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Economy cannot be performing well if government borrows to pay salaries – Gideon Boako
The Deputy Ranking Member on Parliament’s Finance Committee and Member of Parliament for Tano North, Dr Gideon Boako, has questioned claims that Ghana’s economy is performing strongly, arguing that an economy cannot be described as healthy if government continues to borrow to finance recurrent expenditure. According to...
Ecobank, Mantrac Ghana sign strategic deal to scale up business financing
Ecobank Ghana and Anglophone West Africa have signed a strategic partnership agreement with Mantrac Ghana to provide flexible equipment financing solutions for businesses across the country. The partnership, announced at a signing ceremony in Accra, is aimed at enabling businesses in key sectors to access world-class C...
Africa’s mineral boom must not become another resource curse – MiDA CEO
He described critical minerals as “the new oil, the fuel of the green transition and the foundation of tomorrow’s economy,” but stressed that the key question Africa must confront is not only what the world wants from the continent, but what Africa wants for itself.
Banks’ record GH¢2.5bn profit as of February 2026
According to the March 2026 Monetary Policy Report (MPR), with the exception of other income, all income lines grew in February 2026, but at a slower pace compared to the same period last year.
GN Savings and Loans license restoration: What it means for the institution and Ghana’s financial sector
The recent Court of Appeal decision ordering the restoration of GN Savings and Loans’ licence has reignited debate about Ghana’s banking sector cleanup. Predictably, many have once again pointed fingers at former Finance Minister Ken Ofori-Atta, accusing him of orchestrating the collapse of GN Bank and other financial...
Fitch lowers 2026 growth forecast to 2.4%
“We have lowered 2026 growth forecasts since the March Global Economic Outlook (GEO) in the US and eurozone by 0.3 percentage points and 0.4 percentage points, respectively to 1.9% to 0.9%”, the UK-based firm said
2026 Mid-Year Budget Review: Mahama government is “talk more, do little” administration – Amin Adam
Former Finance Minister and Karaga MP Dr Mohammed Amin Adam has described the government of President John Dramani Mahama as a “talk more, do little” administration following the presentation of the 2026 Mid-Year Budget Review by Finance Minister Dr Cassiel Ato Forson. Dr Amin Adam, who is the Ranking Member on Parliam...
UN Global Compact urges Ghanaian firms to accelerate sustainability drive as Exim Bank joins initiative
The Executive Director of the UN Global Compact Network Ghana, Tolu Kweku Lacroix, has described the entry of Ghana Exim Bank into the global sustainability initiative as a significant development that strengthens efforts to align Ghana’s financial sector with international environmental and governance standards.
T-bills: Gov’t exceeds target by 30%; interest rates decline again
The government exceeded its treasury bills target once again, the week in which the Minister of Finance presented the Mid-Year Budget Review on Thursday, 23rd July 2026. According to the auction results by the Bank of Ghana, the government achieved a 30.3% oversubscription of the T-bills auction. The government receive...
T-bills: Government exceeds target by 30%; interest rates decline again
The 364-day bill was once again the most subscribed bill as GH¢8.1 billion of the bids were tendered, representing 65.5% of the total bids. The uptake was, however, GH¢7.8 billion.
Daniel Afari-Djan writes: Why Ghana’s plunging interest rates are catalyst for industrial growth
After enduring one of the most severe economic crises in a generation, Ghanaian businesses are finally experiencing a resurgence. The most significant sign of this turnaround are interest rates. The Bank of Ghana has trimmed its benchmark Monetary Policy Rate (MPR), which stood at a punishing 30% at the close of 2023,...
Wait, don’t increase tariffs yet – AGI urges PURC to watch falling oil prices
The Association of Ghana Industries (AGI) has urged the Public Utilities Regulatory Commission (PURC) to suspend its latest electricity tariff increase, arguing that falling global oil prices could soon ease pressure on electricity generation costs. Chairman of AGI’s Economic Affairs Committee, Eric Defoe, said the tim...