Fitch Solutions revises Ghana’s GDP growth to 5.5% due to Middle-East conflict

“While the country’s external and fiscal positions will remain largely insulated from the oil price shock – partly due to record-high gold prices – it will push inflation higher. Indeed, major oil marketing companies in Ghana raised petrol and diesel pump prices by around 8–11% in early March, which will add upside pressure to the transport component of the inflation basket and feed through to higher food prices and utility costs”, it disclosed in its latest article “Strong Quarter 4 2025 For Ghana, But Iran Conflict Dims 2026 Growth Outlook”.

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