Fitch Solutions expects Ghana’s economy to experience a minor expansion in the coming year, with the annual Gross Domestic Product projected to rise from 5.8% in 2025 to 56.9% in 2026.
This positive trend is attributed to several factors, including a decrease in price pressures that is expected to stimulate consumer spending. However, this growth will likely be moderated by ongoing fiscal adjustments, a slow transition in credit accessibility, and a relatively stronger value for the cedi.
In its November 2025 report on the Sub-Saharan African region, the firm noted that the outlook for the next year remains generally strong. The forecast follows a robust second-quarter performance in 2025, where the economy grew by 6.3% compared to the previous year. This recent success was largely fueled by household spending and fixed investments, which were made possible by a significant drop in inflation rates.
The current trajectory shows clear improvement over 2024 figures, which saw a revised 5.7% growth for the same period. A major contributor to this resilience is the services sector – covering areas such as trade, education, and financial services – which experienced a dramatic increase from 2% to 9.9% over the past year.
While these fundamentals remain solid, analysts suggest that the overall momentum will depend on how effectively the government balances fiscal discipline with the need for continued investment.
