A Year of Exceptional Growth
The 2026 budget is shaping up to be a game-changer for Ghana’s economy, with Fitch Solutions projecting the country to outperform several major emerging market giants. According to the UK-based research firm, Ghana’s strong macroeconomic performance in 2025 is expected to spill over into 2026, driving the country’s growth trajectory.
Ghana’s Economic Framework Strengthens
Mike Kruiniger, Assistant Director at Fitch Solutions, described Ghana’s current trajectory as “exceptionally strong,” noting that the country’s economic framework is becoming increasingly robust. “We see the 2026 budget as broadly supportive of growth, and this aligns with our forecast that Ghana’s real GDP growth will rise from an already strong 5.8 percent in 2025 to 5.9 percent in 2026,” he said.
Key Drivers of Growth
Private consumption and a recovering investment climate are expected to serve as key pillars for the upcoming expansion. Kruiniger highlighted that “continued strong economic performance will be driven by private consumption and an ongoing recovery in fixed investment, which is rebounding from the sharp contraction recorded in 2023.” This points to renewed business confidence and increased capital injections into productive sectors of the economy.
Sustained Strength Beyond 2026
Fitch Solutions also projects that Ghana’s economic growth will remain healthy even in the medium term. “In the medium term looking beyond 2026 growth is expected to remain healthy at around 5 percent, supported by expanding domestic demand,” the firm noted.
A Rising Economic Force
Ghana’s projected performance stands out globally, exceeding its own historical trends and those of countries widely regarded as economic powerhouses. Fitch emphasized that Ghana is set to outpace several other emerging markets next year, including Asia and Kenya. This reflects Ghana’s growing competitiveness and strengthens its position as a rising economic force within both Africa and the broader emerging market landscape.
A Moment to Shine on the Global Stage
As global analysts, investors, and development partners observe this unfolding story, the Ambassador of Ghana to China, H.E Kojo Bonsu, is seizing this moment to expand and strengthen Ghana’s business partnership with China, a force to reckon with.
With rising consumer demand, improving investor sentiment from China and a meaningful recovery in fixed investment, Ghana is poised for sustained growth and economic expansion. The 2026 budget is shaping up to be a defining moment for the national economy, and Ghana is ready to shine.
End.
Compiled By: Moses Sackie, Counsellor / Information Officer, Embassy of the People’s Republic of China.
