{"id":225055,"date":"2024-10-03T06:25:53","date_gmt":"2024-10-03T06:25:53","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/10\/03\/ghanas-economy-to-expand-by-4-4-in-2025-lower-than-anticipated-5-5-in-2024-fitch-solutions\/"},"modified":"2024-10-03T06:25:53","modified_gmt":"2024-10-03T06:25:53","slug":"ghanas-economy-to-expand-by-4-4-in-2025-lower-than-anticipated-5-5-in-2024-fitch-solutions","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/10\/03\/ghanas-economy-to-expand-by-4-4-in-2025-lower-than-anticipated-5-5-in-2024-fitch-solutions\/","title":{"rendered":"Ghana\u2019s economy to expand by 4.4% in 2025, lower than anticipated 5.5% in 2024 \u2013 Fitch Solutions"},"content":{"rendered":"<br><div id=\"article-text\">\n                       \n                        \n<p class=\"wp-block-paragraph\">Ghana\u2019s economy will expand by 4.4% in 2025, lower than the anticipated 5.5% Gross Domestic Product growth in 2024.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to Fitch Solutions<strong>, a<\/strong>lthough this represents a deceleration compared to 2024, it will remain above the 3.6% it forecast for Sub-Saharan Africa in 2025.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This 4.4% GDP growth will keep Ghana a regional outperformer.\u00a0\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The UK-based firm added that private consumption will remain the engine of growth next year. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWe expect inflation to trend down through 2025, averaging 16.0%, the lowest annual rate since 2021. Easing price pressures will bolster the purchasing power of households, boost consumer confidence, and incentivize private consumption\u201d, it mentioned.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" alt=\"\" class=\"wp-image-10032611156 lazyload ewww_webp_lazy_load\" src=\"https:\/\/www.myjoyonline.com\/wp-content\/uploads\/2024\/10\/Capture-3.png\" decoding=\"async\" width=\"711\" height=\"361\" data-eio-rwidth=\"711\" data-eio-rheight=\"361\" src-webp=\"https:\/\/www.myjoyonline.com\/wp-content\/uploads\/2024\/10\/Capture-3.png.webp\"\/><img decoding=\"async\" src=\"https:\/\/www.myjoyonline.com\/wp-content\/uploads\/2024\/10\/Capture-3.png\" alt=\"\" class=\"wp-image-10032611156\" data-eio=\"l\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">That said, it anticipates that the new government will emphasise fiscal tightening following the December 2024 election in line with Ghana\u2019s International Monetary Fund Programme.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cAs such, we expect the new administration to implement strategies to contain the public wage bill and introduce tax measures to improve revenue collection\u201d.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The UK firm also projected that private consumption growth will slow from 8.5% in 2024 to 5.5% in 2025, contributing 4.8 percentage points to top-level real Gross Domestic Product (GDP) growth.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It added that fixed investment will become a more significant growth driver in 2025.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It however mentioned that capital formation growth was particularly weak in 2023 following the Bank of Ghana (BoG)\u2019s rapid monetary tightening cycle.<\/p>\n\n                <p><strong>DISCLAIMER: <\/strong>The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.<\/p>      \n               \n <!-- Post Tags -->\n                \n\n                        \n\n    \n                                 \n                                             \n                    <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ghana\u2019s economy will expand by 4.4% in 2025, lower than the anticipated 5.5% Gross Domestic Product growth in 2024. According to Fitch Solutions, although this represents a deceleration compared to 2024, it will remain above the 3.6% it forecast for Sub-Saharan Africa in 2025. This 4.4% GDP growth will keep Ghana a regional outperformer.\u00a0\u00a0 The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":225056,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-225055","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ghana\u2019s economy to expand by 4.4% in 2025, lower than anticipated 5.5% in 2024 \u2013 Fitch Solutions - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/10\/03\/ghanas-economy-to-expand-by-4-4-in-2025-lower-than-anticipated-5-5-in-2024-fitch-solutions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ghana\u2019s economy to expand by 4.4% in 2025, lower than anticipated 5.5% in 2024 \u2013 Fitch Solutions - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Ghana\u2019s economy will expand by 4.4% in 2025, lower than the anticipated 5.5% Gross Domestic Product growth in 2024. According to Fitch Solutions, although this represents a deceleration compared to 2024, it will remain above the 3.6% it forecast for Sub-Saharan Africa in 2025. This 4.4% GDP growth will keep Ghana a regional outperformer.\u00a0\u00a0 The [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/2024\/10\/03\/ghanas-economy-to-expand-by-4-4-in-2025-lower-than-anticipated-5-5-in-2024-fitch-solutions\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-03T06:25:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/10\/Capture-3.png\" \/>\n\t<meta property=\"og:image:width\" content=\"711\" \/>\n\t<meta property=\"og:image:height\" content=\"361\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Ghana News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/10\\\/03\\\/ghanas-economy-to-expand-by-4-4-in-2025-lower-than-anticipated-5-5-in-2024-fitch-solutions\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/10\\\/03\\\/ghanas-economy-to-expand-by-4-4-in-2025-lower-than-anticipated-5-5-in-2024-fitch-solutions\\\/\"},\"author\":{\"name\":\"Ghana News\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"headline\":\"Ghana\u2019s economy to expand by 4.4% in 2025, lower than anticipated 5.5% in 2024 \u2013 Fitch Solutions\",\"datePublished\":\"2024-10-03T06:25:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/10\\\/03\\\/ghanas-economy-to-expand-by-4-4-in-2025-lower-than-anticipated-5-5-in-2024-fitch-solutions\\\/\"},\"wordCount\":245,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/10\\\/03\\\/ghanas-economy-to-expand-by-4-4-in-2025-lower-than-anticipated-5-5-in-2024-fitch-solutions\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/Capture-3.png\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/10\\\/03\\\/ghanas-economy-to-expand-by-4-4-in-2025-lower-than-anticipated-5-5-in-2024-fitch-solutions\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/10\\\/03\\\/ghanas-economy-to-expand-by-4-4-in-2025-lower-than-anticipated-5-5-in-2024-fitch-solutions\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/10\\\/03\\\/ghanas-economy-to-expand-by-4-4-in-2025-lower-than-anticipated-5-5-in-2024-fitch-solutions\\\/\",\"name\":\"Ghana\u2019s economy to expand by 4.4% in 2025, lower than anticipated 5.5% in 2024 \u2013 Fitch Solutions - 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