Close Menu

    Subscribe to Updates

    Get the latest headlines from PapaLinc about news & entertainment.

    What's Hot

    Diddy to be sentenced on October 3

    Ministry of Energy confirms commercial viability of Eban-Akoma oil and gas fields

    Hilarious moment a man spoke Korean after his partner convinced him to watch K-drama (WATCH)

    Facebook X (Twitter) Instagram
    • Lifestyle
    • Africa News
    • International
    Facebook X (Twitter) Instagram YouTube WhatsApp
    PapaLincPapaLinc
    • News
      • Africa News
      • International
    • Entertainment
      • Lifestyle
      • Movies
      • Music
    • Politics
    • Sports
    Subscribe
    PapaLincPapaLinc
    You are at:Home»Politics»Ghana’s real household spending to hit GH¢129.7bn in 2025 – Fitch Solutions
    Politics

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

    Papa LincBy Papa LincJune 4, 2025No Comments2 Mins Read0 Views
    Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
    Ghana’s real household spending to hit GH¢129.7bn in 2025 – Fitch Solutions
    Share
    Facebook Twitter LinkedIn Pinterest WhatsApp Email


     Ghana’s real house­hold spending will grow by an improved 2.5 per cent year-on-year to GH¢129.7 billion in 2025, Fitch Solutions has disclosed.

    This follows a weaker growth of 1.1 per cent a year ago.

    According to the UK-based firm, this would be 25.4 per cent above the GH¢103.4 bil­lion recorded in 2019 (pre-pan­demic).

    According to the report, the major drivers of growth would be cooler inflation and greater cedi stability and strength over 2025, while also allowing for a dovish approach from the Bank of Ghana (BoG).

    This is in line with its Coun­try Risk team, which forecasts real Gross Domestic Product (GDP) growth of 4.2 per cent year-on-year.

    For households in Ghana, it pointed out that there will be key upsides.

    Accordingly, the slower infla­tion over 2025 will further fuel spending growth and a greater number of transactions and will also see tailwinds from lower debt servicing costs.

    In February 2025, Fitch Solu­tions said the volume of mobile money transactions decline to under 700 million transactions, following a record high of 745.0 million transactions over Decem­ber 2024.

    Similarly, the value of trans­actions stood at GH¢316 billion over February 2025, identical to the November 2024 reading, though below the December 2024 and January 2025 levels.

    The slowdown in consumer activity, it said, came in the wake of the presidential election at the back of 2024 as well as weaker purchasing power following the December festive season.

    “To the upside, slower infla­tion over 2025 will further fuel spending growth and a greater number of transactions and will also see tailwinds from lower debt servicing costs”, it added.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Reddit WhatsApp Telegram Email
    Previous ArticleBanned Premier League referee David Coote spotted working as delivery man
    Next Article Police arrest Palm Springs IVF clinic bomb suspect 2,600 miles away
    Papa Linc

    Related Posts

    Former Arsenal star Thomas Partey charged with rape

    July 4, 2025

    Young Parliamentarian’s Forum Visit Ashaiman Municipality

    July 4, 2025

    Ghana Standards Authority’s Head of Legal Metrology Honoured for Attaining PhD

    July 4, 2025
    Ads
    Top Posts

    A Plus questions the hypocrisy of NPP members who remained silent about corruption for 8 years, only to speak out after losing power.

    December 26, 202446 Views

    Here’s why Ghana Airways collapsed in 2004

    November 5, 202446 Views

    Urgent search continues for Paul Barning after he was attacked by shark during fishing competition

    February 23, 202539 Views

    Kenyan Senator breaks silence on her alleged intimate affairs, secret child with John Agyekum Kufuor

    December 21, 202434 Views
    Don't Miss
    Entertainment July 4, 2025

    Diddy to be sentenced on October 3

    Sean Combs, popularly known as P. Diddy or Puff Daddy After eight weeks of trial…

    Ministry of Energy confirms commercial viability of Eban-Akoma oil and gas fields

    Hilarious moment a man spoke Korean after his partner convinced him to watch K-drama (WATCH)

    Shocking scenes as protesters storm a Israeli restaurant in Melbourne – as a Jewish synagogue is torched nearby

    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • WhatsApp

    Subscribe to Updates

    Get the latest headlines from PapaLinc about news & entertainment.

    Ads
    About Us
    About Us

    Your authentic source for news and entertainment.
    We're accepting new partnerships right now.

    Email Us: info@papalinc.com
    For Ads on our website and social handles.
    Email Us: ads@papalinc.com
    Contact: +1-718-924-6727

    Facebook X (Twitter) Pinterest YouTube WhatsApp
    Our Picks

    Diddy to be sentenced on October 3

    Ministry of Energy confirms commercial viability of Eban-Akoma oil and gas fields

    Hilarious moment a man spoke Korean after his partner convinced him to watch K-drama (WATCH)

    Most Popular

    April 3, 2023 – Russia-Ukraine information

    October 17, 20240 Views

    ‘I’ve by no means seen something like this:’ Certainly one of China’s hottest apps has the flexibility to spy on its customers, say specialists

    October 17, 20240 Views

    DKB reacts to criticism following his 24-hour economic system skit

    October 17, 20240 Views
    © 2025 PapaLinc. Designed by LiveTechOn LLC.
    • News
      • Africa News
      • International
    • Entertainment
      • Lifestyle
      • Movies
      • Music
    • Politics
    • Sports

    Type above and press Enter to search. Press Esc to cancel.

    Ad Blocker Enabled!
    Ad Blocker Enabled!
    Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.