Ghana

The Executive Board of the International Monetary Fund (IMF) is set to examine Ghana's fourth review of its $3 billion Extended Credit Facility (ECF) programme on July 7, 2025, in Washington, D.C. This meeting represents a critical moment for Ghana, as the outcome could have significant implications for the nation's economic trajectory. Ghana Meets All Conditions Ahead of Review Sources close to the proceedings indicate that Ghana has successfully met all conditions crucial for this upcoming review. This positions the…

Ghana's Inflation Trends: A Positive Shift Recent data from the Ghana Statistical Service indicates a significant decrease in annual inflation, which saw a sharp drop to 13.7% in June, a notable change from the preceding figure of 18.4% in May. This development marks the sixth consecutive month of decline and represents the lowest inflation rate recorded since late 2020. On the bustling streets of Accra, the cedi has held steady at 10.35 to the dollar as of 10:19 a.m. this morning. Observing the currency's…

The Bank of Ghana (BoG) has recently taken a significant step forward by disbursing $20 million to ten Bulk Oil Distribution Companies (BDCs). This initiative, part of a strategic foreign exchange (FX) forward auction, underscores the central bank’s continuous commitment to stabilizing the Ghanaian cedi and securing reliable fuel supplies in the country. As we reflect on these collective efforts, one has to wonder: how do such financial maneuvers influence our daily lives and the economy at large? Fixed Rate Auction: A…

Ghana, recognized as Africa’s premier gold producer, has increasingly attracted attention for its burgeoning illicit mining activities. Recent allegations point to the involvement of various Chinese nationals in these operations, stirring a complex debate that goes beyond surface-level accusations. On one side of this contentious issue, many Ghanaians have directed their grievances towards these Chinese actors, blaming them for aggravating the current illegal mining crisis. However, in a counterpoint that raises…

Recent statistics from Numbeo have revealed that Ghana stands at 12th among 23 African nations grappling with a high cost of living. This data prompts us to explore not just the numbers, but the real implications these figures hold for the everyday lives of Ghanaians. The Cost of Living Index in Ghana is reported at 30.6, broken down further into specific categories: rent is measured at 12.1, while essential groceries are sitting at 33.3. Interestingly, despite the high cost of living, Ghana has recorded five…

Emerging Challenges in U.S.-Ghana Relations In a recent press briefing on June 26, Ghana’s Foreign Affairs Minister, Samuel Okudzeto Ablakwa, shed light on a pressing issue that has surfaced between Ghana and the United States. The revelation that around 21% of Ghanaian students in the U.S. have overstayed their visas—a figure that surpasses the acceptable limit of 15%—has raised some serious eyebrows. This alarming statistic was confirmed by U.S. authorities, causing palpable concern within the Ghanaian government and…

The recently unveiled 2024 Africa Trade Report has provided compelling insights into the evolving trade landscape during the 32nd Afreximbank Annual Meetings held in Abuja, Nigeria. It's fascinating to see such a deep dive into data that not only tracks economic progress but also reflects a broader narrative about Africa's potential. This year, the report indicates a slight uptick in trade figures compared to 2023, which is a step in the right direction for the continent. It encompasses both exports and imports…

Ghana is embarking on a transformative journey, one that could reshape its economic landscape for years to come. Recently, the country secured a vital agreement aimed at facilitating continued disbursements under a $3 billion International Monetary Fund (IMF) bailout package. This initiative is crucial, especially as Ghana grapples with the most serious economic challenges it has faced in decades. As the saying goes, "The only way out is through." But what does that pathway look like for Ghana? Known as the…

Accra’s Call for a Sustainable Future: Dr. Muhammed's Vision During his compelling address at the Environmental Sustainability Summit in Accra on June 24, 2025, Dr. Muhammed captivated the audience with a stark reminder of an urgent challenge facing the nation: the escalating reliance on harmful plastic products. He asserted the necessity of shifting towards sustainable, locally-produced alternatives, urging both government actors and citizens to take part in this significant transition. It’s a call that resonates…

The Minister of State for Government Communications, Felix Kwakye Ofosu, recently announced a significant spending cut at the Jubilee House. President John Dramani Mahama has decided to eliminate all paid television subscriptions, leading to an impressive monthly saving of GH₵120,000, roughly translating to $12,000. Such a move not only highlights a keen awareness of fiscal responsibility but also sets a precedent for public administration in Ghana. In an insightful interview with the Ghana Broadcasting Corporation (GBC),…