Economy
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IMF Board completes 6th and final review of ECF programme, describes PCI as anchor to reform agenda
In completing the review, the Executive Board approved a waiver of non-observance of the end-December 2025 performance criteria pertaining to the ceiling on Bank of Ghana (BoG) claims on the central government and public entities that was temporarily breached by a small margin due to cost-sharing arrangements under the...
Don’t turn digital finance into a tax trap – Prof Bokpin cautions government
Economist and Professor of Finance at the University of Ghana Business School, Godfred Bokpin, has cautioned government against treating Ghana’s digital finance ecosystem mainly as a tool for taxation. He says digital payments, fintech platforms and mobile money services should first be used to build an inclusive and p...
BoG’s consultative approach helping shape economic recovery – Governor
Dr Johnson Pandit Asiama, Governor of the Bank of Ghana (BoG), says a consultative and listening-based leadership approach has played a key role in shaping policies that have supported Ghana’s ongoing economic recovery. Dr Asiama speaking at the Ghana-UK Investment Summit in London, said one of the major changes introd...
Digital must be default – SSNIT pushes members online to end long queues
The Director-General of SSNIT, Kwasi Afreh Biney, says the pension scheme is aggressively pursuing digital service delivery to eliminate long queues, reduce paperwork, and improve efficiency.
T-bills: Government records 25% undersubscription; interest rates rise marginally
The 91-day bill was the most subscribed as GH¢2.23 billion of the bids were tendered, representing 59.8% of the total bids. However, the uptake was GH¢1.76 billion.
Cedi weakens modestly in interbank market but remans stable in retail market; one dollar equals GH¢12.20
In the retail market, the cedi remained unchanged to the dollar at an average of GH¢12.05, while it rose to GH¢15.95 from GH¢15.75, with the euro/Ghana cedi edging down slightly to GH¢13.65 from GH¢13.70.
Inflation to return to medium-term target of 8 ± 2% – BoG
According to the Central Bank’s May 2026 Monetary Policy Report, headline inflation picked up marginally in April 2026, marking the first increase since the disinflation process began in December 2024.
World Bank says Finance Ministry fiscal controls delayed GARID project
The World Bank has blamed fiscal controls introduced by the Ministry of Finance for significantly delaying implementation of the Greater Accra Resilient and Integrated Development (GARID) Project, one of the country’s flagship programmes aimed at tackling chronic flooding in the capital. In its latest implementation up...
Good governance requires consultation – GUTA faults utility tariff increase process
The Vice President of the Ghana Union of Traders Association (GUTA), Joseph Paddy, has criticised the process leading to the recent announcement of utility tariff increases.
MPC keeps policy rate at 14%, cites inflation risks due to Middle East tensions
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has unanimously decided to maintain the Monetary Policy Rate (MPR) at 14 percent, citing rising external risks to inflation despite continued strength in the domestic economy. Announcing the decision at the conclusion of the 131st MPC meeting, the Committee...
T-bills auction: Government records undersubscription for 6th consecutive week; yield on 182-day up by 6.0bps
The 91-day bill was once again the most subscribed bill as GH¢2.75 billion of the bids tendered. This represented 62.1% of the total bids. The uptake was, however, GH¢2.71 billion.
Fitch Solutions predicts inflation to rise to 9% by end-2026 despite recent gains
Fitch Solutions, the research arm of global credit ratings agency Fitch, has projected that Ghana’s inflation will rise in the coming months, reaching 9% by the end of 2026.