The World Bank has warned that high business costs and an unreliable operating environment could slow Ghana’s economic growth and efforts to diversify the economy.
According to the Bank, unreliable and expensive connectivity is increasing operating costs for businesses, fragmenting markets and discouraging private investment.
The World Bank says the challenge is particularly important as Ghana seeks to reduce its dependence on traditional export sectors such as gold and cocoa and create a broader, more resilient economy.
The warning comes despite recent improvements in Ghana’s macroeconomic conditions. The World Bank currently projects Ghana’s economy to grow by 5.1% in 2026, while stressing that stronger reforms are needed to sustain the recovery.
The Bank has therefore called for continued reforms that can improve the business environment, attract investment and help translate economic recovery into more jobs and better living conditions for Ghanaians.
