Ghana’s economy will grow by 4.2% in 2025 – Fitch Solutions

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

Fitch Solutions has reaffirmed its projection that Ghana’s economy will grow by 4.2% in 2025, underpinned by robust gold prices expected to shield the country from the adverse effects of global trade tensions and slowing international demand.

The UK-based research and analytics firm’s forecast marginally surpasses those of the International Monetary Fund and the World Bank, which project GDP growth at 4.0% and 3.9% respectively.

In its latest report, Fitch Solutions noted that elevated gold prices would provide a crucial buffer for Ghana’s external and fiscal positions by bolstering foreign exchange reserves and strengthening government revenues.

The windfall is also expected to help stabilise the cedi amid ongoing currency pressures in emerging markets.

Source: newsthemegh.com