DEGLORY GH MEDIA

Fitch Solution has upheld its projection that Ghana's economy will grow by 4.2% in 2025. This outlook remains unchanged from earlier forecasts and reflects a moderation from the estimated 5.7% growth expected in 2024.

According to Fitch, the slight slowdown is likely due to the end of election-related fiscal stimulus, constrained credit conditions, and stagnant oil production. Despite this, the firm remains cautiously optimistic about Ghana's economic outlook.

In comparism, the International Monetary Fund(IMF) forecasts a 4.0% growth rate for Ghana in 2025, aligning with projections in the national budget. Similarly, the World Bank anticipates a 4.2% expansion, noting that structural challenges continue to weigh on post-pandemic recovery.

Fitch also highlighted that strong gold prices and lower energy import costs could enhance Ghana's export revenues. As a result, the country is expected to post a current surplus equivalent to 6.9% of GDP in 2025, which may help stabilize the cedi and strengthen foreign reserves.

Despite the expected slowdown in growth, Fitch believes Ghana's economy will remain resilient, supported by favorable external conditions and ongoing efforts at macroeconomic stabilization.