Economy
Stories in this category
When the Stranger Becomes the Problem: A South African Parable
Let me tell you a small story. A man’s roof began to leak. At first, it was just a drop. Then two. Then a steady rhythm—kpok… kpok… kpok—right in the middle of his living room.
Ghana’s economic gains “not cosmetic” – Finance Minister assures investors in Washington
The Finance Minister outlined a broad suite of fiscal and structural reforms undertaken to stabilise the economy and restore investor confidence. Central to these efforts has been aggressive waste cutting programme, including a significant reduction in the size of government, with ministers slashed from 123 to 60.
2026 mid-year budget: Economy was on its knees when Mahama took over – Ato Forson
Finance Minister Dr Cassiel Ato Forson has said President John Dramani Mahama inherited an economy in deep crisis when his administration assumed office in January 2025, blaming the situation on what he described as years of poor policy decisions, excessive borrowing and weak accountability. Presenting the 2026 Mid-Yea...
Spend like there’s no tomorrow and Ghana will crash again – Ato Forson
Finance Minister Dr Cassiel Ato Forson has defended the government’s restrained spending approach, warning that abandoning fiscal discipline would plunge Ghana back into economic turmoil and undermine the country’s hard-won recovery.
Ghana has moved from economic crisis to recovery – Ato Forson
Finance Minister Dr Cassiel Ato Forson has declared that Ghana's economy has successfully emerged from crisis and entered a path of recovery, stating that the government's commitment to restoring macroeconomic stability has been fulfilled through the resilience and sacrifices of the Ghanaian people.
Finance Minister lays 4 key 2025 fiscal and energy reports before Parliament
Finance Minister Dr. Cassiel Ato Forson has laid four major statutory reports before Parliament, providing updates on Ghana’s energy sector finances, petroleum revenues, public debt management, and public-private partnership projects for the 2025 financial year. The reports form part of government’s commitment to trans...
IMF optimistic about Ghana’s post-programme outlook, urges sustained fiscal discipline
The International Monetary Fund (IMF) says it remains optimistic about Ghana’s economic outlook as the country prepares to exit its current programme in August 2026, but cautions that sustaining fiscal discipline will be critical to preserving recent gains.
‘Don’t blame us’ – NPP locked Ghana into IMF spending rules, says Ato Forson
He insists the Mahama administration is merely fulfilling binding commitments made by the previous Akufo-Addo government under Ghana’s $3 billion International Monetary Fund (IMF) programme.
Gov’t claim of spending not entirely true – Prof Bokpin
Economist and Professor of Finance, Prof. Godfred Bokpin, has challenged the government’s claim that it has been undertaking significant spending, arguing that actual expenditure levels relative to the size of Ghana’s economy show a different picture.
NPL ratio remains high despite improved asset quality – Deloitte
“Although asset quality has improved, the NPL ratio of 18.7% remains a key risk to the banking sector. Possible resurgence in inflationary pressures due to the pass-through effect of higher crude oil prices and ongoing geopolitical tensions".
Corruption raises bank risk, weakens diversification benefits, research finds
Efforts by African banks to reduce risk through diversification are being undermined by corruption, a joint KNUST study has found. The study was published in the journal Research in International Business and Finance. Researchers analysed 714 banks across 51 African countries and found that corruption significantly inc...
BoG ends GoldBod prefinancing arrangement
The Governor explained that the Monetary Policy Committee will assess how the move has affected liquidity conditions, monetary policy transmission and broader macroeconomic outcomes as it deliberates on the appropriate policy stance.