• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

African Development Bank projects modest growth of 2.8% for Ghana in 2024

2 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
143
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

African Development Bank projects modest growth of 2.8% for Ghana in 2024

The African Development Bank (AfDB) has forecasted a modest growth rate of 2.8% for Ghana in 2024, a slight improvement from the estimated 1.5% recorded in 2023.

This projection places Ghana at the bottom of the growth ladder in West Africa for the upcoming year.

Citing ongoing fiscal consolidation efforts and persistently high inflation as key factors, the AfDB made the disclosure in Addis Ababa, Ethiopia, as part of its Africa’s Macroeconomic Performance and Outlook 2024 report.

The forecast echoes Ghanaian government estimates, indicating a consensus regarding the country’s economic trajectory.

The AfDB underscores the influence of the International Monetary Fund (IMF) program on Ghana’s private sector and household consumption, limiting spending across sectors.

“In Ghana, growth is projected to rise from an estimated 1.5% in 2023 to 2.8% in 2024, with modest growth reflecting the ongoing fiscal consolidation and high inflation weighing on household budget,” said the report.

RelatedPosts

Nigerian Crude Oil Hits $70/barrel Amid Global Tensions

Government to Expand Water-Energy-Nexus Project Nationwide to Boost Food Security

Fixtures and Results of the second-leg of First Preliminary Round of 2025/26 TotalEnergies CAF Champions League

Ghana and Nigeria are expected to fall below the West African region’s average growth rate of 4.0% in 2024, with Nigeria’s economy poised to expand by 2.9%.

Meanwhile, Niger emerges as the continent’s growth leader, anticipating a remarkable 11.2% growth rate in 2024, buoyed by hydrocarbon production and exports.

Amidst these projections, the AfDB’s report underscores the complex economic landscape shaping growth trajectories across Africa, reflecting both regional disparities and sector-specific challenges.

Tags: African Development BankAfrican Development Bank projects modest growth of 2.8% for Ghana in 2024GDPghana
No Result
View All Result

Highlights

U-20 World Cup: Chile, Paraguay, Japan, and Ukraine Claim Victories on Opening Day 

Dangote Refinery Resumes Petrol Sales in Naira After Last-minute Gov’t Intervention

Premier League: Liverpool’s Perfect Start Ends, Man United Stumbles Again

Farming at the Crossroads: NorvanReports Xspace to Probe How Galamsey Threatens Ghana’s Food Security

Global 5G Connections Projected to Reach 9 Billion by 2030

World Bank Court Blocks Niger From Selling Uranium From Somaïr Mine

Trending

Economy

Nigerian Crude Oil Hits $70/barrel Amid Global Tensions

September 28, 2025

Nigerian Crude Oil Hits $70/barrel Amid Global Tensions Nigerian crude settled at about $70 per barrel, up...

Government to Expand Water-Energy-Nexus Project Nationwide to Boost Food Security

September 28, 2025

Fixtures and Results of the second-leg of First Preliminary Round of 2025/26 TotalEnergies CAF Champions League

September 28, 2025

U-20 World Cup: Chile, Paraguay, Japan, and Ukraine Claim Victories on Opening Day 

September 28, 2025

Dangote Refinery Resumes Petrol Sales in Naira After Last-minute Gov’t Intervention

September 28, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.