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Cedi @ 60, NDPC’s First Report in 30 Years, and MTN’s Blockchain War on MoMo Fraud: Ghana's Economic Pulse
Today’s Cedi Board shows the dollar at ₵10.81 , reflecting minor short-term volatility even as the currency has shown strength over the past year. But the real stories are bigger: the Bank of Ghana is marking the Cedi's 60th anniversary, the NDPC has released its first progress report in three decades, and MTN is deploying blockchain to fight MoMo fraud. Let's break down what these key developments mean for Ghana's economic landscape. Market Movers: The Cedi and Your Subscrip
Connect Finex
3 hours ago3 min read
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$8 Billion from Gold & 4.5% Growth: Is Ghana's Economy Turning a Corner?
At mid-October 2025, one olonka of onions costs ₵40–₵60 , and a paint bucket of tomatoes goes for ₵80–₵100  in Accra markets. Meanwhile, the cedi has firmed to ₵10.71 per US dollar , up from ₵11.26 yesterday , signaling a modest appreciation. Combined with record gold exports, an expanded Free SHS program, and steady agricultural growth, Ghana’s economy might be showing signs of quiet resilience. Let’s unpack the latest numbers shaping the country’s financial outlook. Major H
bernard boateng
Oct 172 min read
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Fuel Prices Drop, IMF Ups Growth Forecast, and BoG Regulates Digital Credit
The Cedi is making big moves! With the IMF raising Ghana's 2025 growth forecast to 4%  and a stronger Cedi triggering an immediate drop in fuel prices, the economy is showing impressive resilience. Key financial decisions, from the Bank of Ghana’s move to regulate the digital lending space to new perspectives on property investment, are setting the stage for the future. Let's break down the latest numbers and news shaping Ghana's economic landscape. Market Stability: T-Bills
bernard boateng
Oct 163 min read
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GH¢48,629 Gold Coin, Stronger Cedi, Cleared Arrears: Ghana's Q4 Economic Ascent
The Cedi Board on October 15, 2025, highlights an economy balancing significant debt clearance with ambitious international trade positioning. The Ghana Gold Coin is a standout, surging by over GH¢4,200 to GH¢48,629.02  per ounce (a change of over 9.5% since November 2024), driven by global safe-haven demand. Crucially, the USD/GHS rate shows notable appreciation to the BOG Interbank selling rate of GH¢11.46. Today's headlines are centered on clearing a mountain of arrears an
bernard boateng
Oct 153 min read
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TOR's Comeback, Major Fraud Charges, and a Life-Saving Policy Shift: Ghana's Economic Pulse
The Market Snapshot The price of GHACEM  cement, grade 42.5R is currently ₵ 115 , holding the same price as October 2024. There has also been an impactful decrease in the price of Mild Steel Iron Rods  (8mm) to ₵5,700  per ton, down from ₵7,000  earlier this year. This significant drop should bring relief to the construction sector , potentially lowering the cost of building homes and infrastructure. The Bank of Ghana (BOG) Interbank Selling Rate pegs the dollar at GH\c11.91
bernard boateng
Oct 142 min read
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Cedi Strength & $385M IMF Boost: Ghana’s Financial and Football Wins
The Ghanaian Cedi is showing significant strength, with year-on-year appreciation against major international currencies, notably an over 23% gain against the Dollar . This positive momentum is reinforced by Ghana's major economic victory: passing the fifth IMF review, which unlocks a crucial $385 million  fund. Simultaneously, a compelling Solar Cold-chain-as-a-service  opportunity addresses the nation's post-harvest loss crisis. Let's break down the latest numbers and news
bernard boateng
Oct 133 min read
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Positive Week for the Cedi: Massive La General Hospital Funding vs. The NHIS 'Cash and Carry' Health Crisis
The Ghana Cedi  is showing strong momentum this week, with the interbank selling rate dropping significantly from GH₵12.56 on 6th October to GH₵12.31  on 9th October. This positive market signal arrives alongside a critical government action that is, a GH₵130 million  allocation to complete the stalled La General Hospital. However, there has been a nationwide NHIS digital breakdown  forcing hospitals back to a frustrating ‘cash and carry’ system. Let's break down the latest
bernard boateng
Oct 102 min read
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Ghana's Three Big Wins: 37 Tonnes of Gold, Spain Debt Relief, and 5-0 World Cup Dominance
Ghana is riding a wave of national success, underpinned by major financial milestones and a thrilling sporting victory. This environment reflects a stable and recovering macroeconomy, but it also creates a unique challenge for domestic savers. The central bank's successful drive toward Cedi stability  and fiscal health  has drastically lowered the returns on low-risk government securities. While this is a huge win for the national budget , it forces savers who rely on high in
bernard boateng
Oct 92 min read
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Africa’s Life Expectancy Divide: A 22-Year Gap That Tells a Bigger Story.
Across Africa, people are living longer than ever before but not equally so . According to the World Population Prospects 2024 , the continent’s average life expectancy stands at about 64 years , masking a 22-year gap  between the countries at the top and bottom of the scale. At one end, Tunisia  leads with 76.7 years , closely followed by Algeria (76.5)  and Mauritius (75.1) .At the other, Nigeria (54.6) , Chad (55.2) , and the Central African Republic (57.7)  sit near the b
bernard boateng
Oct 83 min read
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Ghana's Economy at a Glance. Growth, Gold, and Fuel Prices as of 8th October 2025
As of October 8, 2025, Ghana's economic landscape is defined by key strategic policy shifts, revised growth projections, and dynamic market movements. From the Bank of Ghana's (BoG) aggressive move to stabilize the forex market with gold backed FX sales  to a World Bank upward revision of Ghana’s growth forecast , the numbers point to a resilient, yet pressured, economy. If you are an investor, business owner, or simply interested in the financial pulse of the nation, this de
bernard boateng
Oct 83 min read
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Ghana's VAT Revenue Increases by 33.6% as Banking NPLs Climb to GH¢20.7bn
Ghana's economic landscape presents a tale of two fronts: robust consumer spending is fueling a massive jump in tax revenues, while the banking sector grapples with a rising tide of bad loans. Meanwhile, a major state bank's stock is hitting record highs. We break down the conflicting signals in the latest economic data. Market Snapshot: Forex, Fuel, and a Surging Stock USD/GHS: ¢12.56 (BOG Interbank Selling Rate, Oct 06) Diesel Prices: Gail (¢14.20), MISA Energy (¢13.79) I
bernard boateng
Oct 73 min read
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Ghana's Economy Accelerates: Fuel Consumption & Vehicle Registrations Increase in 2025
New data reveals a Ghanaian economy in high gear, with a massive surge in fuel consumption and vehicle registrations signaling robust economic activity. Meanwhile, the Cedi continues to show remarkable strength against major currencies, and a key national identity initiative expands to children. Here’s your breakdown of the numbers driving Ghana’s growth. The Ghana Cedi is maintaining its strong performance, showing significant year-on-year gains against major trading currenc
bernard boateng
Oct 63 min read
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Ghana Cocoa Price Hiked to GHS 58,000/Tonne as Junior Doctors Plan Strike
Ghana is a tale of three distinct yet impactful stories: a welcome pay rise for cocoa farmers, a resolved quality scare for a beloved food brand, and a looming healthcare crisis. Meanwhile, on the stock market, GOIL shares are shining bright. Here’s a breakdown of the latest developments affecting Ghana's economy and consumers. Cocoa Farmers Get a Boost: Producer Price Jumps 12% for New Season In a significant move to support Ghana's vital cocoa sector, the government has ann
bernard boateng
Oct 33 min read
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Ghana's Electricity Shock: Why Average Residential Tariffs Surged 142% in 5 Years (2020-2025)
Ghanaian households are feeling the pinch as residential electricity tariffs have experienced an unprecedented surge, climbing by a staggering 142% over the past five years (2020-2025) . This dramatic increase is based on the average calculated tariff across all residential tariff block types namely; Lifeline (0-30 kWh), Standard Residential Consumers Tier 1 (0-300 kWh), and Tier 2 (above 300 kWh), providing a weighted average for the residential class. This data, comparing
bernard boateng
Oct 22 min read
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Understanding Ghana's Key Economic Indicators: A Deep Dive into the October 2, 2025 Data
The economic landscape of Ghana is a dynamic and constantly shifting one, with key indicators providing vital snapshots of the nation's financial health. An analysis of the data from October 2, 2025 , as compiled by the Bank of Ghana and the Ghana Statistical Service, reveals critical insights into Treasury bills (T-bills) , inflation , and the USD-GHS exchange rate . This article breaks down these figures, offering context for investors, business owners, and anyone intereste
bernard boateng
Oct 23 min read
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Ghana's Economy Turns a Corner: Inflation in Single Digits and Lending Rates Fall
A wave of positive economic news is sweeping through Ghana, signaling a potential turning point for businesses, investors, and households. For the first time in four years, inflation has dropped into single digits, key lending benchmarks are falling, and a new continental report highlights Ghana's potential as a future investment hub. Let's break down the latest numbers and news shaping Ghana's economic landscape. Inflation Plunges to 9.4%, First Single-Digit Reading Since 20
bernard boateng
Oct 23 min read
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Ghana Economic Outlook: Fuel Prices Rise, Government Launches Poultry Drive, and Cocoa Harvest Booms
A marginal fuel price hike is set to impact consumers, the government is taking a bold step towards food sovereignty with a major poultry initiative, and the cocoa season is off to a roaring start. Let's dive into the numbers and the stories behind them. Marginal Fuel Price Hike to Take Effect from October 1 Ghanaian drivers and businesses should prepare for a slight increase in the cost of petroleum products starting Wednesday, October 1, 2025. Projected Price Adjustments Ac
bernard boateng
Oct 13 min read
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DStv Slashes Prices 33-50% for Ghanaian Subscribers as GAF Launches Nationwide Recruitment
Ghana's consumer and public service landscape sees significant developments, with major savings announced for television subscribers,...
bernard boateng
Sep 303 min read
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ECG Posts Record GH¢1.74bn Revenue as World Bank Warns Ghana Against Eurobond Return
Ghana's economic landscape presents a complex picture this week, featuring record-breaking utility performance alongside concerning debt...
bernard boateng
Sep 293 min read
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