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Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd
Ghana’s inflation will average 12.8% in 2027 from 6.0% in 2026, Fitch Solutions has stated.
According to the UK-based firm, this will weigh on household purchasing power and private consumption.
In its latest report on Ghana, it said a tighter-than-expected monetary policy stance by the US Federal Reserve in response to elevated inflation would weigh on global gold prices and, by extension, Ghana’s export earnings.
“This would put pressure on the cedi, resulting in higher inflation than we currently forecast and a corresponding drag on household consumption and broader economic activity in H2 [second-half] 2026 and 2027”.
Source: newsthemegh.com