Ghana's Economy Surges on ICT Boom, Exceeding Growth Forecasts, Media Says
Ghana's Economy Surges on ICT Boom, Exceeding Growth Forecasts, Media Says
The country's economy grew by 6.3% in the second quarter of 2025, driven primarily by a significant surge in the information and communications technology (ICT) sector.
The ICT sector saw its best performance in two years, with an annual increase of 21.3%, according to Western media reports.
This robust growth in ICT, along with expansions in education, crops, and manufacturing, reportedly propelled the overall GDP beyond the median estimate of 4.8%.
The positive economic news is a welcome development for President John Mahama's administration, which aims to stabilize an economy previously challenged by high inflation and a depreciating currency.
Further economic support is anticipated in the latter half of the year, bolstered by the Bank of Ghana's substantial interest rate cut in July, with potential for more reductions as inflation continues to decline, the media noted.
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