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Wednesday, 28 October 2026
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Ghanaian press · Organization

Fitch Solutions

Fitch Solutions — research and forecasting firm providing economic, commodity, and sectoral outlooks for Ghana and West Africa.

2026-05-012026-10-28

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In coverage

Verbatim sentences from the source article.

  1. October 2026
  2. Joy Online

    … According to Fitch Solutions, Ghana are best positioned to attract new assembly investment over the medium term in Sub-Saharan Africa. …

    Ghana, 2 others offer vehicle assembly growth in Sub-Saharan Africa – Fitch Solutions
  3. Joy Online

    … According to Fitch Solutions, higher cocoa prices will partly offset lower production volumes in nominal export terms. …

    Cocoa prices risen by 95% since March 2026, to average US$5,670 in 2026
  4. Joy Online

    Fitch Solutions has predicted an upward inflation in 2027, from an annual average of 4.7% in 2026 to 11.3% in 2027. …

    Inflation to average 11.3% in 2027 – Fitch Solutions
  5. Joy Online

    Fitch Solutions has maintained its policy rate forecast at 14.00% by year-end, before the Bank of Ghana hikes it by 200 basis points (bps) to 16.00% in 2027. …

    Fitch Solutions maintains policy rate forecast of 14% by December 2026
  6. September 2026
  7. Joy Online

    Fitch Solutions has sharply upgraded its forecast for Ghana’s 2026 current account surplus to 7.8% of GDP, citing a stronger-than-expected trade performance during the first half of the year. …

    Fitch lifts Ghana’s 2026 current account surplus forecast to 7.8%
  8. Joy Online

    Ghana and Côte d’Ivoire’s export sectors face heightened risks, as the October-December cocoa crop development period coincides closely with the expected peak in El Niño conditions, Fitch Solutions has revealed. …

    Ghana, Côte d’Ivoire’s export sectors face heightened risks due to El l Niño – Fitch Solutions
  9. August 2026
  10. Joy Online

    Ghana was ranked 4th in terms of cocoa bean exports to Europe between 2021 and 2024, averaging 53.7%, Fitch Solutions has revealed. …

    Cocoa bean exports to EU: Ghana ranked 4th in Africa – Fitch Solutions
  11. July 2026
  12. Daily Guide

    Fitch Solutions, the research arm of global credit ratings agency Fitch, has projected the country’s inflation to rise by 9% by the end of 2026 despite the cedi’s strong performance in recent times Associate Director at Fitch Solutions, Mike Kruiniger, who made the projection dur …

    Inflation To Rise 9% By End Of 2026 – Fitch Solutions
  13. Joy Online

    Fitch Solutions, the research arm of global credit ratings agency Fitch, has projected that Ghana’s inflation will rise in the coming months, reaching 9% by the end of 2026. …

    Fitch Solutions predicts inflation to rise to 9% by end-2026 despite recent gains
  14. Joy Online

    Ghana’s construction Gross Value Added (GVA) will grow by 5.2% in 2026, higher than the 3.1% recorded in 2025, Fitch Solutions has disclosed However, the GVA will slow down to 5.1% 2027 and 4.5% in 2028, respectively. …

    Ghana’s construction ‘Gross Value Added’ to slow down in 2027, 2028 – Fitch Solutions
Business

Ghana positioned for vehicle assembly growth in Sub-Saharan Africa

The News

Fitch Solutions forecasts Ghana's automotive production will rise from around 4,700 units in 2025 to approximately 4,900 units in 2026, supported by the Auto Policy and local assembly incentives. A September 2026 expansion by Zonda Tec at its Tema facility increased annual production capacity to 12,000 vehicles and created an estimated 1,000 jobs.

23 October 2026 · Joy Online →

Friday 23 October

  1. Ghana positioned for vehicle assembly growth in Sub-Saharan Africa

    Fitch Solutions forecasts Ghana's automotive production will rise from around 4,700 units in 2025 to approximately 4,900 units in 2026, supported by the Auto Policy and local assembly incentives. A September 2026 expansion by Zonda Tec at its Tema facility increased annual production capacity to 12,000 vehicles and created an estimated 1,000 jobs.

    23 October 2026 · Joy Online →

Tuesday 6 October

  1. Cocoa prices surge 95% since March on production concerns

    Cocoa prices have risen 95.1% since early March 2026 due to expected lower yields in the 2026/27 season, with Fitch Solutions forecasting prices to average US$4,990/tonne in 2026 and US$5,670/tonne in 2027. Ghana's cocoa production is forecast to remain flat while Côte d'Ivoire's output is expected to decline 17.5% year-on-year, though gains for Ghana will be muted by government-controlled pricing mechanisms and forward-selling practices.

    6 October 2026 · Joy Online →

Sunday 4 October

  1. Fitch Solutions forecasts Ghana inflation rising to 11.3% in 2027

    Fitch Solutions predicts inflation will rise to 11.3% in 2027 from 4.7% in 2026, driven by weakening exchange rate support, fiscal loosening, and strong money supply growth; the firm expects the Bank of Ghana to raise the policy rate by 200 basis points by year-end as inflation breaches 10% in the second quarter.

    4 October 2026 · Joy Online →

  2. Fitch Solutions maintains 14% policy rate forecast through December 2026

    Fitch Solutions expects the Bank of Ghana to keep the policy rate at 14% through year-end 2026, before hiking it to 16% in 2027, citing persistent single-digit inflation that will remain below the central bank's target range. The firm notes inflation has risen from 3.2% in March to an expected 6.8% by year-end, driven partly by elevated energy costs and cedi weakness, but expects another rate hold in November 2026.

    4 October 2026 · Joy Online →

Monday 14 September

  1. Fitch raises Ghana's 2026 current account surplus forecast to 7.8%

    Fitch Solutions has upgraded its forecast for Ghana's 2026 current account surplus to 7.8% of GDP, citing stronger-than-expected trade performance in the first half of the year, with a US$4.3 billion merchandise trade surplus driven by robust gold exports and increased crude oil shipments.

    14 September 2026 · Joy Online →

Saturday 12 September

  1. El Niño threatens Ghana and Côte d'Ivoire cocoa exports

    Fitch Solutions warns that El Niño conditions coinciding with Ghana and Côte d'Ivoire's October-December cocoa crop development period could reduce yields through lower rainfall and higher temperatures, weighing on export earnings, government revenues and rural incomes. The firm also flags food security risks as rice imports account for substantial consumption in both countries (Côte d'Ivoire 49%, Ghana 47%), exposing them to El Niño-driven tightening in global rice supplies.

    12 September 2026 · Joy Online →

Thursday 27 August

  1. Ghana ranked 4th in Africa for cocoa exports to EU

    Ghana ranked 4th among African cocoa bean exporters to Europe between 2021 and 2024 with 53.7% of exports, according to Fitch Solutions. West Africa dominates global cocoa production at roughly 65% but Fitch Solutions warns the region faces growing pressure as EU sustainability and traceability requirements shape export flows.

    27 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 →

Sunday 26 July

  1. Ghana's construction GVA to slow in 2027–2028, Fitch Solutions forecasts

    Fitch Solutions forecasts Ghana's construction Gross Value Added will grow 5.2% in 2026, then slow to 5.1% in 2027 and 4.5% in 2028. Ghana ranks 7th in Sub-Saharan Africa for construction GVA, behind Ethiopia, Côte d'Ivoire, and Uganda.

    26 July 2026 · Joy Online →

Monday 29 June

  1. El Niño to pressure Ghana, Côte d'Ivoire cocoa output 2026/27

    Fitch Solutions forecasts El Niño's adverse weather will reduce Côte d'Ivoire's 2026/27 cocoa production to 1.7 million tonnes (a 17.5% year-on-year decline) and keep Ghana's output flat at 670,000 tonnes. Smallholder farmers' limited access to irrigation, financing, and yield-enhancing technologies, combined with reduced fertiliser effectiveness and global supply constraints, compound vulnerability to erratic rainfall.

    29 June 2026 · Joy Online →

Friday 26 June

  1. Fitch Solutions forecasts Ghana inflation rise, economic growth slowdown by 2027

    Fitch Solutions projects Ghana's inflation will average 12.8% in 2027, up from 6.0% in 2026, due to base effects and cedi pressure from global gold prices, while economic growth is forecast to moderate to 4.7% in 2027 from 5.7% in 2026, constrained by stagnant oil and cocoa production and rising fiscal pressures.

    26 June 2026 · Daily Guide →

Thursday 25 June

  1. Ghana inflation forecast to rise to 12.8% in 2027

    Fitch Solutions forecasts Ghana's inflation will average 12.8% in 2027, up from 6.0% in 2026, pressuring household purchasing power. The firm attributes the increase to fading cedi strength, expected El Niño weather effects on food prices, and potential constraints on cocoa production and electricity generation.

    25 June 2026 · Joy Online →

  2. Ghana's growth forecast to moderate to 4.7% by 2027

    Fitch Solutions projects Ghana's economic growth will slow to 4.7% in 2027 from 5.7% in 2026, citing weaker agricultural output, stagnant oil and cocoa production, and intensifying fiscal pressures from debt repayments and Eurobond obligations.

    25 June 2026 · Joy Online →

Friday 1 May

  1. Fitch Solutions downgrades Ghana 2026 growth forecast to 5.5%

    Fitch Solutions has revised its 2026 growth projection for Ghana from 5.9% to 5.5%, citing stronger-than-expected price pressures and the US-Iran conflict as headwinds to consumer spending. The firm expects inflation to reach around 9% year-on-year by the end of 2026, driven largely through fuel prices after oil marketing companies hiked petrol and diesel tariffs by 10-15% in March 2026.

    1 May 2026 · Joy Online →

Fitch Solutions — Ghanaian press coverage · Ghana Minute