Josiah
Fitch Solutions has projected a rebound in Ghana’s inflation rate in the second half of 2026, cautioning that recent gains in price stability could be short-lived due to renewed pressures on the Ghana cedi.
The research division of global ratings firm Fitch expects inflation to close the year at 9%, a figure significantly above the government’s target and largely driven by concerns over the future performance of the local currency.
Speaking during PwC Ghana’s webinar on the 2026 Mid-Year Budget Review, Associate Director at Fitch Solutions, Mike Kruiniger, said the recent decline in inflation was largely supported by the cedi’s strong performance.
He, however, warned that the trend may not be sustained, citing expectations of a weakening currency outlook.
“We don’t expect the cedi to remain as strong in the coming months based on the Bank of Ghana’s current policy stance,” Mr Kruiniger said, noting that any depreciation of the currency could increase the cost of imports and trigger renewed inflationary pressures.
Fitch’s projection contrasts with the government’s forecast, as Finance Minister Dr Cassiel Ato Forson remains optimistic that inflation will continue its downward trajectory and fall to 5% by the end of 2026.
