According to the firm, the ongoing structural reforms, domestic monetary easing, and a sharp rebound in key industrial sub-sectors will sustain the economy well ahead of the govern
The report indicates that ghana’s median real Gross Domestic Product (GDP) growth rate will exceed 6.5% by the end of 2026, Databank Research has stated in its 2026 Second Half-Year Report.
It further notes that this will be more than the 6.0% recorded in 2025.
According to the firm, the ongoing structural reforms, domestic monetary easing, and a sharp rebound in key industrial sub-sectors will sustain the economy well ahead of the government’s target of 4.8%.
“Early momentum is already evident in quarter one 2026 real GDP expanding by 6.4% year-on-year, complemented by the Bank of Ghana’s (BoG) Composite Index of Economic Activity (CIEA) accelerating to 13.4% in June 2026 from 8.4% in January 2026. We believe this expansion will be further underpinned by robust gross capital formation and real credit growth exceeding the 34.1% year-on-year recorded earlier in the year”.
“We expect the Services sector to lead growth in 2026, expanding by 8.1%. We believe this growth will be supported by strong momentum in the asset-light ICT sub-sector and a recovery in credit extension in wholesale and retail markets”, it added.
In Agriculture, Databank Research pointed out that the forecast growth of 6.8% despite weak fish production, with targeted input subsidies under Phase 2 of the Planting for Food and Jobs (PFJ 2.0) initiative expected to cushion the sector against base-effect drag.
It also expects the industrial sector to rebound strongly, expanding by 4.9%, supported by elevated gold output and a sharp recovery in oil production as four new development wells across the offshore Jubilee and TEN fields come fully onstream.
Ghana’s economy grew by 6.0% in the second quarter of 2026, bringing growth for the first half of the year to 6.2%, according to the Ghana Statistical Service (GSS).
The latest quarterly growth represents a slight slowdown from the 6.1% recorded in the second quarter of 2025.
Non-oil GDP also remained resilient, growing by 5.4% in the second quarter, while non-oil growth for the first half of 2026 reached 5.9%.
The latest figures show that economic expansion continues to be driven largely by the services sector, particularly information and communications technology (ICT), alongside oil and gas production and investments.
