Economy
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GSE indices maintain positive momentum in May 2026, but 12 stocks record losses
The price losers for the month were Ecobank Transnational Inc. (-36.24), CalBank PLC (-18.89%), Ghana Commercial Bank PLC (-15.16%), SIC Insurance Company PLC (-11.50%), Access Bank Ghana PLC (-9.80%), Enterprise Group PLC (-8.88%), Republic Bank (Ghana) PLC (-6.64%), Scancom PLC (-4.41%) TotalEnergies Marketing Ghana...
Fitch Solutions revises Ghana’s GDP growth to 5.5% due to Middle-East conflict
“While the country’s external and fiscal positions will remain largely insulated from the oil price shock – partly due to record-high gold prices – it will push inflation higher. Indeed, major oil marketing companies in Ghana raised petrol and diesel pump prices by around 8–11% in early March, which will add upside pre...
Mahama promises pension reforms as economy recovers, pledges better welfare for retirees
President John Mahama has pledged to improve pensions for retired workers as Ghana's economy improves, assuring senior citizens that they will share in the benefits of the country's economic growth.
We were right – Abu Jinapor says global conflict warnings on Ghana’s economy now vindicated
The Member of Parliament for Damongo and Ranking Member on Parliament’s Foreign Affairs Committee, Samuel Abu Jinapor, says global conflicts continue to have direct consequences on Ghana’s economy, particularly through fuel pricing and macroeconomic stability. In an exclusive interview with JoyNews, he said conflicts s...
Chamber of Mines rejects ‘colonial relic’ claim, defends Ghana’s mining fiscal regime
The Ghana Chamber of Mines has pushed back against claims by the Institute of Economic Affairs (IEA) that the country’s mining fiscal framework is outdated and overly reliant on royalties, describing the characterisation as inaccurate and misleading. In a statement issued on April 20, the Chamber argued that Ghana oper...
IMF recommends strengthening of BoG’s macroprudential framework
It also advised the Financial Stability Department to maintain formal responsibility for systemic risk assessment and macroprudential policy formulation, supported by adequate staffing and specialised expertise.
New Haven Garments eyes sub-Saharan expansion with Cinnamon brand
New Haven Garments is betting on its newly launched apparel brand, Cinnamon, to drive growth beyond Ghana and establish a foothold across Sub-Saharan Africa
Sentuo Oil Refinery is catalyst for industrial development – Trade Minister
The Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, has described the Sentuo Oil Refinery as a strategic national asset that will strengthen Ghana’s industrial base, boost domestic refining capacity, and reduce the country’s dependence on imported petroleum products. Speaking at the refinery’s fi...
Without discipline, Ghana risks a return to IMF – CPS Director warns
The Executive Director of the Centre for Policy Scrutiny (CPS), Dr Adu Owusu Sarkodie, has warned that Ghana could return to the International Monetary Fund (IMF) within a few years if the country fails to maintain fiscal discipline and implement structural economic reforms.
Next JoyBusiness Roundtable Discussion comes off tomorrow — reviews Government’s economic narratives against reality
The next edition of the JoyBusiness Roundtable Discussion will take place tomorrow at 9:00 a.m. in the JoyNews studio.
Ghana will receive final IMF cash of US$318 million immediately after July board approval – Mission Chief
IMF Mission Chief for Ghana, Ruben Atoyan, has revealed that Ghana will have access to the final tranche of US$318 million immediately after July 27, 2026.
2025 BoG Financials will reflect cost of stabilisation achieved – Dr. Asiama tells Council of State members
The Governor also explained to the members that “The exchange rate gap between the gold market rate at which gold is bought and the interbank rate at which it is recorded on BoG’s books, played a role in creating accounting costs”.