Fitch Ratings has enumerated factors that could, individually or collectively, lead to negative rating action or downgrade for Ghana. This is coming after it upgraded Ghana’s credit rating to B- and a stable outlook. The factors include renewed liquidity pressures, due for example to smaller fiscal consolidation or the materialisationContinue Reading
Ghana’s inflation will average 15% in 2025 and 10% in 2026, Fitch Ratings has revealed. This will be down from 23% in 2024, helped by the large appreciation of the cedi since April 2025, a still tight monetary policy stance and fiscal consolidation. According to the UK-based firm, the sizeContinue Reading
Fitch Ratings has indicated that strong nominal Gross Domestic Product (GDP) growth, fiscal consolidation, ongoing debt restructuring, and significantly larger-than-anticipated exchange rate appreciation in recent months will contribute to public debt falling to 60% of GDP in 2025 and 2026. This will be from 72% in 2024 and a peakContinue Reading
US tariffs have reached levels that are transforming the global economic outlook, significantly raising US recession risks and constraining the Federal Reserve’s ability to lower interest rates further, Fitch Ratings has revealed The “Liberation Day” tariff increases outlined by the US government on 2nd April, 2025 sharply exceeded the already steepContinue Reading
Ratings agency, Fitch has pointed out that Nigerian banks are making significant progress in raising core capital to meet new paid-in capital requirements and are meeting the first quarter 2026 deadline, According to the UK-based firm, this is supporting a recovery in capitalisation from the impact of naira devaluation, providingContinue Reading
The Ghana cedi is projected to close the year around GH¢17.70 to one US dollar in 2025, with a deviation of ± GHp20, Databank Research has revealed. Its expectation is supported by the likely strengthen of gold reserves and the upgrade of the Ghanaian economy which is expected to boostContinue Reading
Fitch Ratings expects the outlook for sub-Saharan African sovereigns to be neutral in 2025. This the UK-based firm says will reflect a stronger macroeconomic outlook and modest fiscal consolidation balanced against still-challenging financing conditions and political and insecurity risks. It forecasted Gross Domestic Product (GDP) growth rate to improve drivenContinue Reading
African banks will remain exposed to domestic and global operating environment risks in 2025, Fitch Ratings has disclosed. It pointed out in its African Banks Outlook 2025 report that while most countries are showing a good degree of resilience, a fall in commodity prices cannot be ruled out. It addedContinue Reading