A UK-based research firm, Fitch Solutions, says the Ghana cedi is likely to lose some value against the US dollar in 2026, weakening by about 8 percent. In simple terms, this means the cedi may buy fewer dollars next year, which could affect the prices of imported goods.

However, Fitch notes that this expected decline is not as severe as in past years, suggesting that Ghana’s economy is in a more stable position than before. Strong gold exports and healthy foreign reserves are expected to help prevent sharp drops in the value of the cedi.

The firm also expects inflation to rise slightly in the second half of 2026, meaning the cost of living could go up. Still, it says the increase should be milder compared to recent years, offering some relief to households.

For workers, there is some positive news. Government plans to increase base salaries by 9 percent in 2026 should give many public sector workers more money to spend. This is expected to boost household consumption and support economic activity.

Cedi selling at GH¢11.49 ahead of Christmas season

Fitch believes that overall consumer spending will remain strong next year, helping to drive economic growth and sustain jobs and businesses.

The report also highlights that the cedi performed strongly for most of 2025, gaining over 32 percent against the US dollar earlier in the year. The recent slight weakening of the currency, according to Fitch, is mainly due to seasonal demand for foreign exchange and cautious interventions by the Bank of Ghana.

In summary while prices of some imported goods may rise in 2026 due to a weaker cedi, stronger salaries, steady spending, and better economic buffers could help cushion the impact on ordinary Ghanaians.

SP/AE

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