Ghanas

Ghana, an enchanting land rich in culture and diversity, is witnessing a silver lining in its economic landscape. As the curtains drawn by its annual consumer inflation rate gradually lift, the spectacle of positive change is increasingly apparent. Over the past three months, the inflation rate has demonstrated a promising downward trajectory. Mar 2025 stands as a testament to this trend, with the inflation rate dipping to 22.4%, a subtle yet critical improvement from February’s 23.1%, according to meticulous…

In the evolving narrative of national economic transformation, Ghana has embarked on a pivotal two-week review. This review, set to unfold from April 2 to April 15, strives to assess the nation’s strides in implementing crucial structural reforms while reviewing its fiscal performance for the looming horizon of 2024. In the intricate dance of global economics, the stakes are high, and the questions reverberate – how will Ghana manage its course, and who will be the stakeholders charting the way? Focus on…

The landscape of Ghana's public debt has shown its fair share of ups and downs, much like an ever-changing mountain range where one peak descends as another ascends. As of December 2024, a notable drop by GH¢15.8 billion in the total public debt was evident, bringing the debt stock to an imposing GH¢726.7 billion. This insight comes to us via the Bank of Ghana's March 2025 Summary of Financial and Economic Data. Reflecting on this adjustment, one might ask—what factors orchestrated this financial dance downward…

In today's ever-evolving landscape of financial technology, it's easy to get swept up in the whirlwind of innovation. However, behind the scenes, regulators are working diligently to ensure that these technological advancements do not outpace the safety nets put in place to protect consumers and maintain market integrity. A recent development in this field involves MobileMoney Limited, the company that operates MTN MoMo. The central bank released a statement, noting, "MobileMoney Limited has not been authorised to carry out…

During a recent Stanbic Economic Series webinar, cloaked under the theme of "The Economy under a New Era", Mr. Qureishi unfolded a tapestry of insightful analysis and bold predictions about Ghana’s economic landscape. The discussion was a captivating dive into key growth drivers and structural risks that hover like spectres over the country's economic future. One might wonder, amidst global uncertainties, what fuels this optimism? Strong Recovery in 2024 Sets Stage for 2025 Ghana's…

With a canvas that paints the vibrant economic landscape of Ghana in 2024, the nation has remarkably exceeded expectations. According to the latest Ghana Statistical Service (GSS) Trade Report, Ghana ended up with a trade surplus of GH₵44.7 billion, considerably overshooting the import bill of GH₵250.2 billion. This prompts the question: What's driving such growth, and more importantly, what's next for Ghana? Gold, Petroleum, and Cocoa dominate exports A deep dive into the report…

At a recent press gathering, following a pivotal meeting, former Ghanaian President John Mahama brought to light some crucial issues surrounding regional integration. He emphasized the thoughtful deliberations focused on the African Economic Community (AEC) and the Economic Community of West African States (ECOWAS). In an era where global connections are paramount, how can these regional bodies enhance their roles? "I have gained a fresh…

Ghana's Inflation: A Trending Descend and Economic Implications For the first time in five tumultuous months, the economic climate of Ghana has shown a glimmer of relief as inflation begins to step back. This development emerges shortly after the country's recent political journey, as incumbent president John Mahama seized victory once again. One might wonder, can political stability foster economic ease? February brought a breath of fresh air to the West…

In the vast, ever-evolving landscape of African economies, a quiet resilience often dominates the narrative. While major players like South Africa and Nigeria have been grappling with economic challenges and currency depreciation, Ghana, with its fortitude, presents a compelling case study in banking resilience. As the world turns its gaze towards West Africa, Ghanaian banks stand firm, holding strong Tier 1 capital positions that inspire confidence and stability. Performance of…

The Remarkable Gems: Ghana's Mineral Wealth Nestled in the heart of West Africa, Ghana is a symphony of cultural richness and natural resources. Yet, beneath this vibrant landscape lies something equally compelling—a treasure trove of minerals that contributes profoundly to the nation's economy. But, beyond mere numbers, what is the story told by these minerals? Let's delve into the geology of Ghana to uncover its most precious treasures. The Golden Triumph Who hasn't heard of Ghana's illustrious…