Ghana to Post Large Current Account Surplus in 2026 and 2027

Fitch Solutions has revised its forecast for Ghana's current account surplus in 2026 and 2027, expecting a significant boost from elevated gold exports.

The UK-based firm now predicts a surplus of 7.8% of Gross Domestic Product (GDP) in 2026, up from its previous estimate of 5.2%. This represents a substantial increase from the average deficit of 0.9% of GDP over the past decade.

While Fitch Solutions expects the surplus to narrow in 2027, it will still remain sizeable at 5.0% of GDP. The firm attributes this expectation to continued high gold prices, which are driven by central-bank buying and concerns about global debt sustainability and inflation.

Gold accounts for approximately 40% of Ghana's merchandise exports, so these dynamics will continue to bolster export earnings in the coming years.