Ghana’s economic growth expected to reach 5.9% in 2026 – Fitch Solutions
Ghana’s economy is projected to experience a slight growth, with Fitch Solutions forecasting an increase in the country’s Gross Domestic Product (GDP) from 5.8% in 2025 to 5.9% in 2026.
In its November 2025 Sub-Saharan Africa Outlook, the UK-based research firm noted that easing inflationary pressures are expected to boost private consumption. However, it pointed out that this growth may be moderated by ongoing fiscal consolidation, a slow credit pass-through, and a stronger cedi.
The report highlighted that the second quarter of the year demonstrated strong economic performance, with a year-on-year growth rate of 6.3%. This, according to Fitch, was primarily driven by increased household consumption and fixed investment, supported by a significant decline in inflation rates.
This growth represents an improvement from a revised 5.7% during the same period in 2024, indicating strong performance in the services sector.
The services sector, which includes finance, insurance, trade, and education, experienced remarkable growth of 9.9% in the quarter compared to a 2% growth during the same period in 2024.
“We expect annual GDP to edge up from 5.8% this year to 5.9% in 2026 as easing price pressures lift private consumption, tempered by fiscal consolidation, slow credit pass-through and a firmer cedi,” it said.
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