The Institute of Statistical, Social and Economic Research (ISSER) wants government to sustain the economic stability while expanding productive employment, saying it will be critical to translating economic growth into improved living standards.
In its State of Ghana Economic Report (SGER), ISSER said Ghana’s macroeconomic recovery gained momentum in 2025, but growth remained uneven across sector.
Ghana’s economy grew by 6.0% in 2025, up from 5.8% in 2024 and above the global (3.4%) and sub-Saharan African (4.5%) averages.
Growth was driven mainly by services (8.1%) and agriculture (6.8%). Industry slowed to 2.3%, largely reflecting a sharp contraction in oil and gas production, although manufacturing and gold production expanded.
The macroeconomic conditions also improved considerably. Year-end inflation fell from 23.8% to 5.4%, the cedi strengthened, and interest rates declined. The fiscal deficit narrowed, while strong gold exports contributed to a substantial improvement in the external position and international reserves.
ISSER said a lower inflation and a stronger currency provide relief to households and businesses, while improved fiscal and external conditions create a more favourable environment for investment.
However, the stronger Gross Domestic Product (GDP) growth does not automatically translate into better livelihoods. “Employment opportunities, the cost of borrowing and the distribution of growth benefits remain important concerns”, it argued.
Policy Priorities
In sustaining stability, ISSER urged the government to maintain fiscal discipline and low inflation while supporting productive investment.
It also wants the government to creating better jobs whilst translate growth into employment opportunities, particularly for young people.
Again, it called for strengthening resilience, saying, diversify production and exports, improve infrastructure and reduce dependence on commodity-driven gains.