Fitch Solutions Maintains Ghana’s 2025 Growth Forecast at 4.2% Amid Global Economic Headwinds

Fitch Solutions has maintained its projection that Ghana’s economy will grow by 4.2% in 2025, slightly outpacing the International Monetary Fund’s 4% estimate and the World Bank’s 3.9%. This positive outlook stems primarily from Ghana’s advantageous position in the global gold market, with high gold prices expected to serve as a buffer against external economic pressures.

The UK-based research firm noted that elevated gold prices are likely to increase government revenue, strengthen foreign exchange inflows, and help stabilize the local currency. This resilience is particularly important given growing concerns about a global slowdown, partly triggered by protectionist trade policies and rising tariffs in major economies.

Fitch further emphasized that Ghana’s economy is relatively insulated from US-imposed trade restrictions, as its main exports—gold and crude oil—are not directly targeted. Additionally, the United States accounts for only 4–5% of Ghana’s total exports, whereas trade ties with countries like China, Switzerland, and the Netherlands are more significant.

Despite acknowledging potential risks from broader global uncertainties, the report projects that increased earnings from gold exports will bolster Ghana’s international reserves. These reserves, along with timely central bank actions, are expected to help maintain currency stability and mitigate external shocks throughout 2025

Source: citi newsroom