Fitch Solutions, through its subsidiary BMI, has maintained Ghana’s Gross Domestic Product (GDP) growth forecast for 2025 at 4.2%.
The figure is slightly above the government’s own 4.0% projection outlined in the 2025 Budget and the IMF’s April 2025 Regional Economic Outlook.
In its latest Ghana Country Risk Report, BMI attributed the moderate growth outlook to strong gold prices, which are expected to boost export earnings and offset potential impacts from global trade tensions.
It further projected that the country’s current account surplus could hit a record 6.9 per cent of GDP in 2025, supported by both the surge in gold prices and lower energy costs.
This, the report noted, would enhance Ghana’s reserves and help stabilise the local currency, the cedi.
Despite the positive outlook, Fitch cautioned that 2025’s growth would be slower than the 5.7% recorded in 2024, attributing the expected dip to the fading impact of earlier post-crisis recovery efforts.
At a recent IMF/World Bank Spring Meeting in Washington, IMF Africa Department Director Stéphane Roudet emphasised the importance of Ghana adhering to the $3 billion Extended Credit Facility (ECF) programme.
He said successful implementation would strengthen macroeconomic stability, debt sustainability, and unlock more private sector investment.
Finance Minister Dr. Cassiel Ato Forson reaffirmed the government’s commitment to meeting IMF programme targets.
He said Ghana would also roll out its 24-hour economy policy to stimulate job creation and promote industrial growth, aiming to transform the economy into a fully integrated and export-driven system.
