Ghana’s household consumption is expected to increase by 2.5% in 2025 after growing by a meager 1.1% in 2024.

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

Ghana’s real household spending will grow by 2.5% year-on-year in 2025, following weak growth of 1.1% in 2024.

According to Fitch Solutions, this will result in total household spending expanding to GH¢129.7 billion, 25.4% above the GH¢103.4bn recorded (pre-pandemic) in 2019.

 The UK-based firm pointed out that the major drivers of growth will be cooler inflation and greater cedi stability over 2025, while also allowing for a dovish approach from the Bank of Ghana (BoG).

Source: newsthemegh.com