Economy

After weeks of a strengthening Cedi and falling global oil prices, the "price reduction" we all hoped for has finally arrived. This morning, both GOIL and Star Oil made official announcements of major cuts at the pumps. GOIL Prices Today:  Petrol · ₵10.99  | Diesel · ₵11.96 Star Oil Prices Today:  Petrol · ₵10.56  | Diesel · ₵11.56 We at Finex Insights  looked back at the data from the past year, comparing the pump prices of Star Oil and GOIL. The infographic below illustrate

Introduction Cryptocurrency use in Ghana has grown steadily over the past decade, driven by mobile money adoption, cross-border payments, inflation concerns, and a digitally savvy youth population. Until recently, however, crypto activity operated largely in a regulatory grey zone. That is changing. Crypto in Ghana. What the new law means for you. In December 2025, Ghana passed the Virtual Asset Service Providers (VASPs) Bill , marking a major shift from informal usage to str

If you look at the Ghanaian economy from a distance, you see a bustling hive of activity. But when you zoom in on the numbers, a fascinating and slightly worrying paradox emerges. Data from the 2024 Integrated Business Establishment Survey (IBES) Volume 2  released by the Ghana Statistical Service, and the data tells a story. As illustrated in our latest infographic below, Micro and Small businesses are carrying the weight of the nation's workforce , yet they are barely scrat

As visualized by Finex Insights, Africa holds about 60% of the world’s solar resources . Yet, in 2025, Africa receives less than 3% of global energy investment , according to the UN Economic Commission for Africa (UNECA) . At the same time, over 600 million Africans still live without electricity . This is Africa’s solar investment paradox. So why does a continent overflowing with sunshine struggle to attract investment in energy infrastructure? The answer is not one thing, b

Based on the latest PwC Ghana Banking Survey 2025 , the total deposit pool in Ghana's banking sector has surged to GHC266.73 billion . This represents a massive 32.2% increase from 2023. PwC 's survey is based on 20 participating banks out of the 23 licensed banks in Ghana . While the rankings, topped by EBG (14.3%)  and GCB (13.0%) , are grabbing headlines, a simple list doesn't tell the whole story. We've analyzed the data to find the three biggest insights you need to kn

A 2024 report from the Ghana Statistical Service (GSS) reveals a central paradox at the heart of Ghana's economy. Informal Sector:  Employs 80%  of the workforce, yet produces only 27%  of the country's GDP. Formal Sector:  Employs only 20%  of the workforce, yet produces a staggering 73%  of the GDP. This is the core challenge: the vast majority of working Ghanaians are busy, but this effort is not translating into national wealth. The report itself notes that this imbalance

The 2026 Budget Statement, themed "Resetting for Growth, Jobs, and Economic Transformation," has been laid before Parliament. To understand the government's core priorities for the year, the clearest story is told by following the money. An analysis of the 2026 allocations reveals a dual focus: a massive, continued investment in human capital (Education and Health) and a significant new injection of funds into national security and physical infrastructure. The "Big 5": What A

Every day, countless trucks move across the borders of West Africa, loaded with goods. But what exactly is inside? A new 2025 report from the OECD, "Intra-regional Food Trade in West Africa,"  provides a clear answer. This trade is the lifeblood of the region's economy and ensures that food gets from where it's grown to where it's needed most. While this trade is far larger than many assume: estimated to be a $10 billion industry that is up to 85% unrecorded, an important sto

Between 2022 and 2023, Ghana experienced one of its sharpest inflationary surges in recent years. Despite significant pay increases for public sector workers of up to 30% in 2023, inflation soared above 38%, effectively erasing real income gains. This analysis compares public sector salary increments against annual inflation trends to show how workers’ purchasing power has evolved over the last decade. Comparing Salary Increments of Public Sector Workers with Annual Inflation

Introduction: The Bank of Ghana (BoG) has quietly executed one of Africa’s most ambitious reserve diversification strategies. Between May 2023 and October 2025 , the central bank’s gold holdings surged from 8.78 tonnes to 38.04 tonnes , marking a 333% increase  in just 29 months. Bank of Ghana Gold Reserves Background: In response to global currency volatility and Ghana’s own foreign-exchange pressures, the BoG launched a gold purchase programme under the Domestic Gold Purcha

Ghana’s inflation rate has cooled to 8% in October 2025 , the lowest level since early 2021, according to the Ghana Statistical Service. It marks the tenth straight month of decline , capping a dramatic reversal from the 23.8% recorded in December 2024. But beyond the numbers lies a more meaningful story for households: prices aren’t necessarily dropping. They’ve just stopped climbing so fast.  After years of unpredictable jumps, this stability feels like the first real relie

In 2023, the Electricity Company of Ghana (ECG), the nation’s primary power distributor exceeded its approved expenditure by an astonishing GHS 189.77 million , representing a 133% overspend . Data presented to the Public Accounts Committee on October 28, 2025 , reveals striking variances between approved and actual spending across several key categories. Analyzing ECG's Budget Overspend Highlights from the Overspend Foreign Training  topped the list with an excess of GHS 60

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

Introduction On September 17, 2025, the Bank of Ghana made history by cutting its policy rate by 350 basis points (bps) , slashing it from 25% to 21.5% . This unprecedented move represents the largest single rate cut in the country’s monetary history . But what does this mean for businesses, households, and the broader economy? Ghana Records Largest-Ever Policy Rate Cut The Significance of the Policy Rate The policy rate, also known as the benchmark interest rate, is the prim

Ghana’s economy is at a turning point with new Bank of Ghana policies, treasury bill financing updates, and mixed movements in the Ghana cedi exchange rate. From banking regulations to treasury bills in Ghana and currency performance, here’s what investors, businesses, and policymakers should note. Bank of Ghana’s New Directive on Non-Performing Loans Starting January 2027, the Bank of Ghana (BoG) will enforce stricter rules to reduce non-performing loans (NPLs) across the fi

In 2025, DSTV Premium subscribers in Ghana are paying a steep $82 per month , making it the most expensive DSTV Premium package on the continent . A detailed breakdown of the pricing reveals that taxes account for a substantial $18.5 , but that’s only part of the story. 🔍 DSTV Price Breakdown Across Selected African Countries Why Ghanaians Still Pay the Most for DSTV Premium in Africa Despite a Stronger Cedi Country Base Price (USD) Tax (USD) Total Price (USD) Ghana 63.5 18.

As Ghana’s Finance Minister prepares to present the 2025 Mid-Year Budget Review , one key question looms: Where will the revenue come from? Earlier this year, the government unveiled a bold plan to generate GHS 10.28 billion  in additional revenue in 2025 through a mix of new taxes, revised rates, and one-off payments. With inflationary pressures and public spending demands rising, this visual breakdown gives us a preview of the government’s fiscal playbook going into tomorro

Cocoa remains one of the most economically significant crops worldwide, fueling a multi-billion-dollar chocolate industry. According to 2023 data from the FAO, global cocoa bean production is heavily concentrated in West Africa with Côte d’Ivoire alone contributing an astounding 42% of the total output. Global Cocoa Bean Production 2023 Côte d’Ivoire: The Undisputed Leader As of 2023, Côte d’Ivoire produced 2.38 million tonnes of cocoa beans, accounting for over two-fifths of

Discover how Star Oil Ghana rose from 13ᵗʰ to 1ˢᵗ place in Ghana’s competitive oil marketing sector driven by strategic growth, market share gains, and strong consumer reach. Introduction: Ghana’s oil marketing sector is crowded with over 200 registered firms vying for consumer trust and market share. But in just five years, one company has emerged as the clear front-runner: Star Oil Ghana . With a remarkable rise from the 13th position in 2020 to the top spot in 2025, Star O

Mobile internet has become a lifeline across Africa powering communication, education, entrepreneurship, and governance. Yet, the price of access varies widely across the continent. A new ranking highlights just how much consumers pay for 1 GB of mobile data over 30 days. Cost of Mobile Data in Africa Ghana Among the Most Affordable According to data from bestbroadbanddeals.co.uk , Ghana is the 3rd most affordable country in Africa , offering 1 GB of mobile data at only $0.40