30 h. 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

50 h. ago Ghana’s Central Bank Eyes Further Rate Cut as Inflation Eases

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-central-bank-eyes-further-rate-cut-as-inflation-eases/Ghana’s disinflation trend has strengthened the case for another policy rate reduction when the Bank of Ghana’s Monetary Policy Committee (MPC) meets in September. July’s headline inflation fell to 12.1% a near four-year low satisfying the MPC’s precondition for additional easing after July’s 300-basis-point cut to 25%. Most committee members had signaled willingness to lower […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-central-bank-eyes-further-rate-cut-as-inflation-eases/

Politics

59 h. 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

3 d. ago Data Shows Local Food Prices Drive Ghana’s Stubborn Inflation

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/data-shows-local-food-prices-drive-ghanas-stubborn-inflation/Ghana’s inflation battle faces a new complication, with official statistics confirming traders’ claims that locally produced goods, not imports, are now the primary drivers of persistent high prices. Recent data from the Ghana Statistical Service (GSS) aligns with the Ghana Union of Traders Association’s (GUTA) stance, revealing a stark divide between imported and domestic inflation […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/data-shows-local-food-prices-drive-ghanas-stubborn-inflation/

Economics

3 d. ago Ghana’s Stubborn Prices Defy Cooling Inflation, Traders Cite Dual Hurdles

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-stubborn-prices-defy-cooling-inflation-traders-cite-dual-hurdles/Ghanaian consumers are seeing inflation ease but feeling little relief at the market. Despite improving macroeconomic indicators, prices for many goods, like cement, remain stubbornly high, falling short of public expectations. This disconnect prompted the Roads and Highways Minister, Governs Kwame Agbodza, to issue a stark warning: only businesses lowering prices to reflect economic gains […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-stubborn-prices-defy-cooling-inflation-traders-cite-dual-hurdles/

Economics

3 d. ago Ghana Sees Sharp Drop in Public Cash Holdings as Inflation Eases

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-sees-sharp-drop-in-public-cash-holdings-as-inflation-eases/Currency circulating outside Ghana’s banking system fell to GH₵58.1 billion in June, the lowest level this year, signaling shifting monetary behavior amid cooling inflation. Bank of Ghana data reveals a notable decline from the GH₵62 billion monthly average maintained between January and May 2025. Economists link the trend to the central bank’s earlier tight monetary […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-sees-sharp-drop-in-public-cash-holdings-as-inflation-eases/

Economics

4 d. ago Ghana Rolls Out Gold Coin to Anchor Savings and Curb Inflation

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-rolls-out-gold-coin-to-anchor-savings-and-curb-inflation/Ghana’s central bank has unveiled a pioneering financial instrument designed to stabilize personal wealth and bolster monetary policy. The newly launched Ghana Gold Coin (GGC), announced by First Deputy Governor Dr. Zakari Mumuni at London’s CNVERGE ’25 summit, offers investors a high-purity, tangible asset amid economic uncertainty. This move signals a strategic shift for the […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-rolls-out-gold-coin-to-anchor-savings-and-curb-inflation/

Economics

4 d. ago Ghana’s Inflation Divide: Upper West Suffers 24.8% as National Rate Falls

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-inflation-divide-upper-west-suffers-24-8-as-national-rate-falls/While Ghana celebrates seven straight months of declining inflation hitting 12.1% in July, its lowest since 2021 the Ghana Statistical Service warns of a hidden crisis. Stark regional disparities reveal Upper West grappling with 24.8% price surges, more than double the national average. Upper East (21.1%), Western North (18.2%), and other northern regions follow, starkly […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-inflation-divide-upper-west-suffers-24-8-as-national-rate-falls/

Politics

4 d. ago Local Goods Drive Ghana’s Inflation as Import Reliance Persists

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/local-goods-drive-ghanas-inflation-as-import-reliance-persists/Ghana’s inflation story in July 2025 reveals a surprising twist: only two imported items ranked among the top 20 price surge drivers. Vegetable oil and rice stood alone as foreign contributors in the Ghana Statistical Service report, challenging assumptions about imports’ inflationary dominance. Imported vegetable oil prices soared 52% year-on-year despite a slight recent dip, […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/local-goods-drive-ghanas-inflation-as-import-reliance-persists/

Politics

5 d. ago Ghana Savers Lose 9.47% as Inflation Crushes Deposit Returns

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-savers-lose-9-47-as-inflation-crushes-deposit-returns/Ghanaian depositors face a harsh reality: money parked in demand deposit accounts is losing real value at nearly 10% annually. With inflation hitting 12.1% in July 2025 while banks paid a flat 2.63% interest, savers effectively suffered a -9.47% real return. The gap has been far wider—real losses plunged to -21% when inflation peaked at […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-savers-lose-9-47-as-inflation-crushes-deposit-returns/

Politics

5 d. ago Ghana’s Fufu and Kenkey Prices Surge as Inflation Bites the Dinner Table

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-fufu-and-kenkey-prices-surge-as-inflation-bites-the-dinner-table/Ghana’s cherished comfort foods are feeling the heat of rising costs. New Consumer Price Index data shows sharp jumps for fufu with soup and kenkey with fried fish, turning cultural staples into pricier meals for households nationwide. Fufu with soup saw one of July’s steepest food price hikes, its inflation leaping from 0.2% in June […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-fufu-and-kenkey-prices-surge-as-inflation-bites-the-dinner-table/

Economics

7 d. ago Ghana Central Bank Eyes Earlier Rate Cut Amid Inflation Easing

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-central-bank-eyes-earlier-rate-cut-amid-inflation-easing/Bank of Ghana Governor Dr. Johnson Asiama has signaled a potential unscheduled policy meeting to further reduce interest rates if inflation continues declining through July and August. Speaking at a Chartered Institute of Bankers (CIB) seminar in Accra, Asiama stated the Monetary Policy Committee could convene before its planned September 23–26 session to cut the […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-central-bank-eyes-earlier-rate-cut-amid-inflation-easing/

Politics

7 d. ago Republic Wealth Trust Posts 25% Gain, Eyes Alternatives for Growth

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/republic-wealth-trust-posts-25-gain-eyes-alternatives-for-growth/Republic Investment’s Wealth Trust sub-fund delivered a 25.08% return for 2024, outperforming its 20.35% benchmark despite Ghana’s turbulent inflation and currency volatility. CEO Madeline Nettey credited disciplined risk management and long-term diversification, calling the results a testament to “prudent execution” amid macroeconomic headwinds. Looking ahead, the fund aims to bolster capital protection while exploring alternative […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/republic-wealth-trust-posts-25-gain-eyes-alternatives-for-growth/

Politics

8 d. ago Ghana Bond Yields Decline Sharply as Investor Confidence Rebounds

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-bond-yields-decline-sharply-as-investor-confidence-rebounds/Government bond yields fell significantly across all maturities in the first half of 2025, reflecting strengthening investor sentiment amid easing inflation and stabilizing macroeconomic indicators. Data from the Bank of Ghana shows the sharpest compression at the shorter end of the curve, with the 4-Year Bond yield dropping 686 basis points to 19.36% between January […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-bond-yields-decline-sharply-as-investor-confidence-rebounds/

Politics

9 d. ago Ghana Central Bank’s Rate Cut Splits Economists on Inflation Risks

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/a-bold-move-or-premature-gamble-economists-divided-over-reduction-in-policy-rate/The Bank of Ghana’s surprise 300-basis-point policy rate reduction from 28% to 25% has divided economists, with some hailing it as a growth catalyst and others warning it risks undermining inflation progress. Business groups including GUTA and GNCCI applauded the cut, anticipating lower borrowing costs for struggling enterprises. Dr. Paul Appiah-Konadu of Pentecost University endorsed […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/a-bold-move-or-premature-gamble-economists-divided-over-reduction-in-policy-rate/

Politics

9 d. 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

1 week ago GACC warns of ghost creditors amid misreporting of Ghana’s public debt

The Ghana Anti-Corruption Coalition (GACC) has assessed the misreporting of Ghana’s debt, warning that inflated debt figures could mask corruption and lead to debt servicing of non-existent creditors.

Events

3 w. ago SSNIT Announces Major Reforms to Boost Pension Value Amid Inflation

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ssnit-announces-major-reforms-to-boost-pension-value-amid-inflation/Ghana’s Social Security and National Insurance Trust (SSNIT) is implementing sweeping changes to its investment strategy and service delivery to protect pensioners from inflationary pressures. Director-General Kwasi Afreh Biney revealed the plans during the Trust’s annual stakeholder engagement, acknowledging that this year’s 12% benefit increase fails to match inflation rates that have consistently exceeded that […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ssnit-announces-major-reforms-to-boost-pension-value-amid-inflation/

Economics

4 w. ago Ghana’s inflation to remain on a downward trajectory in second

“The drop in price pressures reflects the cedi’s 50% appreciation against the dollar in April and May alongside a decline in global energy prices amid uncertainty surrounding US trade policy”, it added.

Events

last month Minority, Majority MPs clash over credit for Ghana’s economic gains

Majority and Minority MPs have clashed in Parliament over Ghana’s recent economic gains, as inflation declines and the cedi strengthens against major foreign currencies.

Politics