Fitch Solutions retains 2025 growth rate projection at 4.2%

Fitch Solutions has confirmed its forecast for Ghana’s economy. It expects growth of 4.2% in 2025. This estimate is slightly higher than the IMF's 4% and the World Bank's 3.9%.

The UK-based research firm credits high gold prices for this outlook. These prices are expected to protect Ghana from a global slowdown caused by rising tariffs. Higher gold prices will boost government revenue and foreign exchange earnings.

This will help maintain currency stability in Ghana. The report notes that Ghana is less vulnerable to US trade restrictions. Its main exports, gold and crude oil, are not directly impacted by recent tariffs.

Additionally, the US accounts for only 4% to 5% of Ghana’s total exports. Ghana's trade is more focused on China and European countries like Switzerland and the Netherlands.

While there are risks from global economic challenges, Fitch Solutions remains optimistic. They believe gains from gold exports will strengthen international reserves and support exchange rate stability through central bank actions.