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BoG Governor pushes for changes to IMF support for member countries
Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, is calling for major reforms in how the International Monetary Fund (IMF) supports member countries, especially in Africa. He argues that the Fund must introduce “step-changes” to make its interventions more effective amid mounting global and regional economic pre...
Sustained higher oil prices to add to cross-sector credit pressure – Fitch Ratings
Fitch Ratings has disclosed in a report that sustained high energy prices, tighter financial conditions and lower global growth would affect multiple issuers if the Iran conflict continues unabated until end of 2Q26. In “Global Cross-Sector Analysis of Iran War Adverse Risk Scenario”, Fitch analysed global exposures ac...
DTI christens entrepreneurship hub after J.A Kufuor to spur industrial growth
Ghana’s industrialisation and enterprise agenda has gained fresh momentum with the decision to name a new entrepreneurship hub after former President John Agyekum Kufuor. The Design and Technology Institute (DTI) has revealed that its entrepreneurship centre at the Berekuso campus will be renamed the “J. A. Kufuor Cent...
Gov’t to overhaul free zones into manufacturing hubs for local production – Trade Minister
The Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, has announced plans to reposition Ghana’s special economic zones to support agro-processing and light manufacturing as part of a broader push to expand local industrial production.
BoG defends decision to hold policy rate at 14% amid global uncertainties
The Bank of Ghana (BoG) has defended its decision to maintain the Monetary Policy Rate (MPR) at 14 per cent, saying easing global oil prices, a favourable inflation outlook and strong external reserves have given policymakers confidence to keep borrowing costs unchanged while monitoring evolving economic risks.
Ghana’s cocoa production is expected to fall 16% next season
Ghana’s cocoa production is expected to fall by at least 16% in the 2026 to 2027 season, market regulator COCOBOD has said. It cites weather effects, the crop’s natural fruit-bearing cycle and disease, adding detail to warnings farmers have raised. The regulator, responding to questions from Reuters, said the decline...
Ghana International Bank CEO sacked, new CEO named
UK-based Ghana International Bank “GhIB”, has had its Chief Executive Officer, Dean Adansi, relieved of his duties. The GhIB Board, controlled by the Government of Ghana through the Bank of Ghana, told him only last Sunday that his services were no longer needed. An official announcement to staff followed the next day....
Government risks deeper deficit without new revenue sources – Prof Boadi warns
Ghana’s public finances are showing early signs of strain, with revenue growth falling behind government spending, economist Prof. Isaac Boadi has warned, cautioning that the trend could force difficult fiscal decisions in the months ahead. Speaking on The Forum on Asaase Radio on Saturday (30 May), Prof. Boadi said cu...
Gov’t to introduce VAT Reward Scheme for consumers who demand invoices – Ato Forson
Finance Minister Dr Cassiel Ato Forson has announced that the government will introduce a VAT Reward Scheme aimed at encouraging greater public participation in tax compliance and protecting the country's tax base.
Finance Minister pushes for law to stop state funds being frozen by court orders
Finance Minister Dr Cassiel Ato Forson is calling for legislation to define which government funds can be frozen through court orders, warning that emergency resources meant to respond to national crises could be rendered inaccessible. Speaking on Joy News’ PM Express hours after presenting the Mid-Year Budget to Parli...
Prime Accra to be launched on March 31 to serve housing needs in prime urban locations
Situated within close proximity to Airport Residential Area, Prime Accra is anchored in one of Accra’s most established and consistently high-demand residential zones.
IC Insights predicts 5.0% inflation for July 2026
Also, the recent heavy rains and floods keep its cautious ahead of the third-quarter 2026 crop harvest. "Against this backdrop, we forecast a 30bps [basis points] decline in the annual headline rate to 5.0% while the sequential rate picks up slightly to 0.4% month-on-month in July 2026.”