Partner risk indices

Country Risk Index

47.6

Political Risk Index

44.9

Short-Term Economic Risk Index

43.5

Long-Term Economic Risk Index

45.3

Operational Risk Index

53.5

Source: Partner Research Partner, as of 8 Nov 2026. 0-100, higher means higher risk.

Key indicators

Market overview

• Ghana is in West Africa and is classified by the World Bank as Lower middle income. (World Bank)
• Population: 35.1 million (2025). (World Bank WDI)
• GDP: US$114.7bn in 2025 (estimate). (IMF WEO)

Economic conditions

• Real GDP growth: 6% in 2025 (estimate); the IMF projects 5.7% for 2026. (IMF WEO)
• Average consumer price inflation: 14.2% in 2025 (estimate); projected 4.8% for 2026. (IMF WEO)
• General government gross debt: 48.8% of GDP in 2025 (estimate). (IMF WEO)
• Current account balance: 8.1% of GDP in 2025 (estimate). (IMF WEO)
• Government net lending/borrowing: -1.3% of GDP in 2025 (estimate). (IMF WEO)
• Official exchange rate averaged 12.56 local currency units per US dollar in 2025, against 11.02 in 2023: 13.9% more units per dollar (the currency weakened against the dollar). (World Bank WDI)

Key risks

• Partner risk indices (0-100, higher = higher risk), as of 8 Nov 2026: Country Risk Index 47.6 (rank 4 of 53 in Africa, 1 = lowest risk); Political Risk Index 44.9 (rank 12 of 53 in Africa, 1 = lowest risk); Short-Term Economic Risk Index 43.5 (rank 3 of 53 in Africa, 1 = lowest risk); Long-Term Economic Risk Index 45.3 (rank 4 of 53 in Africa, 1 = lowest risk); Operational Risk Index 53.5 (rank 9 of 53 in Africa, 1 = lowest risk). (Partner Research Partner)
• Highest-scoring Partner risk component: logistics risk (62.7, operational). (Partner Research Partner)
• World Bank governance scores (2025, 0-100, higher is better): control of corruption 46; government effectiveness 55; political stability and absence of violence 67; rule of law 59; regulatory quality 52. (World Bank WGI)
• External debt stocks: 36.2% of GNI (2025). (World Bank WDI)
• Unemployment (modelled ILO estimate): 3% of labour force (2025). (World Bank WDI)

Investment considerations

• Foreign direct investment, net inflows: 1.7% of GDP (2025). (World Bank WDI)
• Domestic credit to the private sector: 7.9% of GDP (2025). (World Bank WDI)
• Trade (exports plus imports): 69% of GDP (2024). (World Bank WDI)
• The Meridian holds 1,184 published records tagged to Ghana. (The Meridian)

Sector snapshot

• Energy and power: access to electricity 91.9% of population (2024); renewable share of final energy consumption 39% (2021). (World Bank WDI)
• Mining and minerals: mineral rents 5.2% of GDP (2021); ores and metals exports 2% of merchandise exports (2025). (World Bank WDI)
• Financial services: foreign direct investment, net inflows 1.7% of GDP (2025); domestic credit to the private sector 7.9% of GDP (2025). (World Bank WDI)
• Technology, media and telecoms: internet users 72.2% of population (2024); mobile subscriptions 113.6 per 100 people (2024). (World Bank WDI)
• Agriculture: agriculture, forestry and fishing, value added 21.3% of GDP (2025); employment in agriculture 34.6% of employment (2025). (World Bank WDI)
• Manufacturing and industry: manufacturing, value added 10.1% of GDP (2025); industry (including construction), value added 29.3% of GDP (2025). (World Bank WDI)
• Infrastructure and real estate: urban population 58.9% of population (2025); access to electricity 91.9% of population (2024). (World Bank WDI)

Recent developments

• Accra†Kumasi Expressway : Promise made , promise fulfilled – Ato Forson reveals over $2 billion in BoG safe custody – Ghanamma . com (ghanamma.com, 13 Nov 2026) (GDELT)
• Govt to build 1 , 450MW thermal power plant - The Ghanaian Chronicle (thechronicle.com.gh, 13 Nov 2026) (GDELT)
• Pwalugu Dam : Govt makes billion - dollar bet on agriculture - The Ghanaian Chronicle (thechronicle.com.gh, 13 Nov 2026) (GDELT)
• UN Reacts As Kofi Annan Image Appears On Ghana New GH¢100 Note – Ghanamma . com (ghanamma.com, 13 Nov 2026) (GDELT)
• Govt to ban commercial rice imports by 2030 - The Ghanaian Chronicle (thechronicle.com.gh, 13 Nov 2026) (GDELT)

Data limitations and sources

• Older data, shown with its period and not described as current: Renewable share of final energy consumption (Latest published value is for 2021); Oil rents (Latest published value is for 2021); Mineral rents (Latest published value is for 2021).
• IMF figures for the most recent year are IMF estimates and later years are projections. World Bank series typically lag by one to two years. Headlines come from automated news monitoring and are not verified by The Meridian.
• Sources last checked 15 Nov 2026.

Meridian transactions

• Ghana Gold JV: AngloGold Ashanti and Gold Fields joint venture with the Government of Ghana
• Sahara Impact Ventures and Acumen invest in Ghanaian agritech Wami Agro
• enza raises US$6m Seed+ round led by 4DX Ventures and BII
• 4DX Ventures, British International Investment (BII) and partners invest USD 6 million in Enza
• Sahara Impact Ventures and Acumen invest in Wami Agro’s operations in Ghana
• Circle Ventures invests in CrissCross’ operations in Africa

Meridian articles

• Tullow loses its ICC tax arbitration with Ghana over US$196.5m assessment on insurance proceeds
• Attijariwafa agrees to take control of Société Générale Ghana as the French bank exits Accra
• ICC young arbitration forum names 18 African representatives, including two Nigerians and a Beninese lawyer
• COCOBOD’s Cocoa Capital PLC opens bookbuild on GH¢16.3bn local financing programme
• Ghana plans to sign a 1,200MW state-owned gas power plant deal before the end of 2026
• Bank of Ghana holds policy rate at 14% as inflation edges up to 5%