic stability, expand opportunity, and improve national competitiveness.

Key Questions IEA Addresses

  • How can Ghana achieve sustainable and inclusive economic growth?
  • What fiscal and monetary policies can support macroeconomic stability?
  • How can private sector growth and productivity be strengthened?
  • What reforms can improve Ghana’s investment and trade environment?
  • How can economic policy support youth employment and skills development?

Publications

  • 2026 Update: Who in Africa is Ready for Nuclear Power?

  • Beyond the Summit: Building the Institutions for Africa’s Nuclear Future

Economic, Fiscal & Barometer Performance

Overall Barometer

64.6/100

Combined assessment across the published IEA Barometer framework.

Economic Conditions

63.1/100

Published aggregate reading of current economic conditions.

Fiscal Discipline

71.7/100

Published aggregate reading of fiscal discipline and public-finance conditions.

Macroeconomic Stability

81.1/100

Is Ghana maintaining a stable macroeconomic environment capable of supporting sustainable growth?

Fiscal Discipline & Public Finance

71.7/100

Is Government managing public resources sustainably, transparently and within Ghana's fiscal rules?

Growth, Productivity & Structural Transformation

60.2/100

Is Ghana becoming a more productive, diversified and resilient economy?

Private Sector, Investment & Competitiveness

81.2/100

Is Ghana creating an environment in which businesses can invest, expand and create productive employment?

Employment, Incomes & Prosperity

44.8/100

Are improvements in the economy translating into better economic conditions for Ghanaian households?

Infrastructure, Energy & Development Capacity

37.5/100

Is Ghana building the physical and institutional capacity needed for sustained future growth?

Economic Governance & Policy Credibility

—/100

Is Ghana's economic-policy environment credible, transparent, accountable and capable of delivering sustainable outcomes?

Real GDP Growth

6.00%

Latest published reading: 2026 Q2.

Non-Oil GDP Growth

5.40%

Latest published reading: 2026 Q2.

Headline Inflation

5.00%

Latest published reading: August 2026.

Import Cover

4.50months

Latest published reading: 22 September 2026.

Current Account Balance to GDP

3.80% of GDP

Latest published reading: Jan-Jun 2026 (cumulative).

Primary Balance to GDP

1.40% of GDP

Latest published reading: Jan-Jul 2026 (commitment, cumulative).

Overall Fiscal Balance to GDP

-0.20% of GDP

Latest published reading: Jan-Jul 2026 (commitment, cumulative).

Public Debt to GDP

45.90% of GDP

Latest published reading: July 2026.

Domestic Public Debt to GDP

24.80% of GDP

Latest published reading: July 2026.

External Public Debt to GDP

21.10% of GDP

Latest published reading: July 2026.

Agriculture Sector Growth

3.90%

Latest published reading: 2026 Q2.

Industry Sector Growth

4.30%

Latest published reading: 2026 Q2.

Services Sector Growth

8.00%

Latest published reading: 2026 Q2.

Index of Industrial Production Growth

3.00%

Latest published reading: 2026 Q2.

Monthly Indicator of Economic Growth

6.50%

Latest published reading: June 2026.

Private Sector Credit Growth

35.50%

Latest published reading: August 2026.

Average Lending Rate

15.94%

Latest published reading: August 2026.

Business Confidence Index

107.80index

Latest published reading: August 2026.

Unemployment Rate

13.00%

Latest published reading: 2025 Q3.

Youth Unemployment Rate

32.40%

Latest published reading: 2025 Q3.

Consumer Confidence Index

111.90index

Latest published reading: August 2026.

Public Capital Expenditure to GDP

1.50% of GDP

Latest published reading: Jan-Jul 2026 (cumulative).

Annual Primary Balance Rule

1.4

Requirement: >= 1.5 · Jan-Jul 2026 (commitment, cumulative)

Public Debt-to-GDP Anchor

45.9

Requirement:

Government Policy Progress

4commitments

Documented government commitments tracked through evidence-backed implementation milestones.

Big Push Infrastructure Programme

2/3milestones

By September 2026 the Presidency was reporting ongoing Phase One road works and a multi-phase execution…

Independent Fiscal Council established and operationalised

2/2milestones

A five-member Independent Fiscal Council was inaugurated on 8 September 2026 under the amended public financial…

24-Hour Economy and Accelerated Export Development Programme

3/4milestones

Official 2026 updates show the programme in implementation, including business incentives, enabling legislation and model-market projects…

Free Primary Healthcare Programme

1/3milestones

The programme was launched on 15 April 2026, with an initial rollout focused on 150 underserved…

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