UK-based research firm Fitch Solutions says Ghana’s policy rate is likely to decline further to around 16.5% by the end of 2026, supported by easing inflation and a stable currency.

Speaking at the 2026 PwC Post-Budget Forum in Accra, Assistant Director Mike Kruiniger said Ghana’s improving macroeconomic conditions provide room for continued monetary loosening.

With inflation now back within the Bank of Ghana’s target band, he noted that the benchmark rate is expected to continue its downward trajectory over the next two years.

Kruiniger highlighted that the central bank has already begun an aggressive easing cycle, cutting rates by 650 basis points since the summer — the sharpest reduction seen globally this year.

He added that while monetary policy effects take time to filter through the economy, stronger private-sector credit growth is anticipated after nearly three years of subdued lending.

Fitch Solutions also expects Ghana’s economic performance to strengthen further in 2026, forecasting growth that will outpace many emerging markets.

The firm attributes this optimism to solid macroeconomic gains made in 2025 and believes the positive momentum will continue into the following year.