Ghana's Premier Business & Policy Journal
Food inflation increased as non-food price growth eased, with fresh tomatoes costing more than twice as much as a year earlier. The national rate remained below both last September’s level and the Bank of Ghana’s target range.
Customs officer Joycelyn Ntiako says the source of raw materials and the processing they undergo help determine eligibility. Manufacturers using inputs from different countries must check the rules that apply to their finished products.
The benchmark used by banks to price credit has fallen for a second consecutive month. Borrowers with rates linked to it could benefit, although the reduction will not automatically make every loan cheaper.
Services and recovering oil and gas activity are expected to support expansion, but slower agricultural growth highlights an uneven economic performance.
Governor Johnson Asiama says new shipment data has improved the outlook for Ghana’s reserve accumulation, though future gains remain exposed to changes in gold prices.
The country’s foreign-exchange buffer has shrunk from 5.7 months of import cover at the end of 2025, even after a strong first half for exports. The Bank of Ghana says rebuilding reserves is now a priority.
The central bank says Ghana has reserves covering 4.2 months of imports, but a projected current account deficit and a pause in GoldBod exports could weaken its external position. Policymakers must also decide whether to hold the 14% policy rate as inflation rises.
Star Oil has increased petrol by GH¢1.60 per litre, while other fuel retailers weigh similar adjustments amid higher international prices and pressure on the cedi.
Vehicle manufacturers will have to complete a specified share of assembly work in Ghana before qualifying for VAT exemptions, as the government moves to curb incentives for almost-complete imports.
Dr Nii Moi Thompson says the NDC adopted the flagship programme from a broader national development framework that was never passed into law.
Ghana’s economy expanded by 6% in the second quarter of 2026, with rapid growth in ICT and oil production offsetting weaker performances in agriculture and parts of industry.
Ghanaian banks sharply increased provisions for possible financial losses in the first half of 2026, even as the value and ratio of non-performing loans declined. The contrasting figures point to greater caution within a banking industry that is stronger but still carrying substantial credit risk.
The central bank says the digital lenders are operating without the required approval and may breach data privacy and consumer protection rules. Banks and payment providers have also been warned not to process transactions for them.