Economy
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IEA agrees record 400 million barrel oil release as war drives crude volatility
The International Energy Agency has agreed to release a record 400 million barrels of oil from strategic stockpiles in an effort to calm global crude markets following the outbreak of war involving the United States, Israel and Iran. The decision represents the largest coordinated emergency stock release ever proposed...
Finance Minister Ato Forson set to present Mid-year Budget Review next week
Finance Minister Dr Cassiel Ato Forson is expected to present the 2026 Mid-Year Budget Review to Parliament next week, subject to parliamentary approval, JOYBUSINESS has learnt.
Ghana’s economy shows recovery signs, but risks persist – S&P maintains stable outlook
Ghana’s sovereign credit rating has been affirmed at ‘B-/B’ with a stable outlook by S&P Global Ratings, reflecting improving economic conditions alongside persistent fiscal and external risks. The ratings agency said stronger economic growth and rising export volumes, particularly from gold, have supported a significa...
Labadi Beach Hotel pays SSNIT GH¢17.8m dividend, bigger payout expected this year – Afreh Biney
Director-General of the Social Security and National Insurance Trust (SSNIT), Kwasi Afreh Biney, has disclosed that Labadi Beach Hotel paid the Trust GH¢17.8 million in dividends and is expected to deliver an even bigger payout this year.
2026 ACI World Congress: In Accra, a quiet reframe of how emerging markets see themselves
There is a particular tone that central bank governors from emerging economies have traditionally adopted at international gatherings. It is a tone of careful reassurance, of cataloguing reforms undertaken, of demonstrating that the rules set elsewhere are being faithfully observed at home. It is the language of a cou...
Building cost inflation rises slightly to 2.7% in May 2026
According to the Ghana Statistical Service (GSS), the increase signals a slight uptick in building costs, although inflation remains significantly lower than the 22% recorded in May 2025.
Ghana has moved from IMF ‘supplicant’ to partner – Ato Forson declares as economy surges past $100 Billion
Among the key interventions highlighted were the introduction of Public Financial Management commitment authorisation controls to curb excessive spending, an audit of government arrears to eliminate recycled payment claims and overpayments, and amendments to the PFM Act to institutionalise a 1.5 percent primary surplus...
Ghana’s economic reset compelling government, enterprises, others to build stronger institutions – Deloitte Infrastructure Partner
Speaking on the topic “Ghana’s Economic Rest: What this Means for Investors and SMES”, the Deloitte Ghana Strategy and Transactions Partner said this discussion matters now because over the past two years, Ghana has witnessed increasing oil prices as a result of instability in the Persian Gulf, inflationary pressures,...
Ghana’s unemployment pegged at 13.1%, inequality at 43.5%
“While pro-poor spending was constrained by financing shortfalls in 2024, the 2025/26 budget aimed at supporting inclusive growth with increased allocations for social development, including human capital education and health”, it added
Fitch upgrades Ghana’s credit rating amid global uncertainty, economic turbulence
On fiscal performance, Fitch said Ghana is expected to maintain primary fiscal surpluses of 1.5% of GDP in both 2026 and 2027, following a record 2.9% surplus in 2025.
Ghana’s economy expands by 7.7% in February 2026 – GSS
Economic activities in Ghana expanded significantly in February 2026, with the country recording a 7.7 percent growth rate, according to the latest Monthly Indicator of Economic Growth (MIEG) released by the Ghana Statistical Service (GSS). The report showed that the MIEG index rose to 111.3 in February 2026 from 103.3...
Dialogue is key in the establishment of IPEC – Labour Minister
The Minister for Labour, Jobs and Employment, Dr Rashid Pelpuo, has reiterated the importance of collaboration, fairness and social dialogue as Ghana transitions to the establishment of the Independent Public Emoluments Commission (IPEC). Speaking at the opening of a two-day Fair Wages and Salaries Commission (FWSC) st...