Fitch Solutions maintains nearly 6% growth rate for Ghana in 2026, but expects economy to lose momentum in 2027
According to the UK-based firm, the Ghanaian economy has remained largely insulated from global developments over the past year, supported by elevated gold prices, low domestic inflation, and the transmission of the Bank of Ghana’s (BoG) 1,400 basis points easing cycle.
Fitch Solutions forecasts nearly 6.0% growth for Ghana's GDP in 2026, citing high gold prices, low inflation, and the Bank of Ghana's easing cycle. However, the firm predicts the economy's pace will slow to 4.7% in 2027 due to rising inflation, higher money supply growth, and global food price increases. The BoG's tightening measures and reduced credit growth will further weigh on domestic demand.
Although oil-exporting nations may benefit from elevated energy prices, Fitch Solutions anticipates the inflationary environment to erode purchasing power and negatively impact private consumption and business activity, weakening growth prospects in 2027.
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