Economy
Stories in this category
24-Hour Economy Authority and Petrochemical Holdings GmbH partner to establish 2 projects in Ghana
The 24-Hour Economy and Accelerated Export Development Authority (24H+) has signed a Memorandum of Understanding (MoU) with Petrochemical Holding GmbH (PCH) to develop a $700 million integrated chemical manufacturing complex and a gold tailings recovery platform in Ghana.
Sub-Saharan Africa GDP growth to soften to 4.3% in 2026
Also, fiscal deficits are projected to worsen in most countries. Median fiscal deficits would reach 3.2% of GDP in 2026, higher by 0.2% of GDP compared to 2025.
Floods are killing Ghana’s economy one traffic jam at a time – Prof Peter Quartey
Ghana’s worsening flood crisis is silently draining the economy through lost productivity, traffic congestion, business disruptions and human suffering, economist Prof Peter Quartey has warned.
Mid-Year Budget Review: Government’s narrative more persuasive on stabilisation than transformation – PwC
It argued that Ghana has clearly moved away from crisis conditions, but stronger macro stability is not the same as a fully repaired growth model.
Ghana losing $2.5bn yearly from raw exports – Trade Minister reveals
Ghana is forfeiting an estimated $2.5 billion annually by exporting agricultural commodities in their raw state, the Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, has disclosed, warning that the country must urgently shift towards value addition to unlock growth.
GoldBod Rejects GH¢1 Billion Overdraft Allegation
GoldBod says it has never taken a loan, overdraft or debt instrument from the Bank of Ghana or any financial institution.
Mid-Year Budget: Gov’t will present true state of economy, not hype – Gbande
Deputy Director of Operations at the Presidency, Mustapha Gbande, says the 2026 Mid-Year Budget Review will present an honest account of the country's economic situation, insisting the Mahama administration will not sugarcoat the challenges confronting the economy.
Digital payments can formalise Ghana’s informal economy, but fraud threatens uptake – Economist
Ghana’s digital finance drive is helping to bring informal-sector workers and unbanked citizens into the formal economy, but Economist and Professor of Finance at the University of Ghana Business School, Godfred Bokpin, warns that fraud could slow that progress.
‘Suspend it now’ – FABAG appeals directly to Mahama to halt new import verification programme
The Food and Beverages Association of Ghana (FABAG) has made a direct appeal to President John Dramani Mahama to suspend implementation of the Ghana Easy Pass Programme.
Government spending in quarter one 2026 dropped by 21%; capital expenditure still below target
The Capital Expenditure for the period under review was GH¢7.345 billion (0.5% of Gross Domestic Product). This was lower than the programmed target of GH¢12.645 billion (0.8% of GDP) by 41.9%.
No degree is useless in an economy that works – Kwaku Asare replies Adutwum
The debate over whether certain university degrees are "useless" has taken a new turn, with governance expert Prof. Kwaku Asare arguing that the problem is not the programmes themselves, but the political and economic structures that fail to absorb graduates into meaningful employment.
SSNIT eyes expansion of Labadi Beach Hotel as profits surge
The Social Security and National Insurance Trust (SSNIT) plans to expand the Labadi Beach Hotel, citing the facility’s strong financial performance and its position as one of the Trust’s most successful investments.