Finance Minister Dr Cassiel Ato Forson has called for a decisive break with the economic patterns that have held Ghana back, saying the country must now build on stabilisation to secure lasting prosperity. Speaking during his New Economy engagement with faculty and students at the University of Ghana, Dr Forson said Ghana had reached a…
Ghana’s economy expanded by 6.0% year-on-year in the second quarter of 2026, with the information, communication and technology sector emerging as the strongest engine of growth, according to official data released on Wednesday. The latest figures point to an economy that is gradually moving further away from the deep instability of the debt crisis, but…
Ghana is taking a harder line on how artisanal gold leaves the country, with the GoldBod directing self-financing aggregators to refine gold dore locally before it can be exported from September 1. The new requirement marks another significant step in the government’s effort to capture more value from Ghana’s gold resources at home rather than…
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…
Ghana’s economic recovery is becoming increasingly entrenched, with stronger fiscal outcomes, moderating inflation, improving external buffers and resilient economic growth providing renewed confidence for businesses and investors, according to EY’s latest assessment of the Government’s 2026 Mid-Year Budget Review. The analysis, published in 2026 Mid-Year Budget Insights, notes that Ghana has made significant progress in…
Ghana recorded a strong performance in international merchandise trade in 2025, posting a trade surplus of GH¢148.3 billion (US$11.5 billion), more than three times the surplus recorded in 2024, driven largely by gold exports and expanding trade relations across global markets. The latest Annual International Merchandise Trade Statistics Report released by the Ghana Statistical Service…
The Government is advancing plans to develop a modular gas processing facility and a 1,200- megawatt state-owned gas-fired power plant. The projects are intended to strengthen energy security, expand electricity generation capacity and reduce power generation costs. Presenting the 2026 Mid-Year Budget Review to Parliament on Thursday, Dr Cassiel Ato Forson, Minister of Finance and…
Students of the University of Ghana have observed first-hand how the Bank of Ghana’s (BOG) Monetary Policy Committee (MPC) determines the country’s benchmark interest rate. The students participated in the 131st MPC meeting, where they were introduced to Ghana’s monetary policy framework, the role of the Committee, and attended technical presentations underpinning its deliberations. Dr…
Ghana’s export earnings have surged to a record $18.2 billion for the first six months of 2026, driven largely by strong gold proceeds. The latest Summary of Economic and Financial Data released by the Bank of Ghana shows that total exports at the end of June 2026 increased significantly from the $13.7 billion recorded during…
