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Follow the latest Ghana business and economy news: the cedi, inflation, companies, banking, and trade. Coverage is curated from Ghana's leading newsrooms and kept current through the day, newest first.

IMF Praises Ghana's Domestic Gold Purchasing Programme for Economic Stability
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IMF Praises Ghana's Domestic Gold Purchasing Programme for Economic Stability

The International Monetary Fund (IMF) has lauded Ghana's Domestic Gold Purchasing Programme (DGPP), initiated in 2022 by former Vice President Dr. Mahamudu Bawumia, for its significant contributions to the country's economic stability during a challenging period. The programme has successfully increased Ghana's gold reserves from 8 tonnes to 30 tonnes over two years, which has positively impacted the value of the Ghanaian Cedi, reducing it from nearly 17 to 14 by 2024. This improvement has also contributed to lowering inflation and fuel prices. While the IMF acknowledged the programme's role in bolstering international reserves, it urged for enhanced transparency and risk management in light of recent losses associated with the initiative.

South Africa to Lead High-Profile Delegation at World Economic Forum 2026 in Davos
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South Africa to Lead High-Profile Delegation at World Economic Forum 2026 in Davos

South Africa is set to showcase its recent economic achievements and readiness for global partnerships at the World Economic Forum (WEF) in Davos from January 19 to 23, 2026. The delegation, led by Finance Minister Enoch Godongwana, includes key government officials and private sector leaders, reflecting a united front aimed at attracting international investment. This participation follows significant milestones, including the successful hosting of the G20 Summit, a credit rating upgrade from Standard & Poor’s, and removal from the FATF greylist, which enhances the country’s regulatory appeal. The South African delegation will highlight advancements in various sectors, particularly in energy stability, where the country has reported a sustained 300 days without load shedding, and improvements in renewable energy projects. Discussions at the forum will focus on South Africa's economic reforms, digital innovation, and opportunities under the African Continental Free Trade Agreement (AfCFTA). Events planned during the WEF will also showcase South African culture and hospitality, reinforcing the nation’s commitment to fostering global partnerships and economic growth. The presence of Team South Africa at an official site in Davos underscores its strategic positioning as a vital player in global economic discourse, particularly regarding energy transition and industrial supply chains.

Francisca Asiedu: Pioneering Youth Empowerment in Agriculture Through Digital Skills
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Francisca Asiedu: Pioneering Youth Empowerment in Agriculture Through Digital Skills

Francisca Asiedu, a former journalist, has transformed her career by advocating for youth involvement in agriculture in Ghana. Inspired by witnessing young graduates protesting for jobs, she established Eco Harvest Farm & Hub on her family's land, which has expanded to 25 acres producing various crops and livestock. To enhance her business acumen, Asiedu participated in a training program organized by the Telecel Ghana Foundation and Wan-Hive Ghana, focusing on digital and financial skills tailored for women in agribusiness. This program equipped her with essential marketing tools and strategies to improve her farm's visibility and financial management. Asiedu is also dedicated to reshaping perceptions of agriculture among the youth. She runs educational Farm Clubs in schools, aiming to introduce agricultural concepts and demonstrate that farming can be a viable and lucrative career path for younger generations. By integrating technology into farming practices, she hopes to inspire more young people to explore opportunities in this vital sector, emphasizing that modern agriculture is not just for the older generation but a promising field for the youth of Ghana.

Ghana Implements Major Mining Reforms and GOIL Reduces Fuel Prices to Alleviate Economic Burden
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Ghana Implements Major Mining Reforms and GOIL Reduces Fuel Prices to Alleviate Economic Burden

Ghana is set to undergo significant reforms in its mining sector, including the elimination of long-term investment stability agreements and a substantial increase in royalties. The acting CEO of the Minerals Commission, Isaac Tandoh, announced that the new royalty rates will start at 9%, potentially rising to 12% if gold prices exceed $4,500 per ounce. This move aims to enhance government revenue from the booming gold market while ensuring that the benefits of mining are more equitably shared with local communities. The proposed changes will affect major mining companies such as Newmont, AngloGold Ashanti, and Gold Fields, as existing stability agreements will not be renewed. A draft bill detailing these reforms is expected to be presented to Parliament by March 2025. In a separate development, GOIL PLC has reduced fuel prices at 150 of its outlets across Ghana, with petrol now priced at GH¢9.99 per litre and diesel at GH¢11.21 per litre. This initiative aims to ease transportation costs for commuters and traders, reflecting recent economic improvements. GOIL's pricing strategy is designed to support national development and provide economic relief to the public amidst rising living costs.

Ghana Publishing Company Faces Scrutiny Over Asset Valuation Amid Positive Economic Outlook
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Ghana Publishing Company Faces Scrutiny Over Asset Valuation Amid Positive Economic Outlook

The Ghana Publishing Company is embroiled in a public dispute regarding claims of a staggering 3,000% increase in its asset base for 2023. Former Managing Director David Asante attributed this growth to strong operational performance, while the current management, led by Nana Kwasi Boatey, refuted this assertion, clarifying that the increase primarily resulted from a revaluation of existing assets, particularly land and buildings, rather than new investments. Financial statements reveal that total assets surged from GHS 16 million in 2022 to GHS 104.4 million in 2023, with a revaluation gain of GHS 85.4 million accounting for the majority of this increase. The management emphasized that actual operational investments were only GHS 3.5 million, suggesting that the portrayal of the asset growth as a result of operational improvements is misleading. In a broader economic context, the International Monetary Fund (IMF) has expressed optimism regarding Ghana's economic recovery, particularly for 2025, citing fiscal discipline and stable monetary policies as key factors. Dr. Adrian Alter, the IMF Resident Representative in Ghana, noted that the country’s program with the IMF remains solid and on track, following the completion of its fifth review under the Extended Credit Facility (ECF). The IMF has disbursed approximately $2.8 billion under this program, supporting ongoing fiscal adjustments and policy reforms aimed at restoring stability after a prolonged economic crisis. With lower inflation rates and positive growth indicators, the IMF's continued engagement post-program exit is expected to bolster Ghana's economic prospects.

GOIL PLC Reduces Fuel Prices to Alleviate Transportation Costs in Ghana
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GOIL PLC Reduces Fuel Prices to Alleviate Transportation Costs in Ghana

GOIL PLC has announced a significant reduction in fuel prices at 150 of its 447 outlets across Ghana, aiming to ease transportation costs for citizens. The new prices are set at GH¢9.99 per litre for petrol (PMS) and GH¢11.21 per litre for diesel (AGO), marking the first return to single-digit petrol prices in nearly a decade. This initiative targets strategically selected stations near commercial vehicle terminals to benefit public transport operators and traders, reflecting GOIL's commitment to supporting national development amidst improving economic conditions. The company emphasizes that these reductions are part of broader socio-economic objectives, encouraging citizens, especially transport operators, to take advantage of the lower prices to support their operations and contribute to economic recovery. GOIL's pricing strategy is attributed to the positive impact of government policies under President John Dramani Mahama, which have fostered stability and growth in the economy.

Ghana's Economic Resilience: IMF Reports Strong Performance and Future Optimism
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Ghana's Economic Resilience: IMF Reports Strong Performance and Future Optimism

Ghana's economic performance in 2025 has exceeded expectations, as confirmed by Dr. Adrian Alter, the IMF Resident Representative. Following the successful completion of the fifth review under the Extended Credit Facility (ECF), the IMF Executive Board approved disbursements totaling approximately $2.8 billion, indicating confidence in Ghana's economic recovery. Key improvements in inflation, economic growth, and currency stability were noted, alongside advancements in debt restructuring efforts. Dr. Alter emphasized that all performance criteria were met, reflecting effective policy implementation despite public skepticism regarding the programme's effectiveness. The IMF's positive outlook is attributed to the government's commitment to fiscal discipline and strategic macroeconomic policies. Dr. Alter highlighted that 2025 is expected to be a strong year for Ghana, driven by coordinated efforts to stabilize the economy and enhance fiscal oversight. The Bank of Ghana's role in maintaining currency stability and improvements to the Fiscal Responsibility framework were also recognized as critical factors contributing to this optimistic assessment. In a related development, GOIL PLC has responded to improving economic conditions by reducing fuel prices at 150 of its outlets across Ghana. Petrol prices have returned to single digits at GH¢9.99 per litre, while diesel is priced at GH¢11.21 per litre, aimed at easing transportation costs and supporting socio-economic objectives. This move is expected to help lower transport fares and food prices, further contributing to the overall economic relief for Ghanaians. Overall, the IMF's assessment underscores Ghana's resilience and the effectiveness of its economic policies, paving the way for sustained recovery and growth in the coming years.

Intense Price Competition in Ghana's Petroleum Sector Benefits Consumers
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Intense Price Competition in Ghana's Petroleum Sector Benefits Consumers

The Chamber of Petroleum Consumers (COPEC) anticipates that the ongoing price competition among oil marketing companies (OMCs) in Ghana's downstream petroleum sector will continue into January's second pricing window. This follows significant price cuts initiated by major players such as Star Oil, GOIL, Shell, and TotalEnergies, which have led to reductions in petrol prices to GH¢10.56 per litre and diesel prices to GH¢11.56 per litre. COPEC's Executive Secretary, Duncan Amoah, emphasized that this price war is advantageous for consumers, alleviating previous concerns regarding potential collusion among OMCs in a deregulated market. The competitive pricing trend reflects a growing sensitivity among consumers and OMCs alike, with COPEC advocating for sustained competition to ensure affordability and consumer welfare across the nation. The organization hopes that these favorable pricing adjustments will persist, ultimately benefiting consumers throughout Ghana.

Ghana Reports Significant Decline in Cost of Living Due to Fuel and Import Price Cuts
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Ghana Reports Significant Decline in Cost of Living Due to Fuel and Import Price Cuts

Ghana has recorded a notable decline in the cost of living, attributed primarily to reductions in fuel prices and import costs, according to Felix Kwakye Ofosu, the Minister of State in charge of Government Communications. Speaking at a recent Government Accountability Series event, Ofosu highlighted that these changes have positively impacted households, making daily expenses more manageable. He urged citizens to acknowledge the tangible improvements in their lives, particularly in relation to lower fuel prices. Despite these advancements, he recognized ongoing structural challenges in balancing imports and exports. Nevertheless, Ofosu reaffirmed the government's commitment to sustaining these economic gains and striving for long-term stability and growth in the economy.

Ghana's Economic Growth at 3.8%: Risks and Opportunities Ahead
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Ghana's Economic Growth at 3.8%: Risks and Opportunities Ahead

Ghana's economy recorded a growth rate of 3.8% in October 2025, according to Government Statistician Dr. Alhassan Iddrisu. However, he warns that several underlying risks could impede future economic expansion. Key areas of concern include inflation, foreign exchange volatility, and energy supply stability, all of which are critical for maintaining investor confidence and fostering sustainable growth. Dr. Iddrisu emphasizes that unpredictable inflation and fluctuating currency rates can weaken business productivity and economic stability. He highlights the energy sector's vital role in supporting production, cautioning that disruptions could adversely affect GDP growth. To mitigate these risks, he advises the government to bolster industrial productivity and encourages businesses to explore opportunities in manufacturing and digital services. Additionally, he urges households to prepare for potential economic fluctuations and make informed financial decisions. Overall, while the growth figure is promising, addressing these challenges will be essential for Ghana's economic resilience and future prosperity.

Ghana's Trade Minister Advocates for Concrete Investments with China
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Ghana's Trade Minister Advocates for Concrete Investments with China

Ghana's Trade Minister, Elizabeth Ofosu-Adjare, reaffirmed the country's commitment to attracting actionable investments during a recent meeting with a delegation of Chinese investors in Accra. This engagement, which follows high-level discussions at the China–Africa Summit, aims to translate dialogue into tangible partnerships, particularly in sectors such as trade, agribusiness, and manufacturing. Ofosu-Adjare emphasized Ghana's vast economic potential and the government's dedication to value addition in trade. She assured the Chinese investors of a supportive framework from various state agencies, designed to facilitate smooth business operations and encourage joint ventures with local enterprises. The head of the Chinese delegation, Ms. Hua Yan, expressed confidence in Ghana's economic prospects and a strong desire for practical cooperation, highlighting the importance of immediate investments. The meeting included technical presentations from key agencies, providing insights into the investment process and collaboration opportunities, reinforcing optimism for future partnerships between Ghana and China.

Ghana Courts Japanese Investment Amid Economic Recovery and Strategic Trade Opportunities
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Ghana Courts Japanese Investment Amid Economic Recovery and Strategic Trade Opportunities

Ghana is actively seeking to attract increased investment from Japan, highlighting its improved macroeconomic conditions, including single-digit inflation and a stable exchange rate. During a recent meeting with a high-level Japanese delegation led by State Minister Dr. Kunimitsu Ayano, Trade Minister Elizabeth Ofosu-Adjare emphasized Ghana's strategic role as the host of the African Continental Free Trade Area (AfCFTA), positioning the country as a gateway to a larger market of 1.3 billion people across Africa. Ofosu-Adjare noted the successful performance of existing Japanese businesses in Ghana and expressed confidence in ongoing economic reforms that are expected to enhance the investment climate further. The Minister encouraged Japanese investors to consider Ghana as a prime destination for investment, particularly in sectors such as manufacturing, infrastructure, and micro, small, and medium enterprises (MSMEs). The Japanese delegation reaffirmed its commitment to supporting Ghana's economic transformation and expressed interest in expanding business ventures within the country. This collaboration underscores the enduring partnership between Ghana and Japan, aimed at fostering sustainable economic growth and development.