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[PICTURES] Ghana’s economic recovery gains pace, experts urge caution

William NarhbyWilliam Narh
April 27, 2026
Reading Time: 2 mins read
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Ghana’s economic recovery has gathered pace faster than expected, but sustaining the gains will require discipline beyond the current reform programme, experts said at a roundtable hosted by Channel One TV on Monday, April 27, 2026.

The event, dubbed the Quarterly Economic Outlook, assessed the country’s economic turnaround and what lies ahead, bringing together players from the financial and trade sectors.

Dr Theo Acheampong, Technical Advisor at the Ministry of Finance, said key indicators are improving at an unusually rapid rate despite global uncertainties.

Economist and University of Ghana lecturer, Dr Gloria Afful-Mensah, said the stabilisation seen in easing inflation and improving growth has come at a cost, particularly for the central bank.

Traders say the impact is already being felt on the ground. The Greater Accra Markets Association expressed satisfaction with the relative stability of the Cedi, saying it has eased pressure on prices and improved trading conditions.

On the industrial front, Chief Executive Officer of the Association of Ghana Industries, Seth Twum-Akoaboah, warned that the current stability could face a critical test once the International Monetary Fund programme ends.

Meanwhile, Vice President of the Ghana Union of Traders Association, Joseph Paddy, called on young people to look beyond public sector employment.

He urged them to “embrace self-employment and opportunities within the private sector,” arguing that long-term growth will depend on a more entrepreneurial workforce.

The discussion underscored cautious optimism about Ghana’s recovery, with participants agreeing that while the turnaround is real, its durability will depend on policy consistency and private sector growth.

Tags: BusinessEconomyGhana News
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