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

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

14 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

31 h. ago Ghana’s economy resilient but faces fiscal and structural hurdles – World Bank

Ghana’s economy showed strong resilience in 2024, recording 5.7% growth despite global and domestic challenges, according to the World Bank.

Politics

32 h. 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

44 h. 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

4 d. ago Sustainability of Ghana’s macroeconomic recovery hinges on elevated gold prices – Fitch Solutions

In its analysis of the Ghanaian economy, it said a substantial decline in gold prices would drive a sharp rebound in inflation. This will prompt the Bank of Ghana to maintain a tighter policy stance than currently anticipated.

Economics

4 d. ago Ghana Turns to Gold in Bid to Stabilise Economy, Central Bank Says

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-turns-to-gold-in-bid-to-stabilise-economy-central-bank-says/The Bank of Ghana is leveraging its domestic gold resources as a cornerstone strategy to rebuild foreign reserves, stabilise the cedi, and restore investor confidence following the nation’s exclusion from international capital markets during its recent debt crisis. First Deputy Governor Dr. Zakari Mumuni outlined the central bank’s approach, calling it critical for hedging sovereign […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-turns-to-gold-in-bid-to-stabilise-economy-central-bank-says/

Politics

4 d. 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

5 d. ago Ghana’s Gold Strategy Boosts Reserves and Stabilizes Economy

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-gold-strategy-boosts-reserves-and-stabilizes-economy/Ghana’s Domestic Gold Purchase Programme (DGPP) has fortified foreign reserves, steadied the exchange rate, and helped tame inflation, according to First Deputy Governor of the Bank of Ghana, Dr. Zakari Mumuni. Speaking at the CNVERGE ’25 banking summit, he revealed the central bank bought 145.95 tonnes of gold since the program’s launch, with 86.77 tonnes […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-gold-strategy-boosts-reserves-and-stabilizes-economy/

Politics

6 d. ago Ghana Set to Beat 2025 Economic Targets as Fiscal Discipline Pays Off

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-set-to-beat-2025-economic-targets-as-fiscal-discipline-pays-off/Ghana’s economy is gaining momentum and may outperform all its 2025 macroeconomic targets, according to Accra-based IC Research. Strong first-half results in inflation control, exchange rate stability, GDP growth, and international reserves have set a positive trajectory for the year. The research firm highlighted a “sizable fiscal adjustment” driven by spending controls, zero arrears accumulation, […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-set-to-beat-2025-economic-targets-as-fiscal-discipline-pays-off/

Economics

7 d. ago CIB Ghana leads national dialogue on monetary policy and banking reform

The Chartered Institute of Bankers, Ghana (CIB Ghana) has convened a high-level policy seminar under the theme “Monetary Policy in Action: How MPC Decisions Shape Ghana’s Economy and Financial Sector,” to examine the practical implications of monetary policy decisions on lending, inflation, and financial sector development. In his welcome address, Mr. Benjamin Amenumey, President of […]

Events

8 d. ago Ghanaian Banks Urged to Shift Focus as Rate Cuts Reshape Economy

News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/ghanaian-banks-urged-to-shift-focus-as-rate-cuts-reshape-economy/Ghana’s banking sector must fundamentally transform its business models away from passive government investments and towards active lending, particularly to small businesses and sustainable projects, central bank governor Dr. Johnson Asiama declared at a major policy forum in Accra. The call came during a high-level seminar organized by the Chartered Institute of Bankers Ghana (CIB […] News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/ghanaian-banks-urged-to-shift-focus-as-rate-cuts-reshape-economy/

Politics

9 d. ago Industrial Developer ARISE IIP Pledges Major Investment in Ghana’s 24

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/industrial-developer-arise-iip-pledges-major-investment-in-ghanas-24-hour-economy/ARISE Integrated Industrial Platforms (ARISE IIP), Africa’s leading industrial zone developer, has committed significant resources to advance Ghana’s 24-hour economy agenda following high-level talks in Benin. During a visit to ARISE’s Glo-Djigbé Industrial Zone (GDIZ) on August 5, Ghana’s delegation led by Chief of Staff Julius Debrah and including Trade Minister Elizabeth Ofosu-Adjare explored partnerships […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/industrial-developer-arise-iip-pledges-major-investment-in-ghanas-24-hour-economy/

Politics

9 d. ago UN Touts Circular Economy as Solution to Ghana’s Youth Job Crisis

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/un-touts-circular-economy-as-solution-to-ghanas-youth-job-crisis/Ghana’s transition to a circular economy could dramatically curb youth unemployment while advancing sustainability, according to the United Nations Industrial Development Organisation (UNIDO). Eric Gyenin, UNIDO’s Country Coordinator, positioned the Ghana Circular Economy Centre (GCEC) Project as pivotal to this shift, targeting agriculture, textiles, and plastics sectors. The five-year GCEC initiative will establish a physical […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/un-touts-circular-economy-as-solution-to-ghanas-youth-job-crisis/

Events

1 week ago Ghana’s Economic Gains Mask Regulatory Gaps, Warns IMANI Report

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-economic-gains-mask-regulatory-gaps-warns-imani-report/Ghana’s economy shows robust recovery with first-quarter GDP growth hitting 5.3% and inflation declining to 13.7% by June 2025, paired with a 42.6% cedi appreciation against the dollar. Public debt has plummeted from 61.8% to 43.8% of GDP within six months, signaling effective fiscal consolidation under the current administration. Despite these strides, IMANI’s governance review […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-economic-gains-mask-regulatory-gaps-warns-imani-report/

Events

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 UK and Ghana deepen strategic partnership with new agreement to boost Ghana’s 24

Senior UK and Ghanaian government officials convened at the British High Commissioner’s Residence in Accra for the bi-annual UK-Ghana Partnership for Jobs and Economic Transformation (JET) Steering Committee Meeting.

Politics

1 week ago Rubber Supply Tensions Threaten Ghana’s Processing Factories

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/rubber-supply-tensions-threaten-ghanas-processing-factories/Boosting domestic value addition, creating jobs, and strengthening Ghana’s economy through local rubber processing is widely seen as an ideal strategy. However, significant tensions are emerging over the supply of raw materials, with industry stakeholders warning that the process must not favour factory investors at the expense of essential actors like traders and farmers who […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/rubber-supply-tensions-threaten-ghanas-processing-factories/

Events

1 week ago Ghana Think Tank Warns Against Political Price Meddling as Economy Recovers

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-think-tank-warns-against-political-price-meddling-as-economy-recovers/Ghana’s significant economic progress in 2025 faces a growing threat from political interference in market pricing, according to a new policy brief by the IMANI Centre for Policy and Education. The Accra-based think tank acknowledged robust macroeconomic improvements, including 5.3% real GDP growth in the first quarter, a decline in inflation to 13.7% by June, […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-think-tank-warns-against-political-price-meddling-as-economy-recovers/

Events