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Gross domestic product: robust growth expected in 2024 and 2025 in Ghana

02/07/2024
Source : ORISHAS-FINANCE
Categories: Rate

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Fitch Solutions Country Risk & Industry Research has published a report that mentions a likely increase in GDP in 2024 and 2025.

The growth of the Ghanaian economy is expected to reach 4.3% in 2024, a level much higher than that recorded in 2023 (2.9%), before reaching 4.5% in 2025, thanks in particular to the recovery of domestic demand, the increase in public spending and the increase in foreign investment. According to Fitch Solutions Country Risk & Industry Research, household consumption will be one of the main drivers of growth in 2024, in a context of declining inflation. After reaching an average of 24.2% during the first quarter, the consumer price index will trend downward to 19.5% by the end of the

year.
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