68 m. ago How MIIF’s Gold Trade Program Became a Blueprint for Ghana’s Mining Investment Growth

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/how-miifs-gold-trade-program-became-a-blueprint-for-ghanas-mining-investment-growth/The Minerals Income Investment Fund (MIIF) Ghana has emerged as one of the country’s most profitable and impactful state-owned enterprises in recent years, demonstrating how strategic commodity trading can drive national economic growth. Under the leadership of Edward Nana Yaw Koranteng, MIIF recorded over 100% profit growth in 2023, expanded its assets under management (AUM) […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/how-miifs-gold-trade-program-became-a-blueprint-for-ghanas-mining-investment-growth/

Politics

7 h. ago Insurance industry: Total investment assets declined slightly in 2024; life insurance dominates investment holdings

“From a financial stability perspective, the evolving investment strategy reflects both strength and fragility. On the one hand, the reduced concentration in government securities enhances resilience to sovereign risk. On the other hand, increased exposure to equities and real estate heightens vulnerability to market cycles, especially under adverse economic scenarios”, the report stressed.

Politics

29 h. ago ANC’s Failure Fuels South Africa’s Xenophobia Crisis, Analysts Warn

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ancs-failure-fuels-south-africas-xenophobia-crisis-analysts-warn/South Africa’s recurring xenophobic violence stems not from inherent malice among its poor, but from decades of systemic governance failure and deepening inequality under ANC leadership, political economists argue. With unemployment exceeding 30%, a Gini coefficient of 0.63 ranking among the world’s highest, and a quarter of citizens in extreme poverty, the conditions for explosive […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ancs-failure-fuels-south-africas-xenophobia-crisis-analysts-warn/

Events

35 h. ago Ghana’s Cedi Surge Masks Underlying Economic Fault Lines, Analysts Warn

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-cedi-surge-masks-underlying-economic-fault-lines-analysts-warn/Ghana’s currency has staged a remarkable comeback this year, strengthening by over 42% against the US dollar in the first half of 2025. This marks the strongest performance of any major currency in sub-Saharan Africa, bringing a welcome sense of stability after prolonged turbulence. Financial analysts at Emerging Markets Advisory point to a confluence of […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-cedi-surge-masks-underlying-economic-fault-lines-analysts-warn/

Events

36 h. ago Digital Cedi Backed By Gold, Cocoa Proposed to Boost Stability

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/digital-cedi-backed-by-gold-cocoa-proposed-to-boost-stability/Ghana could anchor a future digital currency to its gold and cocoa reserves, creating a more stable foundation for monetary policy and reducing reliance on foreign financial systems, according to Professor Yegandi Imhotep Paul Alagidede, the Bank of Ghana Chair in Finance and Economics at the University of Ghana. Speaking at the launch of his […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/digital-cedi-backed-by-gold-cocoa-proposed-to-boost-stability/

Politics

46 h. ago Ghana’s Economic Surge Faces Sustainability Test, Report Warns

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-economic-surge-faces-sustainability-test-report-warns/Ghana’s economy shows dazzling short-term gains under President Mahama’s second-term administration, but a new mid-year review cautions these victories rest on shaky ground. The cedi’s unprecedented 42.6% surge against the dollar, inflation’s 10-point drop, and robust 5.3% first-quarter growth signal a “near-perfect turnaround,” according to EM Advisory’s analysis. Yet the report flags gold exports, IMF […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-economic-surge-faces-sustainability-test-report-warns/

Events

54 h. ago Backing cedi with resources like gold and cocoa will ensure long

Professor Yegandi Imhotep Paul Alagidede, the newly appointed Bank of Ghana Chair in Finance and Economics at the University of Ghana, has proposed that backing the cedi with strategic national resources such as gold and cocoa could deliver long-term currency stability.

Politics

4 d. ago Tullow Oil’s US$61M Loss Spotlights Efficiency Urgency, Analysts Warn

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/tullow-oils-us61m-loss-spotlights-efficiency-urgency-analysts-warn/Energy experts are pushing oil firms to slash costs and boost output after Tullow Oil posted a $61 million first-half loss, reversing its $196 million profit from 2024. The slump underscores broader industry strains as stagnant crude prices squeeze margins. Benjamin Nsiah, Executive Director of the Centre for Environmental Management and Sustainable Energy, minced no […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/tullow-oils-us61m-loss-spotlights-efficiency-urgency-analysts-warn/

Events

4 d. ago Economist Slams MultiChoice’s “Mathematically Impossible” Cedi Claim

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/economist-slams-multichoices-mathematically-impossible-cedi-claim/Ghana’s pay-TV giant MultiChoice faces intense scrutiny after an economist debunked its claim that the cedi depreciated 240% since 2017 a figure dismissed as “palpably false and mathematically impossible.” Dr. John Kwakye, Director of Research at the Institute of Economic Affairs (IEA), challenged the company’s justification for refusing to reduce subscription prices despite government pressure. […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/economist-slams-multichoices-mathematically-impossible-cedi-claim/

Politics

4 d. ago Ghana’s Cedi Surge Masks Underlying Weaknesses, Warns Advisory

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-cedi-surge-masks-underlying-weaknesses-warns-advisory/Ghana’s cedi has staged one of Africa’s sharpest recoveries this year, soaring 42.6% against the US dollar since January but analysts caution this strength rests on fragile, temporary pillars. A new report by economic consultancy EM Advisory reveals the rally, which also saw gains of 30.3% against the British pound and 25.6% against the euro, […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-cedi-surge-masks-underlying-weaknesses-warns-advisory/

Events

5 d. ago Ghana’s Fiscal Progress Undercut by Public Sector Leaks, Warns Report

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-fiscal-progress-undercut-by-public-sector-leaks-warns-report/Ghana’s hard-won economic stability faces erosion from persistent governance gaps and project mismanagement, according to a new EM Advisory assessment. While applauding President John Mahama’s early fiscal strides including a 1.1% GDP primary surplus, expenditure cuts 14.3% below budget, and slowing inflation the report stresses that these gains remain fragile. Chronic inefficiencies threaten to unravel […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-fiscal-progress-undercut-by-public-sector-leaks-warns-report/

Events

5 d. ago Ghana Fixed Income Market Sees Heavy Trading in Government Securities

News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/ghana-fixed-income-market-sees-heavy-trading-in-government-securities/Ghana’s fixed income market recorded robust activity in government bonds and treasury bills on Thursday, dominated by large-volume trades in sovereign debt instruments. A 2027 Government of Ghana bond led transactions with 125 million cedis traded, reflecting sustained institutional interest amid declining yields. Treasury bills followed closely with a 50.4 million cedi block trade in […] News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/ghana-fixed-income-market-sees-heavy-trading-in-government-securities/

Politics

6 d. ago Ghana Postpones Currency Anniversary After Ministerial Deaths in Helicopter Crash

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-postpones-currency-anniversary-after-ministerial-deaths-in-helicopter-crash/The Bank of Ghana has indefinitely postponed the national launch of its “Cedi@60” anniversary celebrations following a devastating military helicopter crash that killed eight people, including two senior government ministers. The event was originally scheduled for Friday, August 8. This decision aligns with a three-day period of national mourning declared by President John Mahama, running […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-postpones-currency-anniversary-after-ministerial-deaths-in-helicopter-crash/

Events

6 d. ago Ghana Remittances Show Steady Growth Despite Central Bank Alarm

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-remittances-show-steady-growth-despite-central-bank-alarm/Recent claims by the Bank of Ghana (BoG) Governor suggesting a sharp 50% decline in remittance inflows have sparked economic concerns. However, official BoG data reveals a contrasting trend of seasonal stability and year-on-year growth, contradicting the assertion. Quarterly figures from the central bank’s Summary of Economic and Financial Data show remittances under “Private Transfers […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-remittances-show-steady-growth-despite-central-bank-alarm/

Politics

6 d. ago Scholar Urges Diaspora to Maintain Remittances Despite Strong Cedi

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/scholar-urges-diaspora-to-maintain-remittances-despite-strong-cedi/Ghanaian governance advocate Professor Stephen Kwaku Asare, widely known as Kwaku Azar, has issued a passionate appeal to citizens abroad after Bank of Ghana data revealed remittance inflows plunged nearly 50% amid the cedi’s sharp appreciation. The currency has gained over 40% against the dollar this year, causing some diasporans to delay sending money over […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/scholar-urges-diaspora-to-maintain-remittances-despite-strong-cedi/

Politics

7 d. ago Deloitte Warns Ghana Energy Reforms Risk Gains Without Macroeconomic Alignment

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/deloitte-warns-ghana-energy-reforms-risk-gains-without-macroeconomic-alignment/Global consultancy Deloitte has cautioned that Ghana’s energy sector reforms require stronger integration with broader economic policies to prevent undermining recent stability gains. In its analysis of the 2025 Mid-Year Budget, the firm acknowledged government efforts to restructure crippling sector debts but highlighted the absence of a comprehensive debt management strategy as a critical flaw. […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/deloitte-warns-ghana-energy-reforms-risk-gains-without-macroeconomic-alignment/

Events

7 d. ago Ghana Builders Demand Price Relief as Cement Costs Defy Cedi Gains

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-builders-demand-price-relief-as-cement-costs-defy-cedi-gains/Ghana’s real estate developers report home sales remain 60% below pre-pandemic levels, with stubbornly high building material prices now crippling recovery. GREDA President Dr. James Orleans-Lindsay told the B&FT the sector faces a “fresh challenge” despite broader economic rebounds, stating: “Realtors are still in the woods.” Cement prices hover between GH¢105–118 nationwide despite the cedi’s […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-builders-demand-price-relief-as-cement-costs-defy-cedi-gains/

Economics

7 d. ago UBA Supports AAMUSTED Financial Literacy Summit to Empower Students with Money Management Skills

News Ghana, Latest Updates and Breaking News of Ghana, Prosper Kay, https://www.newsghana.com.gh/uba-supports-aamusted-financial-literacy-summit-to-empower-students-with-money-management-skills/The Akenten Appiah-Menka University of Skills Training and Entrepreneurial Development (AAMUSTED)hosted a Financial Literacy Summit to equip students with practical knowledge on money management and the broader economy. Held under the theme “Financial Fitness: Building Wealth and Securing Your Future,” the 2025 summit brought together students, faculty, and key stakeholders committed to fostering financial empowerment […] News Ghana, Latest Updates and Breaking News of Ghana, Prosper Kay, https://www.newsghana.com.gh/uba-supports-aamusted-financial-literacy-summit-to-empower-students-with-money-management-skills/

Politics

7 d. 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

7 d. ago Ghana Business Confidence Soars Despite Output Dip as Cedi Strengthens

News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/ghana-business-confidence-soars-despite-output-dip-as-cedi-strengthens/Ghana’s private sector slashed selling prices at the second-fastest pace on record in July, capitalizing on a historic drop in purchase costs driven by the cedi’s sharp appreciation. The S&P Global Ghana Purchasing Managers’ Index (PMI) edged down to 50.2 from June’s 51.3, signaling near-stagnation and the weakest improvement in six months. Paradoxically, business optimism […] News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/ghana-business-confidence-soars-despite-output-dip-as-cedi-strengthens/

Politics