Credit: Kekeli K. Blamey
Ghana’s gold industry is poised to play a pivotal role in stabilising the national economy in 2025, as rising global gold prices offset external pressures and help steer the country toward improved macroeconomic performance, a new Fitch Solutions report has revealed.
According to the economic research firm, surging demand and prices for gold are expected to significantly boost Ghana’s export revenues, strengthening its current account position and shoring up foreign exchange reserves.
The report projects a current account surplus of 6.9% of GDP in 2025 — a historic high — largely driven by the resilience of the gold sector.
“This surplus will provide vital support to Ghana’s foreign reserves and act as a buffer against global trade uncertainties,” the report stated, referencing ongoing tensions and new U.S. tariffs that have raised concerns across emerging markets.
The strengthening of the external sector is expected to relieve pressure on the local currency, the cedi, and contribute to moderating inflation — developments that could offer relief to consumers, importers, and the broader business community grappling with high living costs.
While the global economy faces headwinds, Fitch Solutions remains cautiously optimistic about Ghana’s outlook. It has maintained its 2025 GDP growth forecast at 4.2%, crediting gold exports as a critical engine of resilience amid fluctuating energy prices and uncertain global trade dynamics.
This reaffirms the strategic importance of Ghana’s mining sector not just as a source of revenue, but as a shield against macroeconomic shocks in a volatile global environment.
