Economy

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

Foreign Direct Investment (FDI) remains a key pillar in Ghana’s economic growth strategy. From just $114.9 million in 2000 to a high of $3.9 billion in 2019, the country's ability to attract foreign capital has evolved significantly across presidential administrations. Ghana's Foreign Direct Investment (FDI) 2000 - 2024 1. The Kufuor Era (2000–2008): Foundations Amid Global Repositioning Kicking off the millennium, Ghana's FDI was relatively modest, with inflows below $1 bill

As of June 30, 2025, fuel prices across Africa present a revealing map of economic, geopolitical, and supply chain realities. From Libya's ultra-low gasoline price of $0.028 per liter to the Central African Republic's staggering $1.858, the range is not just wide, it’s systemic. Our latest Finex Insights visual explores the causes behind these disparities and what they reveal about Africa’s energy landscape. Fuel Prices in Africa North Africa: A Fuel Price Haven Countries lik

Ghanaians have seen steady increases in the local prices of everyday services but the latest data on DSTV Compact subscriptions reveals a sharp spike in 2025, both in Ghana cedis and US dollar equivalents. What’s causing this surge, and what does it tell us about inflation, FX policy, and consumer cost burdens? DSTV Compact Prices (GHS & USD Equivalent) 1. A 5-Year Price Journey From ₵140 in 2020 to ₵380 in 2025, DSTV Compact subscription prices have nearly tripled. While the

Domestic air travel in Ghana has become significantly more expensive. A one-way ticket from Accra to Kumasi, which cost just about ¢455 in January 2022, now averages ¢1,570 in 2025. This represents a staggering 245% increase over three years, making domestic air travel less accessible for many Ghanaians. Domestic Air Ticket Prices in Ghana The Numbers Data from Africa World Airlines and Passion Air show a consistent rise in ticket prices: January 2022:  ¢455 average (Accra to

In just under two weeks, the GBP-to-GHS remittance rates across leading money transfer services have shifted and in some cases, dramatically . While most services hovered within a narrow band near ₵13.78 per pound, a few players stood out as outliers  offering significantly more value for your pound. Tracking GBP Movements of Remittance Services in Ghana 🔍 What’s the Data Telling Us? The chart below compares GBP-to-GHS rates from 11 services as of May 29  and June 11, 2025 .

From July 1, 2025, Ghana’s three major telecom operators: MTN, Telecel, and AT will increase their data bundle volumes  for the ₵399–₵400 price range, reflecting changes in consumer demand and competitive market dynamics. New Data Bundles starting July 1, 2025 🔁 What’s Changing? According to Hon. Sam George (Minister, Communication), the new bundle updates are as follows: Telco Price (₵) Old Volume (GB) New Volume (GB) % Increase GB per ₵ MTN 399 92.88 214 130.3% 0.536 Telec

The margin between the buying and selling rate of the US Dollar known as the “spread” is a key metric in determining how competitive a bank is in the forex market. A narrower spread typically signals a better deal for customers and tighter market competition. A recent review of spreads across 23 Ghanaian banks offers fascinating insights into the evolving dynamics of the foreign exchange market. USD Spread by Bank Headline Insights (As of June 10, 2025) UMB Bank  has the hig

Introduction In 2023, Ghana made headlines with its unconventional approach to fuel importation, trading gold instead of U.S. dollars under the “Gold for Oil” program. The aim? To reduce the strain on foreign exchange reserves and stabilize a weakening cedi. But as the numbers roll in, the nation is left evaluating the real cost of this gold-powered gamble. Ghana's Gold for Oil Program What Was the Objective? Ghana’s economy has long grappled with forex shortages that strain

In recent years, Ghana has introduced two significant levies aimed at addressing fiscal challenges: the Electronic Transfer Levy (E-Levy)  and the GH₵1 Fuel Levy . While both were designed to bolster government revenues, their implementation, public reception, and impacts have varied considerably. This article delves into a comparative analysis of these two levies, highlighting their objectives, outcomes, and the lessons they offer. Fuel Levy vs. E-Levy ⚙️ Objectives and Impl

For Ghanaians in the UK sending money back home, remittance platforms aren’t just digital tools, they’re lifelines. But not all platforms give you equal value. In our latest edition of Ghana in Numbers , we analyzed the GHS equivalent one would receive for a standard £1,000 remittance on June 2, 2025, across 11 popular services. Comparing Transfer Rates for Pound Remittance in Ghana Key Findings: Send App  offers the best return: GHS 14,230 AfriEx  follows closely at GHS 14,0