News
China hits 2025 economic growth target as exports boom
2+ hour, 28+ min ago (298+ words) China's economy grew by 5% last year, as record exports helped the world's second-largest economy meet its annual target. Beijing had set a goal of "around 5%" economic growth in 2025, despite struggles to boost domestic spending and a prolonged property crisis. China…...
Nigeria to revise inflation reporting after artificial spike expected in December
4+ day, 45+ min ago (292+ words) Nigeria's National Bureau of Statistics (NBS) will change the way it calculates inflation as last year's rebasing measure could make December's year-on-year inflation appear artificially high, the agency said on Tuesday. The rebasing, the first in 15 years, set December 2024 as…...
Commercial banks begin Interest rate cuts following Ghana Reference Rate reduction
6+ day, 20+ hour ago (413+ words) Commercial banks have begun reducing interest rates on both existing and new loan facilities following the recent cut in the Ghana Reference Rate (GRR). Chief Executive Officer of the Ghana Association of Banks, John Awuah, says the adjustment has become…...
GoldBod emerges as strategic tool for forex stability and economic resilience – Report
6+ day, 22+ hour ago (274+ words) A new policy paper assessing the macroeconomic effects of Ghana's Gold Board (GoldBod) has identified the institution as a critical instrument for stabilising the economy, strengthening foreign exchange reserves, and improving the management of the country's gold resources. The report…...
The net economic effect of recent policy changes in Ghana (2024–2026)
1+ week, 1+ day ago (394+ words) The Ghanaian economy is currently navigating a critical phase of recovery, marked by a decisive shift towards fiscal consolidation and monetary easing. The net effect of recent policy changes specifically; the increase in utility tariffs, stabilization of the cedi, reduction…...
Ghana Reference Rate for January drops to 15.68%; interest rates set to decline
1+ week, 3+ day ago (407+ words) The Ghana Reference Rate (GRR), a key benchmark used by commercial banks to price loans, has fallen marginally for January 2026. Data from the Ghana Association of Banks shows the rate dropped from 15.9% in December 2025 to 15.68%, effective January 7, 2026. The decline was…...
Exchange rate stability key to business planning, says Bright Simons
1+ week, 5+ day ago (254+ words) Vice President of IMANI Africa, Bright Simons, has highlighted the need for a stable exchange rate, describing it as a critical factor for effective business planning and sustained private sector growth. According to Mr Simons, persistent volatility in the cedi…...
Resetting Ghana’s Economy: The 20 reforms and achievements that defined 2025
2+ week, 1+ day ago (578+ words) The year 2025 will go down in Ghana's economic history as the year the reset truly began. What follows are the 20 key macroeconomic achievements and reforms implemented in 2025 that together reset Ghana's economy. 1. GDP expanded by 6.1% in the first three quarters…...
Goldbod's gold strategy has anchored currency stability and economic confidence – Senyo Hosi
2+ week, 4+ day ago (193+ words) Senyo K. Hosi, Entrepreneur, Finance & Economic Policy Analyst, says Ghana's improved currency stability in 2025 is closely linked to the success of the GOLDBOD-operated Domestic Gold Purchase Programme, which has strengthened confidence in the economy. He explains that by channeling gold exports…...
Trade Minister confident of continued gains in 2026
3+ week, 3+ day ago (421+ words) Minister of Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, has expressed confidence that the Ministry will record steady gains in 2026 to support economic growth. She said achieving that objective would depend on sustained collaboration, mutual respect, and a shared sense of…...