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Ghanaian press · Organization

Fitch Ratings

Rating agency issuing macroeconomic forecasts and credit assessments for financial institutions and sovereigns across Africa and globally.

2026-04-302026-08-23
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In coverage

Verbatim sentences from the source article.

  1. April 2026

  2. 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 recovery

  3. Joy 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 creditworthiness
Business

South Africa's major banks well positioned for Iran-US conflict spillovers

The News

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 →

Thursday 13 August

  1. South Africa's major banks well positioned for Iran-US conflict spillovers

    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 →

Friday 31 July

  1. Fitch Solutions projects Ghana inflation at 9% by end 2026

    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 →

Wednesday 29 July

  1. Fitch Solutions forecasts inflation to reach 9% by end-2026

    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 →

Tuesday 21 July

  1. Global systems extract costs from ordinary Ghanaians daily

    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 →

  2. Cedi depreciates 8.89% year-to-date as dollar demand outpaces supply

    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 →

  3. Cedi depreciates 8.89% year-to-date as dollar demand exceeds supply

    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 →

Monday 13 July

  1. Global investors scrutinizing Ghana's governance and institutions more closely

    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 →

Wednesday 8 July

  1. BoG expects cedi stability to continue as forex pressure eases

    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 →

Tuesday 30 June

  1. Nigerian banks use capital raises to offset impaired loans

    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 →

  2. African banks face rising climate-related credit vulnerability

    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 →

Thursday 18 June

  1. Fitch forecasts Ghana's 2026 growth at 5.0 percent

    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 →

Thursday 11 June

  1. Bank of Ghana Governor announces new GHIB CEO, growth plans

    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 →

Wednesday 10 June

  1. Mahama's approval rating drops to 58.9% but majority still back him

    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 →

  2. Mahama's approval rating falls to 58.9%, majority still support him

    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 →

  3. Mahama approval rating falls 9.1 points to 58.9% in IEA poll

    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 →

Friday 5 June

  1. Fitch raises 2026 Brent crude forecast to US$87 per barrel

    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 →

  2. Fitch cuts 2026 global growth forecast to 2.4 percent

    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 →

Tuesday 2 June

  1. Finance Minister appeals to diaspora investors to return to Ghana

    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 →

Monday 25 May

  1. Fitch upgrades UBA Ghana's Long-Term Issuer Default Rating

    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 →

Friday 22 May

  1. EU invested $16.24 billion in Ghana over 30 years

    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 →

Wednesday 13 May

  1. Africa's debt crisis rooted in global financial system asymmetries

    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 →

  2. Fuel prices to rise from May 16 regardless of policy extension

    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 →

Tuesday 12 May

  1. Secondary bond market turnover falls 46% to GH¢1.25bn

    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 →

  2. Fitch projects Ghana may extend fuel price relief measures

    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 →

Monday 11 May

  1. Fitch upgrades Ghana's credit rating to B with positive outlook

    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 →

  2. Fitch upgrades Ghana's sovereign credit rating to B

    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 →

  3. Gold sector strengthens Ghana's growth and external stability

    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 →

Sunday 10 May

  1. Fitch expects BoG to pause rate cuts after 1,400 basis point reduction

    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 →

  2. Government records 80% treasury bill oversubscription in two months

    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 →

Friday 8 May

  1. Fitch upgrades Ghana's credit rating to B with positive outlook

    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 →

Fitch Ratings — Ghanaian press coverage · Ghana Minute