Dr Nii Moi Thompson, the Chairman of NDPC and Presidential Advisor on Sustainable Development Goals (SDGs), unveiled the report during media engagement in Accra.

The report would be published on the Commission’s website and made available to the Office of the President, Parliament of Ghana, Ministries, Departments and Agencies as well as the Regional Coordinating Councils and Metropolitan, Municipal and District Assemblies.
The report indicated that the country recorded stronger export earnings, particularly from gold and crude oil, with gold exports surging due to higher global prices and oil export revenue increasing by 20% year-on-year.

Meanwhile, inflation declined, and interest rates decreased, reflecting improved inflation dynamics and a steadier exchange rate.
Ghana’s gross international reserves stand at approximately $8.9 billion, providing more than four months of import cover, indicating improved external stability.
Despite these gains, the report said the economy still faced structural vulnerabilities, including high lending rates that pose a challenge to private sector growth and job creation.

Dr Audrey Smock Amoah, the Director-General of NDPC, emphasised that the 2024 National Annual Progress Report served not only as a record of Ghana’s development journey under the Agenda for Jobs II but as a strategic tool to guide action.

She acknowledged persistent challenges in data quality and coordination across institutions but highlighted ongoing measures to enhance reliability.
Dr Amoah called on all stakeholders to engage the findings and use them to drive inclusive and evidence-based development in the final year of the framework.
Ghana’s economy demonstrated resilience, with improvements in monetary stability, fiscal performance, and external trade. Inflation eased, the cedi depreciation slowed, and the trade balance posted a surplus of US$4.98 billion, driven by increased gold exports.

Additionally, growth in services, agriculture, and extractive sectors remained strong, with Ghana retaining its position as Africa’s top gold producer.
However, persistent structural weaknesses, including low revenue mobilisation, high debt levels, and limited industrial diversification, continue to threaten sustainable and inclusive growth.

On social and governance, the report recorded progress in access to education, healthcare, and social protection programmes such as LEAP and the School Feeding Programme. Gender equality efforts have advanced, alongside initiatives to strengthen local governance and public sector efficiency.

Transparency and accountability measures improved through collaboration among anti-corruption institutions, though challenges remain in service delivery, youth unemployment, and reducing corruption. In infrastructure and environment, gains were made in road construction, energy access, and digital connectivity, but issues like poor maintenance, housing deficits, and environmental degradation persist.

The report called for stronger governance, stricter enforcement, and climate adaptation strategies to ensure sustainable development.