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Banks write off GH¢654m in bad loans as NPL ratio declines to 23.6%Â
Banks operating in Ghana wrote off a total of GH¢654.2 million as bad debt during the first four months of 2025
Business
BoG projects inflation to hit 12% by end-2025, anchored by cedi stability and falling fuel prices
The BoG has projected that headline inflation could decline to around 12.0% by the end of 2025, with further moderation towards the medium-term target of 8 ± 2%
Business
Fitch raises Ghana’s credit rating to ‘B-’; outlook stable
Fitch Ratings has upgraded Ghana’s Long-Term Foreign-Currency Issuer Default Rating (IDR) from ‘Restricted Default’ (RD) to ‘B-’, assigning a Stable Outlook.
Business
AfDB to launch facility in Ghana to unlock infrastructure financing
The African Development Bank (AfDB) Group plans to set up a special facility in Ghana to reduce investment risks and boost financing for infrastructure and real sector development
Business
Petrol, diesel and LPG prices to decline amid Cedi appreciation and GH¢1 levy suspension
Prices of petroleum products at the pumps are expected to decline beginning today, June 16, 2025, following the government’s decision to suspend the proposed GH¢1.0 Energy Sector Levy.
Business
Economy Expands 5.3% in Q1 2025, Buoyed by Services and Agriculture
Ghana’s economy posted a year-on-year growth of 5.3% in the first quarter of 2025, outpacing the 4.9% expansion recorded in the same period last year
Business
Gov’t to launch 24-Hour Economy Initiative with round-the-clock port operations
Government will make Tema and Takoradi ports operate 24/7 from July 1, 2025, under the new 24-hour economy policy to boost trade and production