Ghana’s public debt stock increased to GH¢674.1 billion as of February 2026. This is equivalent to 42.2% of Gross Domestic Product (GDP). In dollar term, the public debt stock stood at US$63.1 billion in February 2026. According to the Bank of Ghana’s May 2026 Summary of Economic and Financial Data, the country’s debt stood at […]
Government has asked large-scale gold miners to sell 30% of annual output to the central bank as part of a revamped reserve-building drive, up from 20%, a senior official told Reuters, though miners say key commercial terms remain unresolved. Central banks globally are increasingly stockpiling bullion as soaring prices boost its appeal as a reserve asset. Ghana, Africa’s top […]
The Bank of Ghana (BoG) has assured businesses and commercial banks that it has enough dollar reserves to meet market demand despite renewed pressure on the cedi in recent weeks. The Central Bank said its Foreign Exchange Intermediation Programme would continue to be guided by “data and market developments” and not sentiment. The assurance follows […]
The visiting team from the International Monetary Fund (IMF) has concluded its sixth review mission in Ghana after weeks of engagements with government officials and key stakeholders in Accra. Sources close to the discussions say Ghana made significant progress on several key programme targets and reforms under the IMF-supported Extended Credit Facility (ECF) programme. However, […]
The Ghana Shippers’ Authority has delayed the implementation of the revised Container Administrative Charge to July 1, 2026, following concerns raised by stakeholders within the shipping and logistics industry over increasing port costs. The revised levy had initially been scheduled to take effect on May 1, but authorities say the postponement will create room for […]
Prices of petroleum products are expected to rise from May 16, 2026, even if the government extends its current programme aimed at cushioning consumers against rising crude oil prices. This is according to the Chief Executive Officer of the Chamber of Oil Marketing Companies, Dr Riverson Oppong. Speaking to JOYBUSINESS in an interview, he outlined […]
Chinese battery materials giant Zhejiang Huayou Cobalt has agreed to take over the remaining development funding obligations for Ghana’s Ewoyaa Lithium Project while simultaneously pursuing a proposed $210 million takeover of Atlantic Lithium. The move represents a major shift in the financing structure of the Ewoyaa project and significantly improves funding certainty as Atlantic Lithium […]
Following an upgrade in Ghana’s credit rating by Fitch to B- and a stable outlook, the government recorded an oversubscription of its treasury bills for the first time in two months. According to the auction results by the Bank of Ghana, the Treasury recorded an 80% oversubscription of the short-term instruments. Investors responded swiftly to the […]
Central banks are the financial engines of nations, acting as the ultimate guardians of economic stability. Unlike regular commercial banks that serve individuals and companies, these institutions serve governments and the banking system itself. In the last five years, their role has been crucial in stabilizing economies. They have taken measures to stimulate the global […]
The Economic Community of West African States (ECOWAS) has raised strong objections to new aviation-related taxes introduced by Ghana. It has warned that the measures contradict agreed regional reforms and could undermine West Africa’s air transport sector. In a sharply worded letter signed by ECOWAS Commission President Omar Alieu Touray, the regional body says Ghana’s […]
The United Arab Emirates (UAE) is quitting the Opec and Opec+ groups of major oil producing nations next month after nearly 60 years of membership. The UAE said its decision would help it meet growing global energy demand in the long term after recent investments to boost its production capacity. It is seen as a […]
Ghana’s banking sector is regaining momentum, with total industry assets climbing to GH¢465.4 billion as of February 2026, according to the Bank of Ghana (BoG)’s March Monetary Policy Report. The figures point to a sector on firmer ground, reflecting stronger balance sheets and improved positioning within the domestic market. Total assets grew by 21 per […]
