Economy
Stories in this category
Global Energy Price Surge: The impact on Ghana’s economy
The March 2026 flare-up in the Middle East has pushed crude oil above $100 per barrel for the first time since 2022. For Ghana, the surge is both a windfall and a weight. As an oil producer that still imports roughly 70% of its refined fuel, the country sits at the sharp edge of the […]
Employers urged to use AI to improve safety workplace
Ghanaian employers have been urged to make use of modern technology and artificial intelligence to improve upon safety conditions at the workplace. This is to ensure that safety conditions are enhanced to reduce workplace environment accident which could lead to losses. Speaking to Journalists after addressing this yea...
Mahama urges stronger UK–Africa partnership beyond aid dependency
President John Dramani Mahama has called for a redefinition of UK–Africa relations, urging a shift from aid-based cooperation to investment-driven partnerships. Speaking at the 12th Africa Debate, he said both Africa and the United Kingdom stand to benefit from deeper economic collaboration.
Rent, food, and school fees drive inflation for May 2026
Ghana’s inflation dynamics in May 2026 were largely shaped by food prices, locally produced goods, and uneven regional price developments, according to the Government Statistician Dr. Alhassan Iddrisu. Addressing journalists on June 3, 2026, he explained that locally produced items accounted for about 92% of total infl...
Inflation for May 2026 increases to 3.7%, second consecutive time this year
Ghana’s inflation rate increased to 3.7% in May 2026, marking a second consecutive monthly rise, although overall price pressures remain significantly lower than a year ago. Speaking at the release of the May Consumer Price Index (CPI), Government Statistician Dr. Alhassan Iddrisu said the country’s year-on-year inflat...
Become advocates for change within your workplaces, communities – Deloitte Tax Partner to women professionals
The theme for the occasion was, “Making equity a reality in a changed world.” Mrs. Boye-Doku said the theme could not be more relevant, explaining that “As the world continues to evolve, shaped by innovation, shifting career paths, and new economic realities we are reminded that progress must be intentional and inclusi...
Women’s Development Bank to offer low-interest credit for female entrepreneurs – Trade Minister
Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare says the proposed Women’s Development Bank will provide low-interest financing, flexible collateral requirements and tailored business support for women-led enterprises as government moves to close the financing gap facing female entrepreneurs. Speak...
Ghana’s Chris Koney participates in high-level dialogue at Africa Forward Summit 2026
Commenting on his participation in the summit, Mr. Koney expressed his appreciation to the French Government, Africa Forward Summit Secretariat and French Embassy in Ghana for inviting him to be part of the first of its kind Africa Forward Summit to reflect on the robust and balanced Africa - France partnerships built...
Ghana’s economy grows 7.7% in February, driven by services and industry
Ghana’s economy expanded by 7.7% year-on-year in February 2026, driven largely by strong performance in the services and industrial sectors, according to new data from the Ghana Statistical Service. The latest Monthly Indicator of Economic Growth (MIEG) shows continued momentum in economic activity, with services emerg...
Overall government debt in sub-Saharan Africa stabilises but at high level – IMF
The report continued that countries that approach domestic debt market development as part of a broader economic strategy are best positioned to harness its benefits and manage its risks. When domestic borrowing is a deliberate, well-planned component of a country’s financial tool kit, it can support resilience and sus...
Only 32% of Ghanaian salaried workers are able to save due to poor pay – New study
A new study has revealed that only 32.2 percent of salaried workers in Ghana are able to make savings, highlighting the financial strain faced by the majority of employees.
“Minimum wage no longer realistic” amid rising living costs – researcher
Ghana should begin transitioning from a minimum wage framework to a “living wage” model as rising costs continue to outstrip incomes, according to a new cost of living report. Smart Sarpong, Director of Research and Innovation at Kumasi Technical University, said current wage structures no longer reflect economic reali...