Africa’s economic transformation will depend not only on the movement of goods and capital but also on the ability of people, skills and ideas to move freely across borders, Dr Ishmael Yamson, a member of Ghana’s Presidential Advisory Group on the Economy, has said.
Government will amend the Public Financial Management (Amendment) Act, 2025 (Act 1136) to reduce the statutory primary balance floor from 1.5 percent of Gross Domestic Product (GDP) to 0.5 percent from 2027, Finance Minister Dr. Cassiel Ato Forson told parliament yesterday in the 2026 Mid-Year Fiscal Policy Review.
The Bank of Ghana (BoG) kept its benchmark monetary policy rate unchanged at 14 percent, signalling confidence that inflation will remain within its medium-term target despite mounting risks from geopolitical tensions, higher energy costs and potential utility tariff adjustments.
Today’s mid-year budget review is the government’s chance to show its promised reset can hold without a safety net beneath it, the Head of Research, Analytics and Strategy at First National Bank, Julien Ayippey, has said.
The Bank of Ghana (BoG) has maintained its benchmark monetary policy rate at 14.0 percent, citing confidence that inflation will remain within its medium-term target despite growing risks from geopolitical tensions, higher energy prices and possible utility tariff adjustments.
Falling mining and quarrying prices dragged producer inflation down sharply to 3.5 percent in June 2026 from 5.8 percent in May, as a steep decline in the country’s largest industrial sector outweighed renewed cost pressures in manufacturing, utilities, transport and accommodation services.
Informal cross-border trade between Ghana and its three land neighbours reached GH¢31 billion in the first three quarters of 2025, surpassing formal trade valued at GH¢20.1 billion and accounting for six percent of the country's total trade.
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