Fitch Solutions has maintained its projection that Ghana’s economy will grow by 4.2% in 2025, outpacing the IMF’s forecast of 4% and the World Bank’s 3.9% estimate.
The UK-based research firm attributes this positive outlook to sustained high gold prices, which are expected to buffer the country against a global economic slowdown driven by rising trade barriers.
Stronger gold prices are projected to boost government revenue, increase foreign exchange inflows, and support the stability of the local currency.
The report also points out that Ghana remains relatively shielded from U.S. trade restrictions, as its key exports gold and crude oil are not directly targeted by the tariffs introduced under President Trump’s administration.
In addition, the United States represents just 4% to 5% of Ghana’s total exports, with the country’s trade more deeply rooted in partnerships with China and European nations, notably Switzerland and the Netherlands.
Despite acknowledging potential risks from global economic uncertainty, Fitch Solutions remains optimistic that increased revenue from gold exports will help cushion the impact.
These earnings are expected to reinforce Ghana’s international reserves and enable the central bank to maintain exchange rate stability through targeted interventions.
