Author: Editorial Staff

Mineral royalty receipts are projected to reach GH¢9 billion by the end of 2026, following a strong performance in the first half of the year, the Minerals Income Investment Fund (MIIF) has disclosed. MIIF recorded GH¢5.3 billion in mineral royalty receipts during the first six months of 2026, putting the Fund on course to surpass previous annual performances and increase the financial returns Ghana derives from its mineral resources. Chief Executive Officer of MIIF, Mrs Justina Nelson, disclosed this when Chief Justice Paul Baffoe-Bonnie paid a courtesy call on the Fund in Accra as part of his institutional visits. Mrs…

The government has launched a GH¢598 million electrification project to connect 206 communities across the Volta Region to the national grid as part of efforts to expand electricity access and stimulate economic development. The project, being implemented under the Rural Electrification Acceleration and Urban Intensification Initiative, forms part of the government’s flagship Big Push programme. It will cover all 18 Municipal and District Assemblies in the Volta Region and is expected to be completed within six months. 206 Communities Targeted The project is designed to extend electricity to communities without access to the national grid while expanding infrastructure in…

Petroleum prices could come under fresh pressure at the pumps from September 1, 2026, following an increase in the price floors for petrol and diesel by the National Petroleum Authority (NPA) for the September 1–16 pricing window. NPA Announces New Price Floors The NPA has raised the minimum price for petrol from GH¢13.92 to GH¢14.53 per litre, representing an increase of about 4.38 per cent over the previous benchmark. The price floor for diesel has also increased from GH¢15.19 to GH¢15.60 per litre, representing an increase of about 2.69 per cent. Liquefied Petroleum Gas (LPG), however, recorded marginal relief,…

Flagbearer of the New Patriotic Party and former Vice President Dr Mahamudu Bawumia has explained how and why Ghana introduced its Gold for Oil and Gold for Reserves programmes, describing the initiatives as an unconventional response to Ghana’s foreign exchange crisis. According to Dr Bawumia, the policies were born at a time when Ghana had lost access to the international capital market and was struggling to find dollars to support the economy. He said Ghana traditionally raised about three billion dollars annually from the international capital market, but the disruption caused by the Russia-Ukraine war shut that window. The result…

Ghana’s public debt stock has increased sharply in the first six months of 2026, new data from the Bank of Ghana has shown. According to the central bank’s latest Monetary Policy Report, the country’s total public debt rose from GH¢641.11 billion at the end of December 2025 to GH¢719.52 billion by the end of June 2026. This represents an addition of GH¢78.41 billion in just six months — an increase of more than 12 percent compared to the end-2025 figure. Ghana’s Debt-to-GDP Ratio Now at 45% In terms of the size of the economy, Ghana’s debt-to-GDP ratio increased slightly…

The Institute of Economic Affairs (IEA) says about 90 percent of the reported GH¢1.7 billion loss under the Bank of Ghana’s Domestic Gold Purchase Programme (BGPP) is attributable to exchange-rate valuation differences rather than an actual cash loss. Director of Research at the IEA, Professor Alexander Bilson Darku, said the reported figure must be properly disaggregated before conclusions are drawn about the performance of the Ghana Gold Board (GoldBod). “The reported GH¢1.7 billion comprises service fees, assaying fees and foreign-exchange valuation differences,” he said. Prof. Darku was speaking at the IEA’s assessment of the 2026 Mid-Year Budget Review, held on…

The Bank of Ghana (BoG) has called for stronger data quality, advanced analytics and closer collaboration between researchers and policymakers to improve economic management and decision-making. First Deputy Governor of the Bank of Ghana, Dr Zakari Mumuni, said effective policymaking depends heavily on the quality, relevance and timeliness of data available to decision-makers. “Better data. Better decisions. Better outcomes,” he said, describing the three as guiding principles for strengthening Ghana’s statistics and data science ecosystem. Dr Mumuni was speaking at the 4th Annual Statistics and Data Science Conference 2026, held on the theme, “Innovations in Statistics and Data Science: Research,…

The Bank of Ghana (BoG) is forecasting economic growth of around 6 percent in the second half of 2026, supported by coordinated fiscal and monetary measures, structural reforms and gains from Ghana’s IMF-supported programme. Governor of the Bank of Ghana, Dr Johnson Asiama, said the country’s economic recovery is becoming firmly entrenched, with stronger economic activity, improved external buffers and relative stability of the cedi pointing to sustained expansion. “Looking ahead, we expect growth of around 6 percent in the second half of the year, as this recovery matures,” Dr Asiama said at the Fidelity Bank Debt Capital Markets Conference…

The true economic cost of Ghana’s Gold Board (GoldBod) programme may be higher than figures currently dominating public debate, with an estimated GH¢2 billion in forgone withholding tax revenue yet to be fully factored into assessments of the initiative, economist Dr Adu Owusu Sarkodie has said. Dr Sarkodie, a Senior Lecturer at the University of Ghana and Executive Director of the Centre for Policy Scrutiny, said evaluating GoldBod solely on its reported financial gains or losses would provide an incomplete picture of its impact on the economy. According to him, the government must account for the full range of direct…

The Minister for Labour, Jobs and Employment has announced Dr. Abdul‑Rashid Hassan Pelpuo plans to introduce the National Workplace Compliance and Safety Management System (NWCSMS) as part of broad efforts to strengthen workplace inspections, improve regulatory compliance, and protect workers from occupational accidents, diseases, and other hazards. The proposed system is expected to transform Ghana’s workplace compliance regime from a largely manual, reactive, and fragmented structure into an integrated, risk-based, and technology-driven framework for workplace registration, inspections, compliance monitoring, and enforcement. Speaking at a stakeholder meeting on the project, the Minister said changes in the world of work, coupled with…