Economy
Stories in this category
Ghana launches landmark Women and Youth Employment programme to create over 30,000 jobs
The programme is funded by the African Development Bank (AfDB), with the Ministry of Finance serving as the executing agency and the Social Investment Fund (SIF) acting as the implementing agency.
GIPC CEO calls for stronger investor confidence in West Africa’s oil and gas sector
The Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Simon Madjie, has called for stronger investor confidence in West Africa’s oil and gas sector. He urged reforms that ensure predictable fiscal regimes, enhanced local capacity development, and financing structures aligned with project realiti...
Buy wrong gold, face prosecution – Gold Board CEO cracks down on rogue dealers
Chief Executive Officer of the Gold Board, Sammy Gyamfi, has warned that individuals and firms buying gold outside approved channels risk prosecution as authorities tighten oversight of the sector.
GH₵94bn Negative Equity: Is it time for the Bank of Ghana to think like investors or step too far?
The Bank of Ghana (BoG) faces a pressing challenge. As of 2025, its negative equity position has reportedly worsened to approximately GHS 94 billion (US$ 7,965,585,380.00), driven largely by the Domestic Debt Exchange Programme (DDEP), monetary policy operations, and exchange rate-related losses. While central banks ca...
Government announces completion of IMF bailout programme
“Following the derailment of the IMF financial bailout programme at the end of 2024, the government of President John Mahama in 2025 acted decisively to bring it back on track and to recalibrate it by implementing a frontloaded fiscal consolidation, bold expenditure rationalisation, and strong structural reforms”, a st...
Prioritise GDP and CPI rebasing through 2027 – Finance Minister to GSS
Finance Minister Dr. Cassiel Ato Forson has tasked the Ghana Statistical Service (GSS) to prioritise the rebasing of Ghana’s Gross Domestic Product (GDP) and Consumer Price Index (CPI), describing the two statistical exercises as critical to strengthening the country’s economic data. Speaking at a ceremony to officiall...
African governments must back African multinationals – Dr Ishmael Yamson
The Board Chairman of MTN Ghana, Dr Ishmael Yamson, has urged African governments to provide stronger support for home-grown multinational companies, arguing that empowering African businesses is critical to accelerating regional integration and strengthening the continent’s global competitiveness. Speaking on The Y’el...
We need collective action to advance sustainability in Ghana and Africa – Deloitte Tax Partner
A Tax and Regulatory Partner at Deloitte, Gloria Boye-Doku, has highlighted the importance of collective action in advancing sustainability across Ghana and Africa. Speaking at the launch of the Sustainability Working Group Africa Ghana Report (MTN Ghana) organised by ACCA Ghana, Mrs. Boye-Doku said this is necessary t...
Ghana to start selling $1 billion of cocoa bonds from July
Ghana, the world’s second-largest cocoa producer, will from July start raising $1 billion of bonds for cocoa bean purchases in the 2026-27 harvest season, according to people familiar with the matter.
Ghana-Russia trade hits $800m as Moscow seeks deeper economic partnership
Bilateral trade between Ghana and Russia grew from $247 million in 2022 to more than $800 million in 2024.
Middle East conflict sends global growth to lowest rate since COVID-19 – World Bank
The conflict in the Middle East is expected to slow global growth to the lowest rate since the onset of the COVID-19 pandemic amid higher energy prices, steeper inflation, and increased borrowing costs, according to the World Bank Group’s latest Global Economic Prospects report. Global growth is forecast to slow to 2.5...
Moody’s maintains Ghana’s rating at Caa1, revises outlook to positive
It said domestic financing costs have declined amid monetary policy easing and an improved fiscal position.