Remittance inflows increased by 12.4 percent to US$872.1 million in 2025, supporting market liquidity and household consumption. “Activity in the domestic foreign exchange market also expanded, with total transactions rising to US$2.4 billion from US$2.2 billion in 2024.”
The dalasi remained broadly stable in the last quarter of 2025. Between September and December, it depreciated by 0.5 percent against the US dollar, 0.1 percent against the British pound, and 2.2 percent against the CFA franc, while appreciating by 0.9 percent against the Euro.
International reserves stood at US$585.3 million at year-end, covering 4.5 months of prospective imports of goods and services.
On the fiscal side, the overall budget deficit, including grants, narrowed to D5.2 billion (2.8 percent of GDP) in 2025 from D6.8 billion (4.4 percent of GDP) in 2024; however, the deficit excluding grants widened slightly to D21.4 billion (11.5 percent of GDP), compared to D18.7 billion (11.4 percent of GDP) the previous year.
The governor projected real GDP growth of 6.4 percent in 2025 and 6.2 percent in 2026, supported by investment, remittance flows, and performance in services, construction, and agriculture.
The current account deficit improved to US$75.9 million (3.2 percent of GDP) in 2025, down from US$103.9 million (4.4 percent of GDP) in 2024, aided by tourism recovery, steady remittances, budget support inflows, lower global commodity prices, and improved port efficiency.
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