GDP growth averaged 4.1% in the first half of the year. But the Standard Bank African Markets Revealed (AMR) report noted that unfavorable base effects could moderate growth in the second half of the year.

Standard Bank African Markets Revealed (AMR) has lowered Ghana's gross domestic product (GDP) growth forecast from 3.1% initially to 2.6% by the end of 2022. This figure is lower than the government's revised GDP growth of 3.7% in 2022.

The same AMR report also revised its 2023 GDP projection from 4.1% to 3.3%. According to him, external financing remained out of reach and was likely to weigh on growth, so development spending was likely to be reduced over the next few years. He warned that if the government even gets an agreement with the IMF within the next six months, spending on investment projects may have to be postponed in order to consolidate public finances.