Tag: Ghana economy
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Ghana’s 2026 Economic Focus: BoG Governor Charts Consolidation and Market Strength
Overview: 2026 as a Year of Consolidation In a clear signal of financial sobriety, Dr. Johnson Pandit Asiama, the Governor of the Bank of Ghana (BoG), outlined a cautious yet optimistic outlook for 2026. He emphasized that the central bank’s primary task will be to consolidate the macroeconomic gains achieved in 2025 while strengthening Ghana’s…
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Ghana Cedi Slips to GH¢10.75 per USD in Jan 2026
Ghana’s Cedi Weakens to GH¢10.75 per US Dollar in Early 2026 The Ghanaian cedi opened the second week of January 2026 with a depreciation against the US dollar, selling at GH¢10.75 on the Bank of Ghana’s interbank foreign exchange market. The move reflects ongoing pressure on Ghana’s currency as the dollar trades around the 10.74…
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No time for kenkey parties: COPEC chief warns against economic complacency amid recovery
Rising Recovery, Lingering Risks Ghana’s economic rebound has brought cautious optimism, but the country’s top petroleum consumer watchdog is urging policymakers, businesses, and workers not to pop the champagne just yet. Duncan Amoah, Executive Secretary of the Chamber of Petroleum Consumers (COPEC), has warned that while the worst of the fiscal storm may be over,…
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No Time for Kenkey Parties: COPEC Boss Warns Against Economic Complacency Even as Recovery Shines
Warning Signals Amid a Tepid Recovery The executive leadership of Ghana’s energy sector is urging the nation to stay vigilant even as economic indicators improve. Duncan Amoah, the Executive Secretary of the Chamber of Petroleum Consumers (COPEC), stressed that while the worst of the fiscal storm may be behind us, there is no room for…
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Boako Claims Additional GoldBod Losses Could Hit Bank of Ghana Audits Beyond IMF Figure
Overview of the Claim Ghanaian economist and Tano North Member of Parliament Dr. Gideon Boako has raised questions about the full extent of losses linked to GoldBod, a state-owned or state-linked entity in the country’s financial landscape. Speaking in an interview on January 8, 2026, Boako suggested that ongoing financial developments could reveal additional losses…
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Boako Suggests GoldBod Losses Could Surpass IMF-Reported $214 Million in Bank of Ghana Accounts
Overview The conversation around GoldBod’s financial exposure has intensified following remarks by Dr. Gideon Boako, the Member of Parliament for Tano North and a close adviser to the government. In a hardly subtle warning, he suggested that losses linked to the GoldBod saga could extend beyond the $214 million already cited by the International Monetary…
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Bank of Ghana Ends 2025 with Record $13.8B in Reserves
BoG closes 2025 on a high note The Bank of Ghana (BoG) concluded 2025 with international reserves totaling a record $13.8 billion, according to multiple sources close to the central bank. The milestone underscores a year of monetary stability and rising confidence in the domestic economy amid global financial shifts. What contributed to the landmark…
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BoG Ends 2025 with Record International Reserves of $13.8 Billion
BoG Concludes 2025 with Record Reserves The Bank of Ghana (BoG) finished 2025 with its international reserves standing at a record $13.8 billion, according to sources familiar with the central bank’s balance sheet. This milestone underscores a year of both strategic accumulations and selective outflows, reflecting the complexities of managing liquidity in a developing economy.…
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Bank of Ghana Ends 2025 with Record $13.8 Billion in International Reserves
BoG closes 2025 on a high note with record reserves The Bank of Ghana (BoG) finished the year 2025 with its international reserves standing at a record $13.8 billion, according to sources cited by JoyBusiness. This milestone marks a significant milestone for the country’s liquidity position and provides a buffer for the economy amid ongoing…
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Bawumia Deserves Commendation as the Brain Behind Ghana’s Gold for Reserves Programme, Says Senyo Hosi
Introduction: A strategic move in a tough era In a recent reflection on Ghana’s economic resilience, Senyo Hosi attributes a pivotal role to former Vice President Dr. Mahamudu Bawumia for conceiving and championing the Gold for Reserves programme at the Bank of Ghana. Hosi argues that the initiative was not just a policy novelty but…