The Institute of Economic Affairs (IEA) says Ghana has made significant progress in restoring macroeconomic stability but must now shift its focus towards economic transformation, job creation and stronger productive sectors. In an assessment of the 2026 Mid-Year Budget Review, the IEA said the economy recorded 6.4% GDP growth in the first quarter of 2026,…
For decades, China’s economic growth was concentrated along its eastern coastline, where major cities such as Shanghai, Shenzhen and Guangzhou became centers of manufacturing, trade and investment. But as China faces slower economic growth, a prolonged property-sector downturn and growing geopolitical tensions, Beijing is increasingly turning its attention toward the country’s vast western interior. At…
A four-month-old baby remains missing nearly two months after the devastating June 29 floods that affected communities across seven regions, Interior Minister Muntaka Mubarak Mohammed has disclosed. The baby is the only person still officially reported missing following the disaster, which claimed 39 lives and affected 91,989 people from 18,398 households across 77 districts. Speaking…
The Ghana Gold Board (GoldBod) has rejected a claim by Tano North MP and Deputy Ranking Member on Parliament’s Finance Committee, Dr Gideon Boako, that it owes the Bank of Ghana (BoG) an unpaid overdraft of about GH¢1 billion. GoldBod described the claim as “totally false” and accused Dr Boako of engaging in what it…
Elon Musk’s business empire has reached another major financial milestone, with SpaceX now valued above Tesla, putting two companies led by the billionaire among the world’s trillion-dollar businesses. SpaceX entered public markets in June 2026 at a valuation of roughly $1.75 trillion, following a record-breaking initial public offering. Reuters reported that the IPO was designed…
Africa’s creator economy is becoming a bigger part of the continent’s digital business landscape, with the market estimated to have grown from about $3.08 billion in 2023 to nearly $4 billion in 2024. Based on the industry’s reported annual growth rate of approximately 28.5%, the African creator economy could have reached around $5.1 billion in…
The global influencer marketing industry continued its rapid expansion in 2025, with the market estimated at around $32.6 billion, up significantly from approximately $24 billion in 2024. The growth highlights how social-media creators have moved beyond being used mainly for promotional campaigns and are increasingly becoming an important part of how companies reach consumers, launch…
Ghana ranked sixth among the world’s largest gold-producing countries in 2025, producing 185 tonnes of gold, the Ghana Chamber of Mines has disclosed. The ranking represents an improvement from Ghana’s traditional seventh position, with the country overtaking the United States following an increase in domestic production and a decline in US output. Director of Analysis,…
Ghana has recorded US$2.62 billion in Foreign Direct Investment (FDI) in 2025, underscoring the country’s resilience and attractiveness as a preferred investment destination despite evolving global economic conditions. The findings, contained in the newly launched 2025 Annual Investment Report, show that investment activity remained robust across key sectors of the economy, driven by both new…
The Minister for Roads and Highways, Governs Kwame Agbodza, has disclosed that the government is considering reporting two quantity surveyors to the Economic and Organised Crime Office (EOCO) over alleged attempts to inflate compensation claims for properties affected by road projects. According to him, some surveyors allegedly encourage project-affected persons to reject government valuations and…
