Ghana’s 4% GDP growth target achievable but faces key risks – Deloitte

Deloitte considers the government’s 4% real GDP growth target for 2025 realistic, given the 5.7% growth in 2024. However, the firm warns that fiscal tightening and expenditure cuts could slow policy implementation.

In its 2025 budget review, Deloitte stresses the importance of reducing high budget deficits, which averaged 7.5% between 2021 and 2024. The projected 3.1% deficit for 2025 signals fiscal prudence under the IMF program, helping restore investor confidence.

While supporting controlled spending, Deloitte urges economic expansion to combat unemployment. The firm warns that rising energy sector debts could threaten growth, emphasizing the need for a stable power supply.

Deloitte advises the government to engage stakeholders and implement a roadmap to resolve energy arrears to sustain industrial growth.