8 h. ago Ghana Faces Tough Choices on Jobs as World Bank Urges Policy Shift

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-faces-tough-choices-on-jobs-as-world-bank-urges-policy-shift/Ghana’s struggle with high unemployment and underemployment demands urgent, targeted policy action, according to a stark assessment from the World Bank. The institution warns that without decisive interventions in three critical areas, efforts to create sustainable jobs and attract vital private investment will fall short, stifling long-term economic progress. The findings come from the Bank’s […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-faces-tough-choices-on-jobs-as-world-bank-urges-policy-shift/

Events

20 h. ago Businesses Must Strategize to Maximize Rate Cut Benefits, Urges IMANI

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/businesses-must-strategize-to-maximize-rate-cut-benefits-urges-imani/Ghanaian firms should move swiftly to capitalize on the Bank of Ghana’s recent monetary policy rate cut rather than passively await lower borrowing costs, economic think tank IMANI Africa advised in a new analysis. While cheaper credit is expected, businesses must proactively reshape financing strategies to thrive amid persistent economic volatility. Three strategic imperatives stand […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/businesses-must-strategize-to-maximize-rate-cut-benefits-urges-imani/

Politics

23 h. ago Adesina Urges Rule of Law to Unlock Africa’s Investment Potential

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/adesina-urges-rule-of-law-to-unlock-africas-investment-potential/African Development Bank President Dr Akinwumi A. Adesina has urged African governments to tighten governance, make public finance transparent, and reform judicial systems to close a roughly $100 billion annual foreign direct investment gap. Speaking at the Kenya Law Society’s 2025 conference in Nairobi, he said the rule of law, sanctity of contracts, and judicial […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/adesina-urges-rule-of-law-to-unlock-africas-investment-potential/

Politics

49 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

57 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

58 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

3 d. ago Fix energy and cocoa sectors to protect economy – World Bank tells Ghana

The World Bank has urged Ghana to urgently address structural challenges in its energy and cocoa sectors as part of a broader push to safeguard the country’s economic stability and growth prospects.

Politics

3 d. ago Ghana’s Power Utility Faces US$2.2 Billion Gap, Cocoa Board Strains Finances

News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/ghanas-power-utility-faces-us2-2-billion-gap-cocoa-board-strains-finances/Ghana’s state-owned enterprises risk derailing national finances, the World Bank warns. Without urgent reform, the Electricity Company of Ghana (ECG) will face a $2.2 billion funding gap by late 2025. This shortfall could spiral to $9 billion by 2026. Robert Taliercio, World Bank Country Director for Ghana, Sierra Leone, and Liberia, sounded the alarm at […] News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/ghanas-power-utility-faces-us2-2-billion-gap-cocoa-board-strains-finances/

Economics

3 d. ago Ghana’s Growth Path Tests Reform Resolve as World Bank Urges Action

News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/ghanas-growth-path-tests-reform-resolve-as-world-bank-urges-action/Ghana’s economy defied global headwinds to expand by 5.7% last year and maintain 5.3% growth early in 2025, according to the World Bank’s latest assessment. But this resilience now faces its sternest test as fiscal pressures mount. The institution projects growth will slow to 3.9% this year before recovering, warning that delayed debt restructuring and […] News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/ghanas-growth-path-tests-reform-resolve-as-world-bank-urges-action/

Politics

3 d. ago World Bank cautions BoG on excessive FX Interventions, calls for banking sector reforms

The World Bank has urged the Bank of Ghana (BoG) to avoid excessive foreign exchange (FX) interventions, warning that such actions could disrupt market balance and weaken economic resilience. This was contained in the latest Ghana Economic Update report, launched in Accra today, August 14, 2025 which emphasised the need for the central bank to […]

Politics

3 d. ago Ghana Faces Fiscal Tightrope as World Bank Urges Strategic Spending

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-faces-fiscal-tightrope-as-world-bank-urges-strategic-spending/The World Bank has endorsed Ghana’s aggressive fiscal consolidation while urging the government not to sacrifice critical investments protecting vulnerable citizens. This delicate balance emerged as a central theme at the launch of Ghana’s 9th Economic Update, where policymakers grapple with sustaining reforms without stalling social progress. Robert Taliercio, World Bank Director for Ghana, Sierra […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-faces-fiscal-tightrope-as-world-bank-urges-strategic-spending/

Politics

4 d. ago Macroeconomic stability must translate into growth – BoG Governor tells Banks

The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, is urging commercial banks to leverage the stability in the financial sector to drive economic growth. Speaking at a meeting with chief executives of banks in Accra, Dr. Asiama emphasised that the gains made in stabilising the banking system must now translate into tangible […]

Politics

7 d. ago Ghana’s Central Bank Pushes Finance Sector to Capitalize on Commodity Surge

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-central-bank-pushes-finance-sector-to-capitalize-on-commodity-surge/Ghana’s central bank is urging bankers and traders to seize fresh opportunities emerging from the country’s evolving commodity sector. Speaking at the CNVERGE ’25 event in London, First Deputy Governor of the Bank of Ghana (BoG), Dr. Zakaria Mumuni, challenged financial players to move beyond simply exporting raw materials. Dr. Mumuni argued that strategically leveraging […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-central-bank-pushes-finance-sector-to-capitalize-on-commodity-surge/

Politics

9 d. ago Ghana Leaders Demand Policy Unity to Turn Rate Cuts into Real Growth

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-leaders-demand-policy-unity-to-turn-rate-cuts-into-real-growth/Top bankers, businesses, and the central bank are urging Ghana’s policymakers to forge stronger links between interest rate reductions and fiscal reforms. At a high-level forum in Accra, stakeholders agreed that the Bank of Ghana’s recent monetary easing while positive,won’t translate into broad economic gains without coordinated tax relief, infrastructure spending, and private-sector support. Hosted […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-leaders-demand-policy-unity-to-turn-rate-cuts-into-real-growth/

Politics

1 week ago Ghana Central Bank Slashes Policy Rate in Surprise Move Amid Economic Shifts

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-central-bank-slashes-policy-rate-in-surprise-move-amid-economic-shifts/The Bank of Ghana has cut its benchmark Monetary Policy Rate by 300 basis points to 25%, defying market expectations in a decisive shift toward stimulating growth. Five of six Monetary Policy Committee members backed the aggressive reduction, citing plunging inflation (13.7% in June from 23.8% in December 2024), a 40.7% year-to-date cedi surge, and […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-central-bank-slashes-policy-rate-in-surprise-move-amid-economic-shifts/

Events

1 week ago Reviving Growth: A bold step by the Bank of Ghana and the Mahama administration

The Governor of the Bank of Ghana announced a significant policy shift:“Overall, the Committee noted that macroeconomic conditions have significantly improved, inflation expectations are broadly anchored, external buffers have strengthened, and confidence in the economy is returning Given these considerations, the Committee, by a majority decision, voted to lower the Monetary Policy Rate (MPR) by […]

Politics

1 week ago BoG Governor urges banks to rethink lending strategy after policy rate cut

The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has urged commercial banks to reassess their lending strategies in the wake of the central bank’s latest monetary policy decision aimed at revitalising the economy. Speaking at the Chartered Institute of Bankers Ghana’s post Monetary Policy Committee (MPC) roundtable discussion, Dr. Asiama said the […]

Events

1 week ago Ghana Raises Cocoa Price to $5,040 Per Tonne in Policy Shift

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-raises-cocoa-price-to-5040-per-tonne-in-policy-shift/Ghana has increased cocoa producer prices to $5,040 per tonne for the 2025/2026 season, up from $3,100, effective August 7. The adjustment announced by Finance Minister Dr. Cassiel Ato Forson translates to GH¢3,228.75 per 64kg bag, a GH¢128.75 rise. Forson stated the move fulfills President John Mahama’s pledge to allocate 70% of Free-On-Board (FOB) value […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-raises-cocoa-price-to-5040-per-tonne-in-policy-shift/

Economics

4 w. ago Black Queens Brace for Tough WAFCON Semifinal Against Hosts Morocco

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/black-queens-brace-for-tough-wafcon-semifinal-against-hosts-morocco/Ghana’s national women’s football team faces a monumental challenge as they prepare to battle tournament hosts Morocco in the 2024 Women’s Africa Cup of Nations semifinals on July 22. The Black Queens secured their semifinal berth – their first in nine years – through a dramatic 4-2 penalty shootout victory over Algeria, with goalkeeper Cynthia […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/black-queens-brace-for-tough-wafcon-semifinal-against-hosts-morocco/

Politics