• Latest
  • Trending
Ghana’s household spending to hit GH¢129.7bn in 2025 – Fitch reveals

Ghana’s household spending to hit GH¢129.7bn in 2025 – Fitch reveals

February 26, 2025

Ghana’s declaration of July 1 as National Day of prayer and thanksgiving, backed by Akufo-Addo

June 6, 2025
Government to ban the use of wooden chairs in Schools

Government to ban the use of wooden chairs in schools

June 6, 2025
Vanderpuye criticises Minority for petitioning Police instead of Electoral Commission

Vanderpuye criticizes Minority for petitioning Police instead of Electoral Commission

June 5, 2025
Zambia's former president Edgar Lungu dies aged 68

Zambia’s former president Edgar Lungu dies aged 68

June 5, 2025
Inside ASANA Bar and Kitchen – Accra's New Elite Asian- Fusion Restaurant

Inside ASANA Bar and Kitchen – Accra’s New Elite Asian- Fusion Restaurant

June 5, 2025
World Bank to Uganda

World Bank to resume Uganda funding after halt over anti-LGBT law

June 5, 2025
Ghana bans importation of excavators in renewed fight against illegal mining

Ghana bans importation of excavators in renewed fight against illegal mining

June 5, 2025
Communication Minister to hold inaugural meeting with Parliamentary Select Committee on Information and Communications

Communication Minister to hold inaugural meeting with Parliamentary Select Committee on Information and Communications

June 5, 2025
NSA receives 5,000 layer birds to boost agribusiness under 'Nkokɔ Nketenkete' initiative

NSA receives 5,000 layer birds to boost agribusiness under ‘Nkokɔ Nketenkete’ initiative

June 5, 2025
Government to ban use of 'Takeaway' packs - Mahama announces

Government to ban use of ‘Takeaway’ packs – Mahama announces

June 5, 2025
NPP’s National Thank You Tour ends successfully — Dr. Bawumia expresses gratitude

NPP’s National Thank You Tour ends successfully — Dr. Bawumia expresses gratitude

June 5, 2025
Mahama approves GHS1 fuel levy to support energy sector

Mahama approves GHS1 fuel levy to support energy sector

June 5, 2025
Happy Ghana
Advertisement
No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
No Result
View All Result
Happy Ghana
No Result
View All Result
Home News

Ghana’s household spending to hit GH¢129.7bn in 2025 – Fitch reveals

in News, Top Story
Ghana’s household spending to hit GH¢129.7bn in 2025 – Fitch reveals

Ghana’s household spending to hit GH¢129.7bn in 2025 – Fitch reveals

Share on FacebookShare on TwitterShare on Whatsapp

Ghana’s real household expenditure is expected to grow by 2.5% year-on-year in 2025, following a modest 1.1% increase in 2024.

According to Fitch Solutions, this rise will push total household spending to GH¢129.7 billion—a 25.4% increase from the GH¢103.4 billion recorded in 2019 before the pandemic.

The UK-based research firm attributed the projected expansion to easing inflation and improved cedi stability in 2025, creating room for a more accommodative monetary stance from the Bank of Ghana (BoG).

“We will see an improvement in Ghanaian household spending over 2025, as households rally from elevated inflation and cedi weakness. Following the presidential elections in December 2024, consumer activity is already beginning to rebound, and with cooler levels of price growth, greater cedi stability, and a dovish approach from the Bank of Ghana, households will see a marked uptick in purchasing power and will support a rebound in both essential and discretionary segments,”they emphasized.

Mobile money transaction volumes soared to a record GH¢745.0 million in December 2024, up from GH¢678.8 million in July.

This sharp increase underscores heightened consumer activity, particularly following the December 2024 presidential elections.

“While inflation remains a key driver of the growth of the value of mobile money transactions, the rate of growth is considerably above the level of inflation and is therefore pointing to a consumer recovery story, which is reflecting in strong spending growth figures over H2 [second half] 2024 and into 2025,” Fitch Solutions added.

The firm concluded that lower inflation in 2025 will drive higher spending and transaction volumes, supported by reduced debt servicing costs.

Tags: Ghanahousehold spending

Subscribe to receive notification everytime a new post is published. We promise to be discrete.

Unsubscribe
Previous Post

2025 Budget: GUTA urges tax cuts, currency stability and business cost reductions

Next Post

National Service Authority cancels volunteer appointments

Next Post
National Service Authority cancels volunteer appointments

National Service Authority cancels volunteer appointments

Search

No Result
View All Result

Listen Live

BBC Match of the Day Africa

Happy Ghana

Recent News

  • Ghana’s declaration of July 1 as National Day of prayer and thanksgiving, backed by Akufo-Addo
  • Government to ban the use of wooden chairs in schools
  • Vanderpuye criticizes Minority for petitioning Police instead of Electoral Commission
  • About
  • advertise
  • Privacy Policy
  • Contact Us

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.

No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.