A leading economist at Stanbic Bank has projected a positive fiscal outlook for Ghana in 2026, citing improving economic indicators and renewed investor confidence.
According to the analysis, Ghana is on track to experience stronger macroeconomic stability driven by sustained revenue reforms, reduced inflation, and a gradual recovery of key sectors such as agriculture, services, and extractives. The economist noted that ongoing fiscal consolidation efforts and policy coordination between the government and financial institutions are beginning to yield results.
The report highlights expected improvements in government revenue collection, enhanced expenditure management, and a more stable exchange rate environment. These factors, it says, could help narrow the budget deficit and place Ghana on a more sustainable growth trajectory going into 2026.
Stanbic Bank’s analysis also anticipates a rebound in private sector activity as inflation continues to decline, lending rates ease, and business confidence is restored. The banking sector is expected to play a key role, especially through increased credit support for SMEs and high-growth industries.
However, the economist cautioned that global uncertainties, commodity price fluctuations, and election-related expenditure pressures remain risks that could affect the overall outlook. Effective policy implementation, the report stresses, will be crucial in maintaining the projected economic stability.
The positive outlook comes at a time when economic watchers are closely monitoring Ghana’s fiscal reforms ahead of the government’s medium-term development programmes.
