Spain Ghana CC

Ghana remains vulnerable to global shocks — World Bank

The country remains highly vulnerable to global shocks due to the oil-driven economic growth and debt accumulation over the past decade, a new World Bank report on Ghana’s public finance review has established.  The report said the country’s economic growth over the past decade had been driven by oil production and debt accumulation, making the […]

IMF reaffirms global stability mandate amid shifts in US policy

The International Monetary Fund (IMF) has reiterated its commitment to maintaining global economic and financial stability, emphasizing its role in fostering international cooperation despite shifting geopolitical dynamics. The comment comes as the new Donald Trump administration in the United States advances its “America First” agenda, a strategy that has seen the country reconsider its involvement […]

Stop mining in water bodies or face action – Amoakohene warns galamseyers

Ashanti Regional Minister Dr. Frank Amoakohene has given illegal miners a two-week ultimatum to vacate water bodies and forest reserves, reaffirming the government’s commitment to tackling the menace. According to the Minister, the Ashanti Regional Coordinating Council will deploy a team to enforce the directive and halt mining activities in these protected areas. Speaking at […]

Government to reintroduce road and bridge tolls with modernised system

The Ministry of Roads and Highways has announced plans to reintroduce road and bridge tolls as part of efforts to generate revenue for road maintenance and infrastructure development. In a statement issued on Thursday, February 6, 2025, the Ministry indicated that the new tolling system would be technologically driven and designed to enhance efficiency, transparency, […]

Ghana saves $2.86bn in debt service relief as it secures final MoU with Official Creditors

The Government of Ghana has formalized a crucial debt treatment agreement with its Official Creditors Committee (OCC) by signing a Memorandum of Understanding (MoU), a significant step towards restoring long-term debt sustainability. The agreement, co-chaired by China and France, was disclosed in a statement from the Ministry of Finance dated January 29, 2025. This milestone […]

Decentralise PPPs to unlock Ghana’s devt — Former boss

The former Head of Public Private Partnerships (PPP) at the Ministry of Roads and Highways, Engineer Philip Lartey, has emphasised the need to decentralise PPPs to accelerate Ghana’s development. To realise this, he suggested to the Ministry of Finance to build the capacity of Metropolitan, Municipal and District Assemblies (MMDAs)  to gain a better understanding […]

Crucial MPC meeting begins today — Policy rate to dominate discussions

The Monetary Policy Committee (MPC) of the Bank of Ghana will begin its first meeting for the year today, to consider developments in the global economy, domestic economic conditions and deliberate on the appropriate monetary policy stance. With the policy rate at 27 per cent and inflation closing the year at 23.8 per cent as […]

Ghana drops to 5th position in Africa with highest outstanding debt to IMF

Ghana dropped one place to the 5th position in Africa with the highest outstanding debt to the International Monetary Fund as of January 22, 2025, a report from the Fund has revealed. The country’s total indebtedness to the IMF stood at 2.514 billion Special Drawing Rights, equivalent to $3.293 billion. Egypt retained its first position in […]

Digital economy key to Africa’s future: World Economic Forum 

The 2025 World Economic Forum (WEF) has underscored the pivotal role of digitalisation in Africa’s economic transformation, declaring the digital economy as indispensable for the continent’s development. During a four-day summit, attended by over 60 world leaders and global economic giants, discussions centred on pressing global issues such as economic growth, climate change, and emerging […]

Peasant farmers urge Agric Minister-designate to reform sector with irrigation systems

The Peasant Farmers Association of Ghana (PFAG) has called on the Minister-designate for Food and Agriculture, Eric Opoku, to prioritise the development of robust irrigation systems to combat the growing effects of climate change on agriculture. National president of PFAG, Wepia Adugwala believes sustainable food production in Ghana can no longer rely on traditional rain-fed […]