The Ghana cedi will weaken by 8.0% against the US dollar in 2026, Fitch Solutions has disclosed.
According to the UK-based firm, this is still below its long-term (2010-2025) average depreciation of 10.2%.
“Indeed, elevated global gold prices and healthy international reserves will limit any undue pressure on the exchange rate in the coming quarters”, it pointed out in an article “2026 Outlook For Ghanaian Economy Remains Robust, Despite Quarter 3 2025 Slowdown”.
It continued that while inflation will run slightly hotter in the second-half of 2026 amid some demand-side pressures, it will remain modest by recent standards, limiting strain on household finances.
In addition, Fitch Solutions said the government’s commitment as outlined in the 2026 Budget to raise public-sector wages by 9.0% will further bolster purchasing power.
“As such, we forecast private consumption growth to stay strong at 6.5% in 2026, contributing 5.3 percentage points to headline real Gross Domestic Product growth”, it alluded.
The Ghana cedi slipped amid seasonal heat over the last two weeks.
Over the past two weeks, the local currency experienced modest depreciation pressures against the major trading currencies, driven mainly by seasonal demand and cautious foreign exchange support from the central bank.
In the interbank market, the US dollar Ghana cedi pair closed the fortnight at a midrate of GH¢11.41, up from GH¢1.12. Against the pound and euro, the cedi depreciated by 4.62% and 3.87%, closing at GH¢15.26 and GH¢13.32, respectively.
In the retail market, the cedi dipped 0.41% to GH¢12.05, while shedding 0.94% and 1.08% of its value against the pound and euro, closing at GH¢15.90 and GH¢13.95, respectively.