Global professional services firm Deloitte has projected significant growth in five key sectors of Ghana’s economy in 2025. These include Mining and Quarrying, Information, Communication and Technology (ICT), Construction, Finance and Insurance, and Agriculture.

The Mining and Quarrying sector has shown remarkable progress, recording a 14.8% growth in the second quarter of 2024, compared to 1.4% in the same period last year. Gold mining, a major contributor to export earnings and foreign exchange for the country, continues to be a key driver of this growth. Deloitte attributes the sector’s expansion to increased government investments and planned growth initiatives.

In the ICT sector, while growth slowed to 12.8% in the second quarter of 2024 from 25.1% in 2023, it remains one of the fastest-growing areas of the economy. Deloitte highlighted the increasing use of technology and artificial intelligence as factors propelling its continued significance.

The Construction sector has also rebounded strongly, with an 8.4% growth in the second quarter of 2024, following an 11.7% contraction in the same period of 2023. Deloitte credits this recovery to government infrastructure investments, such as the Economic Roads Improvement Programme (ERIP), which is expected to further boost the sector.

The Finance and Insurance sector expanded by 7.6% in the second quarter of 2024, a significant improvement from the 0.4% growth recorded in 2023. The sector’s stability has been supported by a $250 million International Development Association (IDA) credit from the World Bank under the Ghana Financial Stability Project, aimed at addressing challenges caused by the domestic debt exchange programme.

In Agriculture, initiatives like the enhanced Planting for Food and Jobs programme and projects under the GhanaCARES Economic Enclaves are expected to improve transparency, efficiency, and private sector participation in the agricultural value chain.

Deloitte’s analysis underscores the importance of these sectors in driving Ghana’s economic growth in the coming year.