{"id":114814,"date":"2026-02-10T14:51:44","date_gmt":"2026-02-10T14:51:44","guid":{"rendered":"https:\/\/sotnews.agency\/?p=114814"},"modified":"2026-02-10T14:51:44","modified_gmt":"2026-02-10T14:51:44","slug":"services-sector-to-drive-ghanas-baseline-4-8-growth-in-2026-em-advisory","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=114814","title":{"rendered":"Services sector to drive Ghana\u2019s baseline 4.8% growth in 2026 \u2013 EM Advisory"},"content":{"rendered":"
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Ghana\u2019s services sector is expected to remain the main engine of economic growth in 2026, supporting the baseline GDP projection of 4.8%, according to the latest EM Advisory macroeconomic outlook.<\/p>\n

Analysts say financial services, telecommunications, and trade will continue expanding despite constraints in manufacturing and oil production.<\/p>\n

The 2025 turnaround created a solid platform for services-led growth.<\/p>\n

\u201cNon-oil GDP growth of 5.0% demonstrates the underlying strength of the productive economy,\u201d the advisory noted, highlighting improvements in domestic trade, banking, and ICT services.<\/p>\n

Agriculture and manufacturing are projected to contribute more moderately, with manufacturing growth at 5% due to high financing costs and power supply challenges.<\/p>\n

The oil and gas sector, in contrast, is expected to contract by 15.6% in 2026, reflecting natural decline in mature fields and delayed new production.<\/p>\n

\u201cWhile oil output slows, the resilience of services and industry helps cushion the overall economy,\u201d EM Advisory analysts said, stressing the importance of non-oil sectors for stable growth.<\/p>\n

Fiscal and monetary policies will also shape sectoral outcomes. With a projected policy rate of 14% by mid-2026, lending costs are expected to remain high, potentially slowing private investment in capital-intensive industries.<\/p>\n

The advisory urges supply-side interventions and improved infrastructure to sustain services expansion.<\/p>\n

Analysts stress that 2026 is a pivotal year for translating stability into tangible results.<\/p>\n

\u201cExecuting flagship programmes like the Big Push and 24-hour economy at a moderate pace could strengthen services, manufacturing, and trade, ensuring growth is both inclusive and sustained,\u201d the report concluded.<\/p>\n<\/div>\n

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Ghana\u2019s services sector is expected to remain the main engine of economic growth in 2026, supporting the baseline GDP projection of 4.8%, according to the latest EM Advisory macroeconomic outlook.<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[16680,536,1883,10,9],"tags":[],"class_list":["post-114814","post","type-post","status-publish","format-standard","hentry","category-em-advisory","category-ghana","category-national","category-politics","category-popular"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/114814","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=114814"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/114814\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=114814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=114814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=114814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}