Economy
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Ghana’s economy grows 5.1% in May 2026 as growth pace slows
Ghana’s economy grew by 5.1% in May 2026, although the pace of expansion slowed compared with the same period in 2025. The latest Monthly Indicator of Economic Growth (MIEG) from the Ghana Statistical Service (GSS) shows that the May 2026 growth rate was 1.5 percentage points lower than the 6.6% recorded in May 2025. T...
The real reasons Bank of Ghana losses increased in 2025 – Dr Gideon Boako
As the nation grapples with the staggering GH¢15.6 billion operational loss recorded by the Bank of Ghana, some analysts are pointing to factors they believe contributed to the outcome. The Member of Parliament for Tano North, Dr Gideon Boako, has criticised the Central Bank, accusing it of allowing political considera...
Regulatory burden threatens SME growth, job creation – ILAPI study
The research, titled “Removing Business Regulatory Barriers for Economic Prosperity in Ghana,” examined the regulatory challenges facing businesses and their impact on economic growth.
Bank of Ghana’s total loss for 2025 is GH¢44.5 billion not GH¢15.6 billion – Gideon Boako
The Bank of Ghana’s 2025 operational loss has been described as a ''new low'' in its recent history. In its 2025 Financial Statement published on May 1, 2026, the Bank of Ghana registered a huge operational loss of GHS 15.6 billion, which is the second highest loss by the Bank since the Cedi was redenominated in 2008.
IMF cautions Ghana over energy sector despite progress made in reducing energy debt
According to the Fund, the energy sector shortfall remains sizeable estimated at US$1.1 billion in 2026, reflecting high collection and distribution losses and costly generation contracts with capacity charges and “take-or-pay” clauses.
GoldBod losses: Why act like Ghana has never lost money on Gold? – Manteaw
Policy analyst and Co-Chair of the Ghana Extractive Industries Transparency Initiative (GHEITI), Dr Emmanuel Steve Asare Manteaw, has challenged criticism of losses recorded under the Ghana Gold Board’s (GoldBod) domestic gold purchase programme.
Ghana’s economy expands by 6.0% in 2025, with strong 5.8% growth in final quarter
Ghana’s economy recorded a solid 6.0% overall GDP growth in 2025, with momentum building toward the end of the year as the fourth quarter posted 5.8% growth, up from 4.0% in the fourth quarter of 2024. According to the Ghana Statistical Service (GSS), the latest provisional GDP estimates show that in nominal terms, the...
World Bank urges skills revolution to unlock jobs for Africa’s youth
The Managing Director and Chief Knowledge Officer of the World Bank Group, Paschal Donohoe, has called for a fundamental shift in how education systems prepare young Africans for the labour market, warning that a growing mismatch between skills and employment opportunities threatens the continent’s demographic promise....
Ghana’s wage bill consumes 44% of tax revenue, forcing government to borrow to pay salaries – Finance minister reveals
Presenting at a high-level meeting between President John Mahama and organised labour, the minister outlined the growing pressure of the public sector wage bill on government finances.
Ghana’s export earnings hit $6.2bn in first two months of 2026
Ghana’s total export earnings for the first two months of 2026 have risen to $6.2 billion.
Middle East tensions: policy rate cut to 14% not a risk – Dr. Asiama
The Governor of the Bank of Ghana, Dr Johnson Asiama has played-down concerns that the central bank’s recent decision to reduce its policy rate by 150 basis points to 14 percent could undermine the country’s economic stability even as geopolitical tensions in the Middle East continue to reverberate through global marke...
MPC cuts policy rate to 14% to further keep inflationary pressures in check
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has cut the policy rate by 150 basis points to 14 percent, the second consecutive time this year. In January, the committee reduced the policy rate from 18 percent to 15.5 percent. Speaking at a press conference on March 18, 2026, the Governor of […]