Economy
Stories in this category
Consult Akufo-Addo on cocoa crisis, Annoh-Dompreh advises Mahama
The Minority Chief Whip and MP for Nsawam-Adoagyiri, Frank Annoh-Dompreh, has criticised President John Dramani Mahama for what he describes as his government’s poor handling of the cocoa business in Ghana and has urged him to seek guidance from the former president Nana Addo Dankwa Akufo-Addo. Speaking during a Minori...
APL questions policy logic behind BoG financial decisions
Policy think-tank Africa Policy Lens has raised fresh concerns over the financial position and policy direction of the Bank of Ghana, after the central bank reported a wider loss for the 2025 financial year despite a sharp rise in operating income. The bank posted a loss of GHC15.63 billion in 2025, up from GHC9.49 bil...
Shippers’ Authority promises crackdown on transit trade bottlenecks
The Ghana Shippers’ Authority has signalled a tougher stance against long-standing transit trade bottlenecks, pledging decisive action to cut costs and improve efficiency along Ghana’s key trade corridors.
Fitch affirms Ghana’s LT Instruments at ‘B-‘; assigns recovery rating of ‘RR4’
Fitch assumed an average recovery prospect in a default scenario, given the lack of clearly identifiable recovery drivers for this sovereign. The instruments have a Recovery Rating of 'RR4'.
Chiefs back IDU UK Summit as central house of chiefs eyes jobs, investment boost
The President of the Central Regional House of Chiefs, His Royal Majesty King Odeefour Amoakwa Buadu VIII, has welcomed a delegation from the International Diaspora Union (IDU) and pledged the support of traditional authorities for the upcoming IDU GAMBIC UK 2026 Summit, describing it as a major opportunity to attract...
GoldBod spends $16.11bn on gold purchases to strengthen Ghana’s economy
The Ghana Gold Board (Goldbod) has spent 16.11 billion dollars between January 2025 and May 2026 to purchase gold from licensed artisanal miners and large-scale mining firms, Deputy Minister of Finance Thomas Nyarko Ampem, has announced in Parliament on Wednesday.
Our concern is about how Ghana preserves its economic stability – IMF
“I think hopefully, the lessons of the recent past, hopefully, will be salutary, and going forward, there will continue to be a decent path. But we are very optimistic about Ghana.”
Borrow wisely to finance specific productive investments, infrastructure projects only – Deloitte Boss to gov’t
The Country Managing Partner of Deloitte Ghana, Daniel Kwadwo Owusu, has urged the government to borrow judiciously to finance specific productive investments and infrastructure projects only. His advice comes on the back of the painful Debt Exchange Programme embarked upon by the country in 2023 to restructure its deb...
Engineers call for finance sector support to bridge infrastructure gap ahead of FIDIC conference
The President of the Ghana Consulting Engineers Association, Ing. Kwabena Bempong, is calling for stronger collaboration between consulting engineers and financial institutions to help address Ghana’s growing infrastructure deficit. Speaking to Joy Business ahead of the upcoming FIDIC Africa Infrastructure Conference 2...
Macro stability delivering early gains, broader impact underway – Finance Ministry Advisor
Ghana’s improving macroeconomic stability is beginning to yield tangible benefits for businesses and households, although the full micro-economic impact will take more time to materialise, a Technical Advisor at the Ministry of Finance has said.
Gold will reset Ghana – Sammy Gyamfi outlines plan to end leakages and boost FX
Sammy Gyamfi says Ghana’s gold sector will become the backbone of a national economic reset, driven by tighter control, reduced leakages, and stronger foreign exchange inflows.
Central banks, like governments, pay the price to stabilise the economy
In periods of economic difficulty, the role of a central bank becomes both more visible and more misunderstood. Much of the recent discussion around the Bank of Ghana has focused on the costs associated with its policy actions. Yet this framing risks missing a fundamental point: central banks are not profit-making inst...