Afreximbank Projects 9.9% Inflation for Ghana in 2026
By Tina Moses Sam
The African Export-Import Bank (Afriembank) is projecting Ghana’s inflation to average 9.9 percent in 2026.
Although, the Bank maintains that macroeconomic conditions are gradually stabilizing, this projection is far below recent rates the country is recording.
Ghana’s disinflationary trend deepened in January 2026, with headline inflation easing to 3.8 percent, the lowest recorded in nearly 27 years.
In its January 2026 assessment of Africa’s macroeconomic environment, the Bank places Ghana within a stable risk category, reflecting progress under fiscal consolidation efforts and ongoing macroeconomic reforms.
The report also ranks the Ghana cedi among the continent’s strongest-performing currencies. The Ghana cedi appreciated by 27.4 percent year-on-year against the US dollar, according to Afreximbank’s latest exchange rate assessment, making it one of Africa’s top gainers.
In broader emerging market comparisons, the currency is listed among the best high-yield performers year-to-date, supported by tight monetary policy and improved external conditions.
Despite these gains, the Bank notes that exchange-rate performance across Africa remains mixed, with several countries still facing depreciation pressures due to external imbalances and reserve constraints.
At the regional level, Africa’s economy is projected to expand by 4.3 percent in 2026, up from 4.2 percent in 2025, supported by easing inflation, improved policy coordination and recovering investment flows. However, the continent’s average debt-to-GDP ratio remains elevated at about 72 percent, underscoring lingering fiscal vulnerabilities.
For Ghana, the outlook suggests improving price stability and currency strength, but within a broader continental environment still navigating debt risks and uneven recovery.
Afreximbank was established in 1993 and officially commenced operations in 1994 with its Headquarters in Lagos, Nigeria with the purpose to finance and promote intra- and extra-African trade. It is also to support the development of Africa’s export sector, provide financial products that help African countries diversify their economies as well as foster regional economic integration through trade.
The Trade Finance is to providing short-term and medium-term financing for trade transactions, funding infrastructure, industrial, and development projects across Africa. The bank guarantees and risk Mitigation by offering guarantees to reduce risks associated with trade and investment activities.
The bank also facilitates currency exchanges and related financial services and supporting policy development and capacity building for African trade.
Afreximbank has a broad membership base, including African member states, corporate entities, and financial institutions across the continent and beyond.
Its objectives are to enhance Africa’s export capacity and competitiveness, Promote regional economic integration, support economic diversification and industrialization and also reduce dependence on external aid and improve trade balances.
Afreximbank is instrumental in developing Africa’s trade infrastructure, facilitating cross-border trade, and encouraging private sector growth. It helps bridge financing gaps that many African countries face and works towards economic self-sufficiency.
Afreximbank is a crucial financial institution dedicated to boosting trade, investment, and economic development across Africa. Through its various financial products and services, it seeks to transform Africa’s economies, foster regional integration, and promote sustainable growth.
