Burkina Faso: economic growth accelerates to 5.1% in 2024 and could reach 5.6% in 2025
Burkina Faso has recorded an acceleration in economic growth, reaching 5.1% in 2024 compared with 3.6% in 2023, the government announced on Wednesday at the Council of Ministers.
This marks an upward revision of 0.1 percentage points on the August 2024 forecast, which estimated growth at 5.0%, the executive said.
According to the minutes of the Council of Ministers, this growth was mainly driven by the strong increase in value added in the primary sector, stimulated by the benefits of the Presidential Initiative for Agricultural Development. However, this momentum was partially held back by the underperformance of the gold sector.
The report underlines that, subject to a stabilization of international and sub-regional geostrategic tensions, a strengthening of the Confederation of Sahel States (AES), improved security and favorable climatic conditions, economic growth could reach 5.6% in 2025.
Related Articles
Modern markets: the Mathieu Kérékou hub renamed Tokpa Yoyo, Akassato becomes Tokpa Daho
Benin’s financial administration: Wadagni strengthens oversight of public procurement
Exports to China: the ‘Zero Tariff’ policy as a lever for Benin’s industrialization
CES Activity Report: Patrice Talon calls on the institution to confirm its new dynamic