Introduction Macroeconomic Insights Global Political Landscape Ghana’s Fiscal Position Technology & Cybersecurity Banking Industry Figure 7: End of Year Annual Inflation Dynamics Source: Bank of Ghana Online Database Portal External Sector Performance and Exchange Rate Movements E xternal sector indicators reinforced this stabilisation. The current account balance, which recorded deficits as large as negative 7.5 percent of GDP in 2015, shifted into surplus from 2023 onward and reached a peak of 4.4 percent of GDP in 2025.
This turnaround was supported by strong gold export receipts, elevated gold prices that peaked at approximately 4,054 US dollars per ounce in 2025, and resilient remittance inflows. The improvement in the current account strengthened foreign exchange availability and reduced pressure on the domestic currency. Figure 8: Exchange Rate Movements Source: Bank of Ghana Online Database Portal Ghana Association of Banks Ghana Association of Banks 2026 Industry Outlook 2026 Industry Outlook 09