Economy
Stories in this category
Presidency cuts political appointees by 124, but compensation bill jumps 148% and staff classifications raise questions
President Mahama had 124 fewer political appointees at the Jubilee House in 2025 than the last publicly available figures from the Akufo-Addo administration in 2023.
GSS targets mid-2027 rollout of rebased GDP and inflation data
The Ghana Statistical Service (GSS) says it is on course to introduce rebased Gross Domestic Product (GDP) and Consumer Price Index (CPI) figures by the middle of 2027.
Accra Brewery calls for postponement of new excise duty increases
Accra Brewery Limited (ABL) has appealed to government to postpone the implementation of the newly approved excise duty increases on locally manufactured beer, calling for further stakeholder consultations to assess the potential impact on businesses, consumers and the wider economy. The call was made by Thatokuhle Hlo...
DTI breaks ground on $28m Berekuso Campus to transform skills training in Ghana
The groundbreaking ceremony attracted senior government officials, traditional leaders, industry players, diplomats, and development partners, underscoring the national importance of the initiative. Speaking at the event, the Minister for Youth Development and Empowerment, George Opare Addo, highlighted what he describ...
Mahama approval rating drops 9.1 points from 68% to 58.9% but majority of Ghanaians still back him — IEA poll
Most Ghanaians continue to approve of President John Mahama's job performance, but public satisfaction has slipped, according to a nationwide poll released today, Wednesday, June 10, 2026, by the Institute of Economic Affairs (IEA). The poll, conducted in May 2026 across all sixteen regions of Ghana and covering over 1...
‘We’re doomed without it’ – Chamber of Commerce CEO blasts Budget’s silence on 24-Hour Economy
Mark Badu-Aboagye, CEO of the Ghana Chamber of Commerce and Industry, has criticised the 2026 Mid-Year Budget Review for failing to provide a clear roadmap for implementing the government’s flagship 24-Hour Economy policy.
Volivo Bridge, Kumasi Ring Road set to take off as JICA secures fresh funding
Ghana is set to advance two key infrastructure projects, the Volivo Bridge and the Kumasi Inner Ring Road, following renewed engagement with the Japan International Cooperation Agency (JICA) at the ongoing IMF/World Bank Spring Meetings.
Analysis: Why the Bank of Ghana sold half its gold reserves
Somewhere between November and December 2025, the Bank of Ghana decided to sell roughly half of its gold reserves. At the last reporting before the sale in October 2025, the bank’s gold holdings stood at 38.04 tonnes. The next reporting in December 2025 showed that holdings had dropped to 18.6 tonnes. That represents a...
Ghana’s tax gap: new levies loom in mid-year budget
Ghana’s macroeconomic story in 2025 was, by many measures, a success. Inflation collapsed from 23.8% to 3.8%, the cedi appreciated 40.7% against the dollar, and the economy grew 6.0%, its strongest performance in six years. Yet beneath these headline achievements, the Bank of Ghana’s May 2026 Summary of Economic and Fi...
Gov’t clears GH¢1.05bn SSNIT debt, no arrears carried into 2026 – Director General reveals
Government has fully settled the GH¢1.05 billion it owed the Social Security and National Insurance Trust (SSNIT) for 2024, with most of the payments made in cash, Director-General Kwasi Afreh Biney has revealed.
Mid-Year Budget Review: Economy makes remarkable progress, but overall success depends on maintaining fiscal discipline
It argued that the overall success will depend on maintaining fiscal discipline, deepening revenue administration reforms, addressing energy sector liabilities and building buffers against future shocks.
Mid-Year Budget Review: Deloitte commends government for encouraging domestic revenue performance
“Revenue growth appears to be increasingly driven by improved compliance, administrative efficiency and technology-enabled tax collection rather than higher tax rates. This is a positive development for businesses and investors”.