Ghana’s 2026 current account surplus forecast to 7.8% - Fitech Solution

Ghana’s stronger export performance in the first half of 2026 has prompted Fitch Solutions to significantly raise its forecast for the country’s current account surplus to 7.8% of GDP, up from an earlier estimate of 5.2%. The revision follows a sharp improvement in Ghana’s trade position, with the country recording a US$4.3 billion merchandise trade surplus in the first half of 2026. However Fitch Solutions said this was far above the average first-half surplus of about US$700 million recorded over the previous decade. Petrol to hit GH¢16.26, diesel GH¢19.07 from September 16 – COPEC projects According to a report from adomonline.com on Monday September 14, 2026, Fitch Solutions said the stronger-than-expected trade performance was enough to warrant a major upgrade to its outlook for the year. “As such, we have revised up our 2026 current account surplus forecast to 7.8% of GDP, from 5.2% previously,” the firm said. The latest outlook highlights the growing role of gold and other commodity exports in supporting Ghana’s foreign exchange earnings. The surge in export receipts has helped the country earn more from international trade than it spends on imports. However, Fitch Solutions expects the strong external position to ease in 2027, although Ghana is still projected to maintain a sizeable current account surplus. This suggests that the country’s improved external position could remain positive but may not be sustained at the same level as 2026. The outlook also points to Ghana’s continued dependence on commodity exports, particularly gold. While high commodity prices and strong export volumes are currently supporting the external accounts, a decline in global prices or weaker production could quickly reduce the size of the surplus. However, Ghana’s export performance is providing a significant boost to the economy’s external position, with the **7.8% of GDP forecast placing the 2026 current account surplus well above Fitch Solutions’ earlier expectations. ANAS/EB AI Adoption: Businesses must solve real problems, not chase trends – Carlos Amoako Source: www.ghanaweb.com
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