Fitch slashes Ghana growth outlook amid energy shock

Fitch Solutions has lowered Ghana’s 2026 GDP growth forecast downward to 5.5% from 5.9%, citing the impact of geopolitical tensions in the Middle East and disruptions around the Strait of Hormuz on global energy prices. The firm noted that rising oil prices are expected to increase fuel costs in Ghana, with recent pump price hikes of 8% to 11% likely to drive up transport, food, and utility costs, contributing to inflationary pressures. As a result, Fitch Solutions raised its 2026 inflation for…