Business

Minister of Finance Dr. Cassiel Ato Baah Forson has announced a dramatic improvement in the financial performance of the Electricity Company of Ghana (ECG), revealing that the company’s monthly revenue has surged by 90 percent, rising from GH¢900 million to GH¢1.7 billion. Presenting the 2026 Budget Statement to Parliament on Thursday, November 13, 2025, Dr. Forson said the impressive increase …

Finance Minister Dr. Cassiel Ato Forson has revealed a massive and systemic abuse of Ghana’s Import Declaration Forms (IDFs), describing the scheme as a major source of financial leakage that has drained the country’s reserves, destabilised the cedi, and deprived the state of critical development funds. Presenting the 2026 Budget Statement to Parliament on Thursday, November 13, Dr. Forson said …

Ghana’s public debt has fallen significantly, marking one of the steepest declines in the nation’s recent history, according to the Minister for Finance. Presenting the 2026 Budget Statement to Parliament on Thursday, November 13, the Minister revealed that the country’s total public debt had dropped by nearly GHS100 billion within a year. According to the budget presentation, Ghana’s debt stock …

Finance Minister Dr. Cassiel Ato Forson has dismissed suggestions that the abolition of the Electronic Transfer Levy (E-Levy) has weakened government revenue, insisting that Ghana’s fiscal performance remains solid despite the policy change. Presenting the 2026 Budget Statement to Parliament on Thursday, November 13, Dr. Forson said the decision to scrap the levy was intended to relieve financial pressure on …

Ghana’s fixed-income market is fast establishing itself as one of Africa’s most credible and resilient bond platforms, recording a total turnover of GHS214 billion so far in 2025. According to the Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, the milestone marks not only a recovery from Ghana’s recent debt crisis but also the dawn of a new …

The Bank of Ghana (BoG) has introduced a new Foreign Exchange (FX) Operations Framework aimed at enhancing transparency, strengthening market confidence, and ensuring greater stability in the country’s foreign exchange market. The framework, approved by the BoG Board, represents a major policy shift that clarifies the objectives, principles, and operational procedures guiding the central bank’s FX interventions. It adopts a …

By Adoa News, November 11, 2025 Some labour unions have expressed deep disappointment over the 9 percent salary increase announced for all public sector workers under the Single Spine Salary Structure (SSSS) for the 2026 fiscal year. The unions, including branches of the Senior Staff Association of Universities of Ghana (SSA-UoG) and the Teachers and Educational Workers’ Union (TEWU) of …

Ghana’s inflation rate has fallen to 8.0% in October 2025, marking the lowest level since June 2021 and continuing a tenth consecutive month of decline. According to the Ghana Statistical Service (GSS), this represents a 1.4 percentage point drop from September’s 9.4% and a sharp improvement from the 23.8% recorded in December 2024, highlighting the easing of price pressures in …

As Ghana marks 60 years of its national currency, the Minority in Parliament has called for former President Nana Addo Dankwa Akufo-Addo to be acknowledged for his contributions to the stability of the Ghana Cedi. The Bank of Ghana on Tuesday, October 28, 2025, launched a year-long celebration of the milestone at the Accra International Conference Centre, under the theme: …

The Minister for Finance, Dr. Cassiel Ato Forson, has cautioned businesses and the general public against trading or pricing goods and services in foreign currencies, particularly the US dollar, stressing that the Ghana cedi remains the country’s only legal tender. Speaking at the official launch of the Cedi@60 celebration in Accra, Dr. Forson urged Ghanaians to demonstrate patriotism by preserving …