The government is targeting total petroleum revenue of approximately US$1.5 billion by the end of 2026, up from the initial projection of US$985 million contained in the 2026 Budget. Finance Minister Dr. Cassiel Ato Forson disclosed this in an interview with Bloomberg in London. According to him, the upward revision is driven by the increase…
The Ghana Gold Board (GoldBod) has signed a refinery agreement with Royal Ghana Gold Refinery Limited to refine gold locally as part of the government’s agenda to end the export of raw minerals by 2030. Under the deal, GoldBod will supply up to one tonne of gold weekly for refining, marking its second refinery partnership…
The Ghana Education Trust Fund (GETFund), led by its Administrator, Paul Adjei, has paid a working visit to the Asantehene, Otumfuo Osei Tutu II, to brief him on the award of a GH¢400 million contract for the procurement of modern medical equipment for the new KNUST Teaching Hospital and to provide updates on efforts by…
Ghana has successfully concluded its Extended Credit Facility programme with the International Monetary Fund ahead of schedule, achieving macroeconomic stability and debt sustainability, according to the government, which said the administration of President John Dramani Mahama restored the programme through fiscal consolidation, expenditure rationalisation and structural reforms after it veered off track in late 2024;…
The Bank of Ghana’s (BoG) 2025 Annual Report, which recorded a GH¢15.63 billion operating loss, GH¢34.95 billion total comprehensive loss and a widening negative equity position of GH¢96.3 billion, has sparked debate among critics; however, analysts argue the figures must be understood in broader global and policy context. Central banks such as the European Central…
The National Food Buffer Stock Company says it needs at least GH¢770 million to mop up the surplus rice produced in the 2025 – 2026 farming season. Senior Manager for Corporate Affairs, Emmanuel Arthur, disclosed this on the sidelines of a stakeholder engagement on the Ghana Rice Policy. Speaking on Citi Fm, Mr Arthur said…
Seidu Issifu said an estimated $22.6 billion will be needed by Ghana to address climate-related challenges and implement sustainable measures to protect vulnerable communities and enhance environmental resilience. The minister said the scale of the climate crisis and the huge cost of adaptation and mitigation interventions made it impossible for Ghana to fund the interventions…
Gideon Boako has accused the Bank of Ghana of hiding its insolvency in the 2025 financial statements by using accounting maneuvers, describing the move as a “accounting gimmick”. “The Bank improved its reported solvency position mainly through adjustments that inflated income figures, especially proceeds from gold sales, which he argued should not be treated as…
An International Monetary Fund (IMF) staff mission is scheduled to arrive in Accra on April 29, 2026, for Ghana’s sixth and final review under its Extended Credit Facility programme, with formal engagements expected to begin on April 30 and last about two weeks as part of preparations for Ghana’s planned exit in August 2026. The…
Egg sellers at the Kantamanto Market in Accra are having a hard time because there aren’t enough people buying eggs, so a lot of them go bad. Some traders, who have been in the business for decades, say that the problem is caused by too much supply, which is partly due to fewer bulk purchases…
