Business

The Ghana Revenue Authority (GRA) has raised concerns over persistent value-added tax (VAT) compliance challenges among businesses, with some firms allegedly collecting the tax from customers but failing to remit the proceeds to the government. Commissioner-General of the GRA, Anthony Kwasi Sarpong, said the situation remains a significant challenge to Ghana’s efforts to improve domestic revenue mobilisation. Speaking at the …

Ghana’s producer price inflation increased to 4.0% year-on-year in July 2026, up from 3.5% in June, driven largely by rising gold prices and continued increases in utility costs. Data from the Ghana Statistical Service (GSS) show that producer prices rose by 2.0% month-on-month in July, reversing the 3.7% decline recorded in June. The Producer Price Index (PPI) also increased to …

An Economist Dr Paul Appiah-Konadu has admonished Ghana to develop the discipline to manage its economy responsibly without relying permanently on the International Monetary Fund (IMF). Magazines Speaking on the Breakfast Today show on Dreamz FM, Dr Appiah-Konadu said Ghana’s recent economic stability must be used as a foundation to build a resilient economy capable of withstanding external shocks. “we …

The International Monetary Fund (IMF) has revealed that the Bank of Ghana’s Domestic Gold Purchase Programme (DGPP) recorded losses exceeding $1.7 billion in 2025, despite significantly strengthening the country’s foreign exchange reserves and supporting the appreciation of the Cedi. In its 2026 Article IV Consultation and proposed Policy Coordination Instrument (PCI) report, the IMF said the DGPP had become the …

Ghana is expected to officially complete its International Monetary Fund (IMF) Extended Credit Facility (ECF) programme next week, pending approval of the country’s final review by the IMF Executive Board. The expected milestone follows what the government says has been significant progress in restoring macroeconomic stability, with improvements in inflation, economic growth, debt sustainability, exchange rate stability and fiscal performance. …

The government has earmarked GH¢400 million for the acquisition of high-capacity buses to strengthen Ghana’s public transport system and improve commuter services across the country. Finance Minister Dr. Cassiel Ato Forson announced the allocation while presenting the 2026 Mid-Year Budget Review in Parliament on Thursday, July 23. He said the funds will be used to expand the fleets of state-owned …

Finance Minister Dr. Cassiel Ato Forson has announced that work has commenced on 87 projects under the government’s flagship Big Push Infrastructure Programme, describing it as one of the country’s most ambitious investments in transport infrastructure in recent years. Presenting the 2026 Mid-Year Budget Review in Parliament on Thursday, July 23, Dr. Ato Forson said the programme is being rolled …

Finance Minister Dr. Cassiel Ato Forson has outlined billions of cedis in government spending across key sectors, rejecting claims that the government is failing to inject sufficient resources into the economy. The disclosure comes amid criticism from the opposition New Patriotic Party (NPP), which has argued that the government’s fiscal policies have yet to translate into meaningful economic relief for …

The government will construct 10 new secondary schools and rehabilitate 150 existing schools under a US$300 million World Bank-funded initiative aimed at expanding infrastructure and improving the quality of secondary education across Ghana, Finance Minister Dr. Cassiel Ato Forson has announced. Presenting the 2026 Mid-Year Budget Review in Parliament on Thursday, July 23, Dr. Ato Forson said the investment forms …

The government will introduce statutory time limits for goods kept in bonded warehouses as part of efforts to curb abuse of the warehousing system, improve customs administration and boost domestic revenue collection, Finance Minister Dr. Cassiel Ato Forson has announced. Presenting the 2026 Mid-Year Budget Review in Parliament on Thursday, July 23, Dr. Ato Forson said the reforms are intended …