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Ghana recorded an extraordinary increase in text-message traffic in 2025. The number of SMS messages transmitted across the country’s mobile networks rose from 3.75 billion in 2024 to 11.44 billion in 2025. That represents a 205.04% increase in a single year, according to the National Communications Authority’s 2025 Communications Industry Report. In effect, Ghana’s mobile networks handled more than three times as many text messages in 2025 as they did the previous year. The

Fuel prices have changed dramatically in Ghana over the past two decades. One simple way to illustrate that change is to look at the cost of filling a familiar vehicle: the Toyota Corolla. Filling the Tank: Comparing Fuel cost in 2006 with 2026 in Ghana A 2006 Toyota Corolla has a 50-litre fuel tank. Using the petrol price recorded at the start of 2006, the cost of filling that tank was about GH¢35.50. The petrol price of GH¢0.71 per litre used for the 2006 calculation comes

Opening a savings account in Ghana can cost anywhere from GH¢0 to GH¢1,000, depending on the bank and the type of account. A review of the Bank of Ghana's Survey of Bank Charges as at end-September 2025 shows significant differences in the amount customers need to make an initial deposit when opening a savings account. How much you need to open a Savings Account in Ghana GH¢50 is the most common entry point For most banks, customers do not need a large amount to get started.

Ghana's insurance industry remains one of the less-developed segments of the country's financial sector, with insurance penetration still around 1% of GDP. The gap becomes particularly striking when Ghana is compared with other African markets. According to the Bank of Ghana's 2024 Financial Stability Review, Ghana's insurance penetration based on gross premiums remained at 1.0% in 2024, unchanged from 2023. When measured using Insurance Service Revenue under IFRS 17, the rat

Ghana's government spent 2.91% of the country's GDP on education in 2022, placing it 26th among 42 African countries with comparable data in the dataset. The figure puts Ghana below the international benchmark for public education spending and well behind Africa's highest spenders. The comparison is based on the World Bank's Government expenditure on education, total (% of GDP) indicator, which uses data from the UNESCO Institute for Statistics. The measure captures governmen

The story of Matthew Ayariga is one that has travelled far beyond the Libyan beach where he was killed in 2015. A Ghanaian migrant worker who left home in search of work, Ayariga became known around the world after refusing to renounce his Christian faith when captured by Islamic State militants. The Story of the First Ghanaian Saint - Matthew Ayariga More than a decade later, his name is taking on a new significance in the United States. The Diocese of Fort Worth has establi

Remittances are one of Africa's most important financial connections with the rest of the world. Millions of Africans living abroad send money home to support families, pay for education and healthcare, invest in property and household expenses. But the distribution of these flows across the continent is far from even. Data from the World Bank's World Development Indicators show that Egypt was the largest recipient among the African countries represented in the 2024 reporting

Ghana's domestic aviation market reached an important milestone in 2025, but the headline is not simply about the number of people flying. The bigger story is where that traffic is concentrated and what it says about the future of domestic air travel. Data from the Ghana Civil Aviation Authority (GCAA) shows that Kumasi remains the clear centre of Ghana's domestic aviation market. More than half of domestic passenger movements to and from Accra were associated with Kumasi, pu

6 Insurers Control 61.4% of the Market Ghana’s non-life insurance industry generated almost GH¢5.9 billion in insurance revenue in 2025. But while the market is growing, the growth is far from evenly distributed. Six insurers accounted for 61.4% of the market, leaving the other 18 insurers to compete for the remaining 38.6%. That is the biggest story behind Ghana’s 2025 non-life insurance market. Analyzing Ghana's Non-Life Insurance Market in 2025 Ghana’s insurance market is

In 2026, a Ghanaian earning the national minimum wage takes home GH₵653 a month. A Ghanaian who worked a full career and retired on Ghana’s minimum SSNIT pension takes home GH₵409.56, after SSNIT’s 2026 indexation. That’s 37% less than the wage floor the law guarantees someone who started work yesterday. This comparison first appeared in a widely shared LinkedIn analysis by Benjamin Nathan Otchere, a portfolio manager and certified financial planner. Here is the interesting i

For years, mobile money has been viewed as a convenient payment platform. Today, it has become something much bigger. MTN Ghana's Mobile Money (MoMo) Float has reached GH¢38.4 billion, making it one of the largest pools of customer funds in the country. When compared with the customer deposits reported by Ghana's banks, MTN's float would rank second nationwide, surpassed only by GCB Bank's GH¢41.05 billion. While the comparison is illustrative because a MoMo float is not lega

A Visual Guide to Direct, Indirect, Customs, and Sector Levies (Updated August 2026) Understanding Ghana's tax system can be challenging because taxes are collected through multiple channels and governed by different laws. While most people are familiar with personal income tax and Value Added Tax (VAT), the country's revenue framework includes a much broader mix of direct taxes, indirect taxes, customs duties, and sector-specific levies. Breaking Down Ghana's Tax System This

Which Banks Operate the Most Efficient Workforce? Employee costs represent one of the largest operating expenses for banks. While higher spending can reflect greater investment in talent and technology, lower spending may indicate leaner operations or different business models. Understanding cost per employee helps investors, analysts, and policymakers compare operational efficiency across institutions. Cost per employee in Ghana's Banking Sector FY 2025 Using FY2025 audited

From MASLOC CEO to Court of Appeal Acquittal. The legal battle involving former Microfinance and Small Loans Centre (MASLOC) Chief Executive Officer Sedina Tamakloe-Attionu has become one of Ghana's most closely watched public sector corruption cases. Spanning more than a decade, the case has moved from allegations of financial misconduct to extradition from the United States and, most recently, a landmark Court of Appeal ruling that overturned her conviction. The Sedina Tama

What the Numbers Reveal About the 9th Parliament Religion is an important part of Ghanaian society, yet discussions about the religious composition of Parliament are relatively rare. By analysing the official profiles of all 270 Members of Parliament in Ghana's 9th Parliament, an interesting picture emerges of how religious affiliation is distributed across political parties. Religious affiliation in Ghana's 9th Parliament According to data extracted from official parliamenta

Who Leads the Digital Audience in 2026? TV3 remains Ghana's most-followed television station on X (formerly Twitter), but the race for digital influence is becoming increasingly competitive. While established broadcasters continue to dominate follower counts, several stations are recording impressive growth as they expand their online presence. Ranking TV Stations in Ghana by Followers on X Social media has become one of the most important platforms for news distribution, aud

Ghana's macroeconomic outlook has improved significantly in the first half of 2026, according to the 2026 Mid-Year Fiscal Policy Review. After several years of economic adjustment under the IMF-supported programme, the country's key economic indicators point to stronger growth, lower inflation, declining public debt, and healthier external reserves. Ghana's Economy in H1 2026: Four Strong Signals and One Key Risk Growth Continues to Outperform Expectations Real GDP expanded b

Ghana's cocoa industry remains one of the country's most important economic pillars, generating export earnings, supporting rural livelihoods, and contributing significantly to government revenue. However, the latest financial results from the 2024 State Ownership Report reveal a difficult year for the major state-linked institutions operating across the cocoa value chain. Together, the Ghana Cocoa Board (COCOBOD), Cocoa Processing Company (CPC), and PBC Ltd recorded a combin

A Timeline of the Samreboi Illegal Mining Case. The conviction and sentencing of Bernard Antwi Boasiako, popularly known as Chairman Wontumi, marks one of the most closely followed legal proceedings involving illegal mining in Ghana. The case attracted nationwide attention because of Wontumi's political profile and the broader national debate over illegal mining, commonly referred to as galamsey. How did Chairman Wontumi's case end in a 20-year sentence? The legal process beg

Full Ranking of All 23 Banks Ghana's banking industry delivered another year of strong profitability in 2025, although the gains were concentrated among a handful of institutions. Based on published financial statements, the country's 23 banks generated approximately GH¢23 billion in profit before tax (PBT), highlighting the continued resilience of the sector despite a challenging macroeconomic environment. Ranking Banks in Ghana by Profitability (2025 Financials) Leading the