Economy
Stories in this category
57% of hawkers, roadside vendors earn about GH¢100 or less a day – GSS
According to the 2024 Integrated Business and Establishment Survey (IBES I), one out of three of businesses that operate in fixed locations but not within a structure also earn about GH¢100 or less, highlighting a similar revenue pattern.
Total revenue falls marginally in 2025; total expenditure also declined by 13% – BoG
Tax revenue, comprising taxes on income & property, taxes on domestic goods and services, international trade taxes, and oil and gas related taxes, was GH¢183.987 billion (13.1% of GDP), lower than the target of GH¢189.964 billion (13.6% of GDP).
Ghana’s domestic debt increased by GH¢24bn to GH¢333.8bn in December 2025
Also, the external debt increased in foreign currency terms to reflect new loan disbursement.
Minor Hotels enters West Africa with NH Collection Accra signing
Minor Hotels, an international hotel owner, operator and investor with more than 640 properties in 59 countries, has announced the signing of NH Collection Accra, the first property under the NH Collection brand in Ghana - set to launch in 2030. The agreement was signed during THINC Middle East 2026, underscoring the g...
Inflation falls, but tomato prices surge nearly 39% in a month – Government Statistician
Ghana’s inflation outlook may be improving, but a sharp rise in food prices is emerging as a new concern, Government Statistician Dr Alhassan Iddrisu has warned.
UK and Ghana collaborate to build pioneering Neofingo Digital Trade Finance Corridor
ODI Global, in partnership with government's 24-Hour Economy Authority, the AfCFTA Secretariat, has announced the development of a network and protocol called Neofingo at a forum held simultaneously in London and Accra.
‘We don’t even remember the last time’ – La Palm returns to profit after years in the red
Director-General of the Social Security and National Insurance Trust (SSNIT), Kwasi Afreh Biney, says La Palm Royal Beach Hotel has returned to profitability for the first time in years.
Lack of prepared successors undermining Ghanaian family businesses – IFC Warns
The International Finance Corporation (IFC) has called on family-owned businesses to strengthen succession planning and governance structures to ensure their sustainability and long-term survival. Speaking at the Environmental, Social, and Governance (ESG) Roundtable for Development Partners in Accra, the IFC’s Acting...
Inherited economy could not have created jobs for Ghanaians – Akwatia MP
Member of Parliament for Akwatia, Bernard Bediako Baidoo, has defended the government’s performance on job creation, arguing that the National Democratic Congress (NDC) inherited an economy that was incapable of generating employment opportunities. Speaking on Asempa FM’s Ekosii Sen show, Mr Baidoo said it was unfair t...
Prolonged Middle East conflict poses significant risk to economy – BoG
“The Strait of Hormuz handles about 30% of shipping, including crude oil. A closure will cause oil prices to surge above the notional US$100/barrel mark with adverse implications for Ghana’s energy import bill, foreign exchange reserves, exchange rate stability, and inflation. Higher inflation can compress real incomes...
US$4bn rice imports by West African countries untenable – Dep. Finance Minister
Deputy Minister for Finance, Thomas Nyarko Ampem has advised stakeholders participating in the 2026 West Africa Rice Investment Roundtable in Accra to close the gap between rice production and consumption to reduce huge imports of the grain. He revealed that West African countries spend about US$3 to 4 billion annually...
Forests are now investment assets, not just conservation assets – Elikem Kotoko
Deputy Chief Executive Officer of the Forestry Commission, Elikem Kotoko, says Ghana's forests must no longer be viewed solely as conservation assets but as strategic investment assets capable of attracting capital, generating jobs and driving sustainable economic growth. Speaking at the Ghana-UK Business Summit in Lon...