7 h. ago World Bank Tells Ghana to Invest Oil and Mining Windfalls in People

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/world-bank-tells-ghana-to-invest-oil-and-mining-windfalls-in-people/Ghana must harness its new Pecan oil field revenues and mining windfalls to build human capital or risk squandering another resource boom, the World Bank warns. In its latest economic update, the Bank urges strategic investments in education, healthcare, and vocational training—transforming short-term gains into lasting prosperity for Ghana’s growing youth population. The upcoming Pecan […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/world-bank-tells-ghana-to-invest-oil-and-mining-windfalls-in-people/

Politics

7 h. ago Ghana Think Tank Urges Emergency Overhaul for Bleeding State Firms

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-think-tank-urges-emergency-overhaul-for-bleeding-state-firms/Ghana’s struggling State-Owned Enterprises (SOEs) require immediate, disciplined intervention to avoid systemic collapse, policy think tank IMANI Africa warns. Despite controlling vital national resources, entities like Ghana Water Company Limited (GWCL) and Cocoa Processing Company (CPC) hemorrhage cash annually, sapping state coffers and threatening fiscal stability. The World Bank’s latest economic update singled out SOEs […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-think-tank-urges-emergency-overhaul-for-bleeding-state-firms/

Events

8 h. ago Banking sector showed mixed performance in 2024 – World Bank Group

Ghana’s banking sector exhibited mixed performance in 2024, characterised by robust asset growth alongside limited private credit expansion, according to the World Bank Group’s 9th Economic Update on Ghana.

Politics

8 h. ago Disinflation accelerates as cedi rebounds – World Bank Group

Ghana has successfully resumed its disinflationary path in 2025, with a significant decline in headline inflation driven by a tight monetary policy, a stronger currency, and improved macroeconomic conditions.

Politics

11 h. ago Ghana’s new gov’t paves way for economic reforms – World Bank Group

Ghana’s new administration, backed by a clear parliamentary majority from the 2024 general election, has a renewed opportunity to drive ambitious economic reforms, according to the World Bank Group’s 9th Economic Update for Ghana.

Economics

11 h. ago Fiscal sustainability hinges on debt management, restructuring and consolidation – World Bank Group

Ghana's path to fiscal sustainability is on solid ground due to its successful debt management and restructuring efforts, according to the World Bank Group's 9th Economic Update on Ghana for June 2025.

Sport

12 h. ago India’s Growth Story Strong Despite Global Strains, Says President

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/indias-growth-story-strong-despite-global-strains-says-president/President Droupadi Murmu struck an optimistic note on the eve of India’s 79th Independence Day, highlighting the nation’s robust economic performance and social progress despite challenging global conditions. In a televised address, she affirmed India’s status as the fastest-growing major economy, pointing to 6.5% GDP growth last year fueled by reforms, prudent management, and the […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/indias-growth-story-strong-despite-global-strains-says-president/

Politics

12 h. ago Ghana Grapples with Quality Jobs Crisis as Only 13% of Workers Secure Good Positions

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-grapples-with-quality-jobs-crisis-as-only-13-of-workers-secure-good-positions/Ghana’s workforce faces a stark reality: 87% of workers cling to low-quality jobs that barely sustain them, while just 13% hold positions offering fair pay, stability, and skills matching. This sobering data, from the World Bank’s 9th Ghana Economic Update, exposes a critical mismatch between education and opportunity, leaving graduates disillusioned and human capital wasted. […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-grapples-with-quality-jobs-crisis-as-only-13-of-workers-secure-good-positions/

Events

12 h. ago Ghana’s economy showed resilience in 2024 – World Bank Group

Ghana’s economy demonstrated remarkable resilience in 2024, with its Gross Domestic Product (GDP) growth reaching 5.7 per cent, according to the World Bank Group’s 9th Economic Update for the country in June. The report, titled “Addressing Labour Market Challenges and Opportunities in Ghana’s Economic Landscape,” highlights a strong rebound driven primarily by the industrial sector […]

Politics

12 h. ago Global Plastic Treaty Talks Collapse, Imperiling Sustainability Targets

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/global-plastic-treaty-talks-collapse-imperiling-sustainability-targets/A critical round of UN negotiations aimed at finalizing the world’s first legally binding plastic pollution treaty ended without agreement in Geneva. This failure jeopardizes global efforts to tackle a crisis poisoning ecosystems, threatening health, and undermining key UN sustainability goals. Over 1,000 delegates from governments, industry, and civil society failed to bridge deep divides […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/global-plastic-treaty-talks-collapse-imperiling-sustainability-targets/

Events

13 h. ago Ghana Eyes 0.6% GDP Revenue Boost with Tax Enforcement, Says World Bank

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-eyes-0-6-gdp-revenue-boost-with-tax-enforcement-says-world-bank/Ghana could increase government revenue by at least 0.6% of GDP next year if it fully implements tax measures in its 2025 budget, the World Bank stated in its latest economic update. World Bank Country Director Robert Taliercio presented the projection in Accra, linking it directly to fiscal targets under Ghana’s IMF-backed reform program. He […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-eyes-0-6-gdp-revenue-boost-with-tax-enforcement-says-world-bank/

Events

13 h. ago Ghana’s Sugar Revival Hinges on Three Fixes, Warns Think Tank

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-sugar-revival-hinges-on-three-fixes-warns-think-tank/Ghana’s latest push to restart the dormant Komenda Sugar Factory represents more than just reviving a single plant; it’s a critical test for the nation’s broader industrial ambitions. Policy think tank IMANI Africa sees this as a golden opportunity, but cautions that success hinges entirely on the government avoiding past mistakes. The factory, modernized with […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-sugar-revival-hinges-on-three-fixes-warns-think-tank/

Events

14 h. ago UAE Markets Mixed as Dubai Gains, Abu Dhabi Slips Amid Oil Volatility

News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/uae-markets-mixed-as-dubai-gains-abu-dhabi-slips-amid-oil-volatility/Dubai’s stock market edged higher today, lifted by materials, financials, and industrials, though it remains on track for a slightly negative weekly close. Traze MENA Managing Director Osama Al Saifi notes the market may consolidate but could rebound if risk appetite strengthens. In Abu Dhabi, stocks dipped marginally as Q2 earnings season concludes, signaling limited […] News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/uae-markets-mixed-as-dubai-gains-abu-dhabi-slips-amid-oil-volatility/

Politics

14 h. ago Ghana’s Economy Outpaces Peers but Faces Crucial Reform Test, Says World Bank

News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/ghanas-economy-outpaces-peers-but-faces-crucial-reform-test-says-world-bank/Ghana’s economy defied global headwinds to grow 5.7% in 2024 and 5.3% in early 2025, outperforming regional peers through resilient trade and falling inflation, the World Bank reports. Yet fiscal pressures resurfaced last year, threatening hard-won stability gains. In its latest Economic Update, the Bank warns growth will slow to 3.9% in 2025 as austerity […] News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/ghanas-economy-outpaces-peers-but-faces-crucial-reform-test-says-world-bank/

Politics

15 h. ago Ghana Establishes Support Fund for Children of Helicopter Crash Victims

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-establishes-support-fund-for-children-of-helicopter-crash-victims/President John Mahama has launched a national fund to secure the education, healthcare, and welfare of eight children orphaned by the August 6 helicopter crash in Adansi Akrufuom. The initiative begins with a GH₵500,000 contribution from Stanbic Bank, bolstered by government seed funding. “The Fund for the children of the victims of August 6 will […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-establishes-support-fund-for-children-of-helicopter-crash-victims/

Events

15 h. ago Ghana Project Experts Demand Overhaul to Stop Waste and Boost Trust

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-project-experts-demand-overhaul-to-stop-waste-and-boost-trust/Project management leaders have issued a stark call for Ghana to fundamentally reform how national initiatives are executed, demanding an end to abandoned projects and partisan interference. Their 10-point resolution, unveiled at the 2025 National Project Management Conference, centers on a “Finish-to-Start” policy requiring stalled projects to be completed before new ones begin. A proposed […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-project-experts-demand-overhaul-to-stop-waste-and-boost-trust/

Politics

15 h. ago Ghana’s Growth Masks Job Crisis as Economy Relies on Spending, Not Factories

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-growth-masks-job-crisis-as-economy-relies-on-spending-not-factories/Ghana’s economy shows steady growth, but a heavy dependence on consumer spending fueled by oil revenues is failing to create quality jobs, a new World Bank report reveals. The 9th Ghana Economic Update warns this consumption-led model is stifling the structural transformation needed for broad-based prosperity. Oil windfalls and favorable global prices for cocoa, gold, […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-growth-masks-job-crisis-as-economy-relies-on-spending-not-factories/

Events

15 h. ago World Bank Warns Mounting Debt Threatens Ghana’s Cocoa Sector

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/world-bank-warns-mounting-debt-threatens-ghanas-cocoa-sector/The World Bank has raised urgent concerns over the Ghana Cocoa Board’s (COCOBOD) financial stability, warning that rising debt and operational inefficiencies could destabilize the country’s vital cocoa industry. Despite soaring global cocoa prices, Ghana’s production remains low, with COCOBOD struggling under significant arrears to suppliers and costly “quasi-fiscal operations” outside its core mandate. In […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/world-bank-warns-mounting-debt-threatens-ghanas-cocoa-sector/

Events

15 h. ago Ghana Revamps VAT System and Tax Dispute Resolution in Major Reform Push

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-revamps-vat-system-and-tax-dispute-resolution-in-major-reform-push/Ghana Revenue Authority (GRA) Commissioner-General Anthony Kwasi Sarpong has announced sweeping reforms to modernize tax administration, including the long-pending rollout of the Fiscal Electronic Device Act (Act 966) and a major overhaul of Value Added Tax (VAT). The changes aim to boost compliance, reduce business costs, and foster a more collaborative taxpayer relationship. Speaking during […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-revamps-vat-system-and-tax-dispute-resolution-in-major-reform-push/

Politics

16 h. ago World Bank Urges Ghana to Prioritize Jobs, Private Sector in Reform Push

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/world-bank-urges-ghana-to-prioritize-jobs-private-sector-in-reform-push/Ghana must channel its structural reforms toward private sector growth and youth job creation, warns a new World Bank report. The ninth Ghana Economic Update stresses that with the working-age population set to surge, failure to generate productive employment risks squandering a major economic opportunity. “Unemployment and underemployment represent a potential powder keg,” said Deputy […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/world-bank-urges-ghana-to-prioritize-jobs-private-sector-in-reform-push/

Politics