Reserves Up, Cedi Down
Foreign exchange (FX) reserves climbed to their highest level in more than a year in May, but the gains have yet to halt pressure on the cedi as rising corporate….
Category: Business
Banking Reforms Incomplete, State-Owned Banks Under Watch – IMF Warns
The International Monetary Fund (IMF) has warned that Ghana’s banking sector reforms remain incomplete, despite what it describes as significant improvements in overall sector stability under the country’s ongoing economic….
Oil Prices Slide On Hopes Of US-Iran Peace Deal
Oil prices have fallen sharply, and Asian stock markets have risen on hopes of a deal that could bring an end to the US-Israel war with Iran. On Saturday, US….
Demand Proof Of Identity From Tenants – GIS To Landlords
The Ghana Immigration Service (GIS) has urged landlords across the country to request proof of identity from prospective tenants before renting accommodation to them, saying the measure would help establish….
Ghana Records ¢493.2B In Mobile Money Transactions In April
The value of mobile money transactions in Ghana rose to GH¢493.2 billion in April 2026, according to the latest Summary of Economic and Financial Data for May 2026 released by….
Cedi Depreciates 8.4% Against Dollar As Inflation Falls To 3.4% – Bank Of Ghana Data
The Ghana cedi recorded a year-to-date depreciation of 8.4 per cent against the United States dollar by mid-May 2026, even as macroeconomic stability continued to take hold and inflationary pressures….
Ghana’s Public Debt Hits GH¢674.1Bn As Of February 2026
Ghana’s public debt stock increased to GH¢674.1 billion as of February 2026. This is equivalent to 42.2% of Gross Domestic Product (GDP). In dollar term, the public debt stock stood….
Oil Falls After Trump Says US Will End Iran War ‘Very Quickly’
Oil prices eased on Wednesday after U.S. President Donald Trump again asserted the war with Iran will end “very quickly”, though investors remain wary about the outcome of peace talks amid….
Meet Ghana’s New Richest Stockholder
Business tycoon and founder of oil marketing company ZEN Petroleum, William Tewiah, has emerged as the richest individual shareholder in the history of the Ghana Stock Exchange (GSE), following a….
Banks Face Pressure To Expand Lending
The Bank of Ghana has raised concerns over the effectiveness of monetary policy transmission and the banking sector’s ability to support private sector activity, even as the economy records improving macroeconomic conditions….