Browsing: Ghana economy

Adnan Adams Mohammed In spite of global trade tensions, some economists have reposed confidence in the…

Adnan Adams Mohammed All things being equal, President John Mahama’s ‘BIG PUSH’ initiative will soon receive a…

“We have reduced our total debt over the last five months by almost GHc150-billion, which is very significant” President John Dramani Mahama revealed at a session during the African Development Bank annual meeting in Abidjan last week, citing the cedi strength.

By Adnan Adams Mohammed  The current strengthening of Ghana’s economy evident by significant improvements in its key economic…

Data released by the Bank of Ghana last week, following the latest meetings of its Monetary Policy Committee, points to lowering inflation, fiscal discipline, the tight monetary policy stance and favourable external sector developments as key ingredients behind the country’s improving economic performance.

This follows a 60-day grace period given to traders by the Ghana Union of Traders Association (GUTA), after a high-level meeting with the Minister for Trade and Industry, Elizabeth Ofosu-Adjare, to reduce prices of goods and services in the country.

Food inflation slowed to 25.0% in April from 26.5% in March, while non-food inflation decelerated to 17.9% from 18.7%.

the World Bank remains cautiously optimistic about Ghana’s prospects, projecting a rebound to 4.6% growth in 2026 and 4.8% in 2027 rating Ghana among a few African economies showing early signs of recovery from 2025.

Ghana’s pivotal change of government from the erstwhile profligate Nana Akufo-Addo administration to the much more fiscally restrained incumbent President John Dramani Mahama administration, coupled with favourable developments in the country’s key international commodity export markets have changed the exchange rate trajectory sharply.

the Ministry of Finance has unveiled a series of ambitious structural reforms aimed at restoring fiscal discipline, increasing transparency, and reinforcing debt sustainability, as part of Ghana’s ongoing IMF-supported recovery programme.