Dr. Priscilla Twumasi-Baffour, a senior lecturer at the University of Ghana Business School, has described the 2025 Budget’s economic growth projections as conservative, suggesting that Ghana has the potential to achieve higher growth if the right policies are implemented.
Speaking on Newsfile on JoyNews on March 15, 2025, Dr. Twumasi-Baffour noted that while the government’s 4% growth forecast is realistic, it falls below the 4.7% projection by the International Monetary Fund (IMF). She attributed this cautious estimate to economic uncertainties and fiscal constraints.
“The government’s growth estimate appears to be on the lower side, especially considering the IMF’s more optimistic outlook of 4.7%,” she observed.
Despite this, she believes the economy could perform better than expected if key sectors—such as agriculture, industry, and services—receive adequate support. She stressed the importance of structural reforms, improved productivity, and a better business environment in driving long-term economic growth.
“Achieving higher growth requires deliberate efforts to address structural bottlenecks and improve investor confidence,” she advised.
As the government moves forward with its economic recovery agenda, Dr. Twumasi-Baffour urged policymakers to adopt more ambitious strategies to stimulate growth and ensure sustained economic expansion beyond 2025.
