Fitch Solutions has adjusted its forecast for Ghana’s real GDP growth in 2024 to 4.3%, up from the previous estimate of 3.8%.
The firm also anticipates a 4.5% growth rate for 2025.
The 2024 GDP growth rate revision by Fitch Solutions is attributed to an unexpectedly strong increase in economic activities anticipated in the next two quarters of 2024.
Fitch Solutions predicts that economic growth in the upcoming quarters will significantly outperform the previous two years.
While inflation remained high in Q1 2024, averaging 24.2%, it is expected to decline to 19.5% by the end of the year due to statistical base effects.
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