Fitch Ratings — international credit rating agency assessing African banks, sovereigns, and macroeconomic conditions including Ghana's banking sector health and sovereign debt profiles.
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The Chronicle
… When Ghana borrows money on international markets, the interest rate it pays is decided largely by three private companies in New York: Moody’s, S&P, and Fitch. …
The Systems -Who Controls Them, Who Benefits, and Who Pays: One Ordinary Day in One Ordinary LifeJoy Online
… The Bank is also optimistic that improved investor confidence following Ghana’s Fitch upgrade and the government’s early Eurobond repayment decision could support the economy. …
Cedi slides again as dollar demand outpaces supply, depreciation hits 8.89%Joy Online
… The Bank is also optimistic that improved investor confidence following Ghana’s Fitch upgrade and the government’s early Eurobond repayment decision could support the economy. …
Cedi slides again as dollar demand outpaces supply, depreciation hits 8.89%The Ghanaian Times
… Fitch Ratings upgraded the country’s long-term foreign-currency rating from B- to B with a positive outlook in May 2026, citing a sharp fall in public debt (from roughly 71% of GDP in 2024 toward a projected 46% by 2027), sustained fiscal surpluses and rising reserves. …
Solomon Asamoah: Why Global Investors Are Watching Ghana More Closely Than EverJoy Online
… It further believes renewed investor confidence, following Ghana’s recent Fitch upgrade and government’s early Eurobond repayment decision, could support the economy. …
BoG confident cedi stability will continue as dollar pressures easeJoy Online
Nigerian banks’ impaired loans ratios increased sharply, putting pressure on capitalisation, following the withdrawal of longstanding forbearance at end half-year 2025, Fitch Ratings has disclosed. …
New paid-in capital requirements help Nigerian banks exit forbearance – FitchJoy Online
… Fitch expects the credit implications of climate risk for African banks to materialise gradually. …
African banks face structural exposure to climate risk; credit implications evolvingJoy Online
Fitch Ratings is predicting in its latest report a growth rate of 5.0% for Ghana in 2026. …
Fitch predicts 5.0% growth rate for Ghana in 2026Joy Online
… The Bank of Ghana Governor continued that “Last year, for the first time, we received a standalone credit rating of B+ from Fitch, a rating that pierces Ghana’s own sovereign ceiling”.
We want to make GHIB a leading financial bridge between Africa and international capital market – BoG GovernorJoy Online
… Those gains have drawn international recognition, with Fitch, Moody’s, and S&P all upgrading Ghana’s sovereign credit rating — what the IEA describes as the first triple upgrade in many years. …
Mahama’s approval rating drops to 58.9% but majority of Ghanaians still back him — IEA pollThe African Union launched the Africa Credit Rating Agency (AfCRA) in Mauritius on Wednesday, seeking to provide an alternative to the "big three" global ratings agencies and better assess African investment risk. African leaders have accused Western ratings agencies of failing to fairly assess lending risk and moving too quickly to downgrade African countries during crises.
4 hours ago · Joy Online →
The African Union launched the Africa Credit Rating Agency (AfCRA) in Mauritius on Wednesday, seeking to provide an alternative to the "big three" global ratings agencies and better assess African investment risk. African leaders have accused Western ratings agencies of failing to fairly assess lending risk and moving too quickly to downgrade African countries during crises.
4 hours ago · Joy Online →
Fitch Ratings said Attijariwafa Bank's acquisition of a 55.2% stake in Société Générale Ghana is likely ratings-neutral because the subsidiary's assets of less than US$1 billion are only about 1.0% of AWB's total assets. Fitch also noted that Ghana's banking sector shows healthy profitability metrics, with pre-tax return on equity and return on assets of 22% and 4.3% respectively in eight months of 2026.
6 October 2026 · Joy Online →
Ghana must repay GH¢111 billion of restructured domestic bonds in 2027 and 2028 (GH¢58 billion in 2027, GH¢53 billion in 2028) from the 2022/23 Domestic Debt Exchange as bullet payments. While annual maturities after 2028 range from GH¢4.9 billion to GH¢9.3 billion, this concentration represents a refinancing challenge rather than a repayment problem, as obligations of this size are typically refinanced through standard sovereign practice.
28 September 2026 · Joy Online →
Fitch Ratings reports that contributions from African banking groups' foreign subsidiaries to net income and total assets have grown over the past decade and will likely increase further, with Access Bank Plc recording the fastest cross-border growth in recent years. The expansion is driven by acquisitions, support for cross-border customers, and growth opportunities from the African Continental Free Trade Agreement, though Moroccan banking groups are an exception due to lack of acquisitions.
15 September 2026 · Joy Online →
Fitch Ratings reports that Ghanaian banks' credit profiles are benefiting from improved creditworthiness and stabilised economic conditions following sovereign debt restructuring, with the sector's capital adequacy ratio at 20.4% well above minimum requirements and impaired loans declining.
10 September 2026 · Joy Online →
Bank of Ghana Governor Dr. Johnson Asiama says the government is hopeful of a ratings upgrade in the second half of 2026, following recent upgrades from S&P and Fitch Ratings. The Governor attributed the improvements to fiscal consolidation through enhanced domestic revenue mobilization, prudent expenditure management, and restoration of debt sustainability.
28 August 2026 · Joy Online →
The African Peer Review Mechanism, an African Union-backed initiative, will launch a continent-wide credit ratings agency on October 5 in Mauritius to assess the creditworthiness of African sovereigns and provide an alternative to global rating firms. African leaders argue that the dominant western agencies do not fairly assess lending risk in Africa and downgrade African economies too quickly during crises.
27 August 2026 · Joy Online →
Fitch Ratings reports that Standard Bank, Absa, and First National Bank are well positioned to weather spillovers from the US-Iran war, citing their strong franchises, healthy profitability, and sound capital and liquidity buffers. The rating agency forecasts headline inflation at 5.0% in June 2026 and predicts further interest rate rises followed by cuts, with impaired loan ratios declining and capital ratios remaining comfortably above regulatory minimums.
13 August 2026 · Joy Online →
Fitch Solutions has projected Ghana's inflation will rise to 9% by the end of 2026, largely driven by renewed pressure on the cedi, stronger domestic demand, and higher food prices linked to El Niño-related weather disruptions, despite the cedi's recent strong performance. The projection is based on the Bank of Ghana's new monetary stance and expectations that the cedi will not stabilise strongly in coming months.
31 July 2026 · Daily Guide →
Fitch Solutions projects Ghana's inflation will rise to 9% by the end of 2026, driven largely by renewed pressure on the cedi, and further to 13.2% by end-2027 due to stronger domestic demand, imported inflation, and food price increases linked to weather disruptions. The forecast contrasts with Finance Minister Dr Cassiel Ato Forson's projection of 5% inflation by December.
29 July 2026 · Joy Online →
A Chronicle essay traces one day in the life of Abena, a 34-year-old fabric seller in Madina who navigates multiple global systems—including money-transfer networks that charge sub-Saharan Africa an average of 8 percent, far above the global 3 percent target—each extracting value before day's end, illustrating how international financial infrastructure shapes the lives of ordinary Africans.
21 July 2026 · The Chronicle →
The Ghana cedi has weakened further as demand for foreign exchange continues to exceed market supply, with depreciation reaching 8.89% from January to date. The pressure stems partly from increased dollar demand by energy sector players financing crude oil imports and petroleum products, compounded by inadequate dollar supply to meet broader business demand.
21 July 2026 · Joy Online →
The Ghana cedi has come under renewed pressure as demand for foreign exchange continues to outstrip market supply, with depreciation reaching 8.89% from January to date. Market players attribute the pressure to increased demand from energy sector players financing crude oil and petroleum imports, as well as inadequate dollar supply to meet business demand.
21 July 2026 · Joy Online →
International investors are shifting focus from Ghana's potential and opportunities to examining its discipline, institutions, governance, and capacity to deliver projects, according to an analysis by Solomon Asamoah. This shift reflects tighter global capital markets and investors' ability to compare Ghana with competing African and emerging-market opportunities.
13 July 2026 · The Ghanaian Times →
The Bank of Ghana says recent cedi stability is expected to continue following improved foreign exchange conditions, supported by its Forex Intermediation and FX Intervention programmes. The cedi recorded its first monthly appreciation of more than 3% in June 2026, and the BoG plans to supply about US$1 billion to the market in July 2026.
8 July 2026 · Joy Online →
Fitch Ratings reports that Nigerian banks' impaired loans ratio jumped to 8% in early 2026 following the withdrawal of regulatory forbearance, but capital raisings to meet new paid-in capital requirements enabled banks to absorb additional provisions and remain compliant with minimum capital adequacy ratios. The agency expects the impaired loans ratio to decline to about 5% by end-2026 as oil production and prices improve.
30 June 2026 · Joy Online →
African banks face rising climate-related credit vulnerability, with transition risks (from carbon-intensive sectors and decarbonisation) posing near-term concerns and physical risks (droughts, floods, heat stress, water scarcity) becoming more material from the mid-2030s onward. Fitch recommends banks strengthen risk frameworks, diversify portfolios, and adapt funding structures.
30 June 2026 · Joy Online →
Fitch Ratings predicts Ghana will achieve 5.0% GDP growth in 2026, down from 5.9% in 2025, citing risks from the Middle East conflict including higher energy import costs, supply shortages, and inflationary pressures that could test the region's economic resilience.
18 June 2026 · Joy Online →
The Bank of Ghana Governor, Dr. Johnson Asiama, stated that the Ghana International Bank will become a leading financial bridge between Africa and international capital markets. The GHIB Board announced Chartered Accountant and Banker Ian Greenstreet as the new CEO, subject to regulatory approval, succeeding Dean Adansi who led the bank for eight years.
11 June 2026 · Joy Online →
According to an IEA poll conducted in May 2026 across all sixteen regions of Ghana, President John Mahama's job approval rating has fallen to 58.9%, down from 68% in December 2025, though 28.4% disapprove and 12.8% have no opinion. Among approvers, 73.5% cite the government's handling of the economy as the overwhelming reason for their support.
10 June 2026 · Joy Online →
President John Mahama's job approval rating has dropped to 58.9% from 68% in December 2025, according to an IEA poll of over 1,000 respondents conducted across Ghana's sixteen regions in May 2026. While 28.4% disapprove and 12.8% have no opinion, the wide gap between approval and disapproval shows positive assessments remain well ahead of critical ones, with economic management cited as the overwhelming reason for approval among supporters.
10 June 2026 · Joy Online →
President John Mahama's job approval rating has dropped from 68% in December 2025 to 58.9% in May 2026, according to an IEA nationwide poll of over 1,000 respondents across all sixteen regions. Despite the decline, a majority still approve of his performance, with the economy cited as the overwhelming reason for support among approvers.
10 June 2026 · Joy Online →
Ratings agency Fitch has revised its forecast for Brent crude to US$87 per barrel, up from US$70, citing oil shocks as a headwind to world growth; the firm also examined an adverse scenario where oil prices could average US$100 per barrel in 2026 given persisting geopolitical uncertainties.
5 June 2026 · Joy Online →
Fitch Ratings has lowered its 2026 global growth forecast by 0.2 percentage points to 2.4%, citing higher inflation squeezing real wages and raising input costs, though AI-related IT investment is cushioning the impact. The firm also cut forecasts for the US and eurozone but raised China's forecast to 4.6% following strong first-quarter 2026 data.
5 June 2026 · Joy Online →
Finance Minister Dr Cassiel Ato Baah Forson told diaspora Ghanaians in London that Ghana is "open for business" and invited them to invest, noting that diaspora remittances exceeded $7 billion last year and describing the diaspora as important partners in nation-building.
2 June 2026 · Joy Online →
Fitch Ratings upgraded United Bank for Africa Ghana's Long-Term Issuer Default Rating to 'B' from 'B-' with a Positive Outlook, and its Viability Rating to 'B' from 'B-', citing improved asset quality, profitability, and capital strength. The upgrade reflects improvements in Ghana's sovereign rating and the bank's strong financial metrics, including an NPL ratio of 2.1% at end-2025 and a Total Capital Adequacy Ratio of 22.7% in Q1 2026.
25 May 2026 · Business & Financial Times →
The Ghana Investment Promotion Centre CEO reported that the European Union invested US$16.24 billion in Ghana between 1994 and May 2026 across 2,236 projects, with manufacturing accounting for over US$8.49 billion and services, construction, and mining also receiving significant inflows.
22 May 2026 · Joy Online →
Despite Africa representing nearly one-fifth of global population but less than 3% of sovereign debt—lower ratios than Europe, the US, and Japan—many African countries remain trapped in debt cycles due to structural inequalities in global finance that limit access to affordable, long-term capital and force reliance on costly, short-term, market-based borrowing in foreign currencies.
13 May 2026 · Business & Financial Times →
Petrol and diesel prices are expected to increase from May 16, 2026, even if the government extends its current intervention programme. With extension, petrol could rise by 2.5–3% to around GH¢14.50 per litre and diesel by 1.8% to about GH¢16.50; without extension, petrol could reach GH¢15.80 and diesel GH¢18.05, according to the Chief Executive Officer of the Chamber of Oil Marketing Companies.
13 May 2026 · Joy Online →
Secondary bond market aggregate turnover fell 46.60% week-on-week to GH¢1.25 billion, with the 2027-2030 maturity segment accounting for 88.77% of activity at a weighted-average yield of 11.25%. Analysts expect activity to remain concentrated in the front-to-belly segment ahead of the May 2026 MPC meeting, though Fitch's sovereign rating upgrade of Ghana should support investor sentiment.
12 May 2026 · Joy Online →