Author: Editorial Staff

Deputy Attorney-General Justice Srem Sai has strongly criticized what he calls “one-sided” extradition deals, making it clear that Ghana won’t back any global anti-fraud framework that unfairly singles out African suspects without ensuring equal accountability from all sides. Speaking on the opening day of the Global Fraud Summit, held under the auspices of the United Nations Office on Drugs and Crime and INTERPOL, he stressed that Ghana’s participation in any international agreement would depend on fairness and mutual legal cooperation. He argued that existing proposals risk creating a system where cybercrime suspects are routinely extradited to Western countries, without equivalent…

President John Dramani Mahama has directed tenants across Ghana to report landlords who demand rent advances beyond the legal limit, signalling a tougher stance against what he describes as growing exploitation in the housing sector. Speaking at a meeting with Organised Labour at the Jubilee House on Tuesday, March 17, the President expressed concern over the increasing cost of accommodation, warning that rent is taking a heavy toll on household incomes. He stressed that enforcing existing rent laws is critical to protecting tenants, particularly as many landlords continue to demand advances far exceeding the legally permitted six months. “Housing is…

Ghana is set to receive a major economic boost as the World Bank Group commits over $3 billion to drive job creation and long-term growth across key sectors of the economy. The investment package will focus on agriculture, energy, education and private sector development, in what officials describe as a strategic shift toward sustainable economic expansion and employment generation. Managing Director of the World Bank Group, Paschal Donohoe, announced the commitment during an engagement with lawmakers, stressing the institution’s intention to deepen its partnership with Ghana beyond financing. “We are working with the government and with your private sector to…

A widening gap between benchmark interest rates and actual lending costs is raising fresh concerns about credit access in Ghana, even as monetary conditions improve significantly. Latest data from the Bank of Ghana shows the average lending rate declined to 19.7% in February 2026, down sharply from 30.12% a year earlier. Yet, the pace of reduction is lagging behind expectations, especially in the face of aggressive easing in key policy indicators. At the center of the disconnect is the Ghana Reference Rate, which has dropped dramatically to 14.58% from 29.96% over the same period—signaling a much faster improvement in underlying…

Ghana’s public debt profile in 2025 reveals a striking contrast, with a stronger cedi masking a sharp surge in external borrowing, according to latest data from the Bank of Ghana (BoG). The country’s total public debt in dollar terms jumped by $11.9 billion within the year, rising from $49.4 billion in December 2024 to $61.3 billion by December 2025. The increase reflects sustained borrowing and expanded fiscal activity despite ongoing economic reforms. However, in a surprising twist, the debt burden declined in local currency terms. Public debt dropped from GH¢726.7 billion to GH¢641 billion over the same period, largely due…

The Bank of Ghana has intensified efforts to stimulate economic activity, cutting its benchmark policy rate by 150 basis points to 14 percent in a move aimed at boosting lending and supporting growth. The decision, announced after the 129th meeting of the Monetary Policy Committee (MPC), marks the second rate reduction in 2026 and signals a clear policy shift from tight monetary control toward easing conditions. Governor Johnson Asiama said the move reflects growing confidence in Ghana’s macroeconomic recovery, even as global uncertainties persist. According to him, the rate cut is designed to lower borrowing costs and improve access to…

Ghana’s economy recorded a strong six percent growth in 2025, highlighting a steady recovery and strengthening momentum despite persistent structural challenges. Latest figures from the Ghana Statistical Service show that economic activity gained pace, particularly in the fourth quarter, which expanded by 5.8% compared with 4% in the same period in 2024. The improved performance underscores growing domestic consumption, increased business activity, and a notable recovery across key sectors, reflecting resilience in the economy. In nominal terms, Ghana’s economy reached over GH¢1.43 trillion, reflecting the total value of goods and services produced at current market prices. This larger nominal GDP…

Ghana’s efforts to expand liquefied petroleum gas (LPG) usage to 50 percent of households by 2030 received a significant boost with the commissioning of a 40,000 cubic metre LPG vessel, ‘Asharami Ghana’, owned by Nigerian energy and infrastructure giant Sahara Group. The vessel was officially commissioned by President John Dramani Mahama during a side activity of his trip to South Korea. Speaking at the event, President Mahama described the vessel as a “major milestone in strengthening the infrastructure that underpins the regional LPG supply chain,” emphasizing that increased shipping capacity is critical for ensuring reliable and efficient supply for…

The sharp appreciation of the Ghana cedi has tempered what would otherwise have been substantial gains for investors in the Ghana Gold Coin, even as global gold prices have surged to record levels. Since the coin began official trading on November 28, 2024, investors have posted solid returns, primarily driven by the international gold market. However, the strengthening of the local currency has offset a portion of these gains, moderating returns when measured in cedi terms. The performance of the Ghana Gold Coin, issued by the Bank of Ghana (BoG), is influenced by two main factors: the global gold price,…

The Minister for Communication, Digital Technology, and Innovations, Samuel Nartey George, has announced that a new nationwide SIM re-registration exercise will be undertaken later this year to establish a more secure and reliable mobile subscriber database. Speaking at a stakeholder engagement in Accra, he said the upcoming exercise would mark a significant departure from previous registration efforts, as it would, for the first time, incorporate biometric verification. “What we are about to do has never been done before. This will be the first time we are introducing biometric verification into the SIM registration process,” he stated. The Minister explained that…