International ratings agency that forecasts global and Ghana-specific economic growth, commodity prices, and sovereign credit ratings.
Verbatim sentences from the source article.
Joy Online
… She pointed to recent improvements in sovereign ratings, noting that Fitch Ratings has affirmed Ghana’s long-term rating at B- with a stable outlook, reflecting “growing confidence in the country’s reform trajectory”. …
UNDP warns Ghana over borrowing costs despite signs of recoveryJoy Online
… Fitch Ratings has affirmed Ghana’s Long-Term rating at ‘B-’ with a stable outlook, reflecting growing confidence in the country’s reform trajectory and macroeconomic stabilisation. …
UNDP supports Ghana’s efforts to rebuild its creditworthinessFitch 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 →
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 →
Rating agency Fitch Ratings projects that the Ghanaian government could extend temporary fuel relief measures introduced to cushion consumers against rising petroleum prices, if the fiscal cost remains below 0.1% of GDP per month and can be offset by savings elsewhere. Fitch said the government may be compelled to maintain the intervention because of the potential impact of rising fuel prices on inflation.
12 May 2026 · Joy Online →
Fitch Ratings upgraded Ghana's Long-Term Foreign-Currency Issuer Default Rating from B- to B with a Positive Outlook, citing a sharp decline in the public debt-to-GDP ratio, strong fiscal consolidation, cedi appreciation, and growth in international reserves. Ghana's public debt is projected to fall to 46 per cent of GDP next year, below the "B" median forecast of 51 per cent.
11 May 2026 · The Ghanaian Times →
Fitch Ratings upgraded Ghana's sovereign credit rating from B- to B with a Positive Outlook, citing strong economic growth, declining public debt, improved fiscal discipline, and rising international reserves as evidence of the country's recovery from debt restructuring and fiscal consolidation.
11 May 2026 · The Ghanaian Times →
Fitch Ratings says Ghana's gold sector has driven economic growth and external stability through high global prices and increased output, boosting export earnings and international reserves. The agency projects Ghana's current account will remain in surplus in the near term, though it may narrow as import demand rises and commodity prices moderate.
11 May 2026 · Joy Online →
Ratings agency Fitch anticipates the Bank of Ghana will pause its monetary policy easing cycle to prevent inflation risks, after cutting rates by a cumulative 1,400 basis points between July 2025 and March 2026 to 14%. Fitch upgraded Ghana's credit profile to B with a stable outlook, citing expectations of 5% average GDP growth through 2027 supported by gold mining and lower inflation.
10 May 2026 · Joy Online →
Following a Fitch credit rating upgrade to B- with a stable outlook, Ghana's government recorded an 80% oversubscription of treasury bills for the first time in two months, receiving GH¢7.8 billion in bids but accepting just above GH¢6 billion. Interest rates showed mixed movement across the yield curve, with the 91-day bill yield falling to 4.88% and the 364-day bill yield falling to 10.13%, while the 182-day bill yield rose to 7.03%.
10 May 2026 · Joy Online →
Fitch Ratings upgraded Ghana's Long-Term Foreign-Currency Issuer Default Rating from B- to B with a Positive Outlook, citing strong economic growth, sharp debt reduction, fiscal discipline, and rising international reserves. The agency expects Ghana's public debt to decline to 46% of GDP by 2027 and international reserves to reach 4.8 months of external payments by the same year.
8 May 2026 · Joy Online →
The United Nations Development Programme has warned Ghana that it must strengthen its sovereign credit profile to avoid high borrowing costs undermining long-term development, even as Fitch Ratings affirms the country's B- rating with a stable outlook following debt restructuring efforts. The UNDP noted Ghana faces a financing gap of 60 to 70 billion dollars by 2030 and has at times been forced to borrow at rates as high as 15 to 25 percent.
30 April 2026 · Joy Online →
The UNDP, in partnership with Japan, has launched a Credit Rating Support Initiative to help Ghana strengthen its sovereign credit profile and restore investor confidence as it recovers from its 2022 debt default and transitions from its IMF programme. Fitch Ratings has affirmed Ghana's Long-Term rating at 'B-' with a stable outlook, though the country faces a projected financing gap of up to $70 billion by 2030.
30 April 2026 · Joy Online →