Ghana’s GDP growth is expected to increase from 5.9% to 5.5% – Fitch Solutions

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

Fitch Solutions has revised its 2026 real Gross Domestic Product (GDP) growth forecast for Ghana to 5.5%, from the previous 5.9%.

The UK-based firm is attributing this to the war in the Middle East and the effective closure of the Strait of Hormuz, which it described have dimmed Ghana’s near-term growth outlook.

It also revised Ghana’s average inflation forecast to 7.8% from the initial 7.3%

It continued that while the ongoing conflict in the Middle East and elevated global energy prices cast doubt on further monetary easing by the Bank of Ghana, the cumulative rate cuts of 1,250 basis points since mid‑2025 should still feed through into stronger credit uptake in 2026, even if the policy rate remains on hold at the current 15.50%.

Source: newsthemegh.com