Business

Barely a year after Ghana’s gold-led economic recovery earned plaudits as one of West Africa’s most remarkable turnarounds, the institution at the heart of that transformation—the Ghana Gold Board (GoldBod) is now navigating a fundamentally changed operating environment. From 1 July 2026, the Bank of Ghana ceased pre-financing GoldBod’s gold purchases, transferring all remaining Domestic Gold Purchase Programme activities and …

The World Bank says 56.4% of Ghanaians continue to live in poverty despite recent economic growth, with widening disparities across regions pointing to a gap between the country’s economic performance and the living conditions of many citizens. Speaking at the launch of the World Bank Group’s 10th Ghana Economic Update, World Bank Division Director for Ghana, Liberia and Sierra Leone, …

(Credit: Citi FM / Channel One TV) ACCRA – The International Monetary Fund (IMF) has attributed recent improvements in the fiscal performance of Ghana’s energy sector to a combination of exchange rate stability, improved domestic revenue collection, and strategic energy management.Speaking in an interview on The Point of View on Channel One TV (operated by Citi FM), the IMF Resident …

(Credit: Citi FM / Channel One TV – Citinewsroom) ACCRA – The International Monetary Fund (IMF) has lauded Ghana’s economic turnaround, describing the country’s recovery trajectory as “quite impressive” and noting that key macroeconomic indicators have significantly outperformed initial baseline projections set under the $3 billion Extended Credit Facility (ECF) program.Speaking on The Point of View on Channel One TV …

Story by Isaac Mortey Months after the Ghana Gold Board (GoldBod) rolled out its licensing regime for goldsmiths and jewellers, a significant number of practitioners across the country have still not been able to access the platform, according to Kwabena Asomaning, Administrator of the Federation of Ghana Goldsmiths and Jewellers Association. Asomaning said the barrier is not one of willingness …

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. …