Fitch Solutions raises Ghana’s current account surplus forecast to 7.8% of GDP
Fitch Solutions has raised its forecast for Ghana’s current account surplus in 2026 to 7.8% of GDP from the previous 5.2% of GDP. The reason was stronger-than-expected foreign trade performance in the first half of the year.
Trade surplus
As MyJoyOnline reports, the research arm of Fitch Ratings said Ghana’s merchandise trade surplus amounted to $4.3 billion in the first half of 2026.
This is significantly higher than the average of $700 million recorded in the first halves of the previous decade. The result was largely driven by high gold export volumes and increased crude oil shipments.
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Outlook for 2027
Fitch Solutions noted that trade results exceeded the company’s previous expectations, prompting an upward revision of its 2026 current account surplus forecast.
At the same time, Fitch Solutions expects the surplus to narrow in 2027, although the positive balance is forecast to remain substantial. Ghana’s external position will continue to depend on revenue from exports of gold and other commodities, global commodity prices, and export volumes.
