Economy
Stories in this category
Iran war could trigger food security issues, job losses and high fuel prices in Ghana – World Bank, IMF and IEA
The World Bank, International Monetary Fund (IMF) and International Energy Agency (IEA) are warning that the ongoing war in the Middle East could trigger food security challenges.
Maritime development key to Africa’s economic transformation – GEXIM
Mr Mensah made the remarks in a speech delivered on behalf of the Chief Executive Officer of GEXIM, Sylvester Adinam Mensah, at the opening of the Maritime Trade Fair in Accra on the theme: "Shaping Africa's Maritime Future: Maritime, Technology and Finance."
The fiscal arithmetic of fuel tax relief: A back-to-basics primer
Recent proposals to suspend fuel taxes in Ghana have ignited a necessary public debate. On one side stand consumers and transport operators squeezed by global crude price shocks. On the other stands the fiscal reality of a nation that has just fought its way back from the brink of macroeconomic collapse.
Cedi posts best quarter 1 in half-decade
The cedi is poised for additional declines through year-end even after posting its strongest first-quarter performance since at least 2021, as seasonal import demand and energy payments weigh on a currency that has nonetheless staged one of Africa’s more remarkable recoveries from a debt-crisis low. The cedi fell 4.4 p...
Cedi remains under pressure despite BoG’s intervention; one dollar going for GH¢12.40 at forex bureaus
In the interbank market, the cost of obtaining a dollar edged up to GH¢11.85 from GH¢11.63, while the prices for a pound and a euro increased to GH¢15.85 and GH¢13.66 from GH¢15.62 and GH¢13.49, respectively.
Ghana to grow at 5.0% GDP in 2026, but faces huge investment financing gap – AfDB
The report added that Ghana faces an estimated investment financing gap of about 9% of GDP.
T-bills: Government exceeds target by 73%, but yield on one-year bill hits 12.98%
The 364-day bill was once again the most subscribed bill, with a little over GH¢6.0 billion of the bids tendered, representing 55.8% of the total bids. The uptake was, however, GH¢5.8 billion.
IMF 6th Review ends in Accra amid signs of progress and lingering concerns
The visiting team from the International Monetary Fund (IMF) has concluded its sixth review mission in Ghana after weeks of engagements with government officials and key stakeholders in Accra.
Finance Ministry signals tough measures for underperforming state enterprises
Mr. Ampem regretted the cost of inefficiencies within the sector, citing government spending of about $1.47 billion to address energy sector shortfalls, as well as continued losses by the Electricity Company of Ghana (ECG), which he said loses approximately 40 percent of power through technical and commercial inefficie...
Ghana’s economy stabilising, open for big business again – Mahama to business leaders
President John Dramani Mahama has declared that Ghana’s economy is steadily rebounding, pointing to sharp improvements in key macroeconomic indicators as evidence of recovery and renewed stability.
GIPC CEO deepens US energy push, urges stronger global partnerships for oil and gas growth
The Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Simon Madjie, has reiterated the need for stronger strategic partnerships with global service providers to advance Ghana’s energy ambitions and enhance the competitiveness of its oil and gas sector. According to him, such collaborations remai...
Justice is the engine of growth – Chief Justice
The Chief Justice, Justice Paul Baffoe-Bonnie, has called for the transformation of Ghana’s legal landscape, asserting that the Judiciary must move from the background of national life to become a central pillar of the country's economic strategy.