The macroeconomic policy reforms and fiscal restructuring, supported by an International Monetary Fund (IMF) extended credit facility and technical assistance by the World Bank are gradually correcting Ghana’s path to attracting more investments.

According to South African based RMB “Where to Invest in Africa” 2025/26 Report, the past year represented a cautious recovery for Ghana, with the government intent on reducing expenditure, following ballooning spending by the previous administration.

It urged that managing the cedi’s volatility will be key to progress.

“Consumer price inflation surged to over 37% in 2023, with a five-year average of 22.8%, despite the Bank of Ghana charging one of the world’s highest real interest rates. Food prices and currency depreciation fuelled inflation, with the currency losing 19% of its value against the US dollar year on year at the close of 2024. However, there is some light at the end of the tunnel for Ghana”, it pointed out.

It added that the Ghanaian economy is picking up, as the performance of the first six months of 2025 was better than expected – with inflation falling and the cedi strengthening.

Meanwhile, RMB’s is projecting a 4.0% economic growth for Ghana by 2028.

The RMB Where to Invest in Africa Index focused on fundamentals – what economists refer to as structural elements. These are factors that are foundational, slow-moving, and robust – rather than fickle, flighty, and erratic.