31
May
Fixed investment in Ghana will grow by a subdued 1.3% in 2023, below the 2015-2019 average of 2.7%, adding 0.3 percentage points to the headline growth. According to Fitch Solutions, this is due to tighter financial conditions that will weaken activity in the real estate and construction sectors further, placing downside pressure on fixed investment growth over the year. “Fixed investment will remain subdued due to constrained access to credit amid tighter monetary conditions and the domestic debt restructuring programme. Public investment spending will also remain weak as the government reins in spending”. Since late 2021, the Bank of Ghana…