Economy

Ghana’s financial sector experienced a notable shift in fraud patterns in 2024, with data revealing a 5% rise in reported fraud cases  from 15,865 in 2023 to 16,733 cases . The report, compiled from sector-wide disclosures, shows troubling new dynamics: Forgery has emerged as the single largest financial risk , accounting for GHS 53.5 million , up from just GHS 7.5 million  in 2023 — a staggering 613% increase . While cash theft declined dramatically by 77% , dropping from GH

Introduction While women in Ghana secured the highest number of loans in 2023, the total value of these loans tells a vastly different story. According to data from Bank of Ghana's Financial Stability Review in 2023, men, despite receiving fewer loans, dominated the overall loan value—raising concerns about equitable access to high-value credit. Gender distribution of secured loans Loan Numbers vs. Loan Value In raw numbers, females secured 188,439  loans compared to 39,272  

April 28, 2025 | Finex Insights Ghana has made a decisive move to fortify its economic resilience by tripling its gold reserves over the past two years. According to the latest data from the Bank of Ghana, the country's gold holdings increased from 8.78 tons in May 2023 to an impressive 31.01 tons by March 2025. This surge is not accidental. It forms part of a broader strategy by the Bank of Ghana to strengthen the nation’s foreign reserves, reduce reliance on foreign currenc

Over the last decade, Ghana has undergone a financial transformation fueled by the rise of mobile money . What began as a promising financial innovation has evolved into a national infrastructure for transactions, savings, and access to financial services. The latest data from the Bank of Ghana’s Payment Systems Oversight Report  captures this journey in compelling numbers. In 2012, Ghana had just 350,000 active mobile money accounts . Fast forward to 2023, and that number ha

As Ghanaians continue to grapple with the effects of inflation, the latest figures from the Ghana Statistical Service reveal stark regional differences in the cost of living. The national year-on-year inflation for March 2025 stands at 22.5%, but this average masks the wide disparities among the country's 16 administrative regions. Year on Year Inflation for Regions in Ghana Northern and Upper Regions Feeling the Heat The Upper West Region tops the inflation chart with a stag

Introduction Fuel prices affect everyone — from commercial drivers to ordinary citizens trying to balance their monthly budget. Yet, many Ghanaians aren’t aware of how the final price at the fuel station is actually determined. This article breaks it down using data from the pricing window of 16–31 March 2025. Ghana’s Fuel Pricing Formula for Petrol Fuel prices in Ghana are shaped by a combination of international market dynamics and domestic policies. To comprehend the intri

In recent years, Ghana has experienced significant shifts in import patterns, particularly evident in the 2024 trade statistics. Notably, the importation of diesel, petroleum products, and heavy machinery such as bulldozers has surged dramatically. This increase reflects two potential narratives: positive industrial growth or unintended support for environmental degradation through illegal mining, known locally as galamsey. Top 10 Imports in Ghana 2024 Understanding the Trend

In recent months, Ghana has witnessed a critical development in its financial landscape: a notable divergence between the rates on 91-day treasury bills and the prevailing inflation rate. As of March 2025, treasury bill rates sharply declined to 15.9%, while inflation held steady at 23.1%. This widening gap—depicted clearly in the recent Finex Insights visual—raises significant questions for investors and savers alike. Inflation overtakes treasury yields in Ghana! Understandi

Introduction Ghana’s public sector has suffered significant financial infractions over the last decade, resulting in a staggering loss of nearly GHS 100 billion  between 2014 and 2023 . According to the Auditor General’s reports, these losses stem from a mix of outstanding debts, recoverable loans, cash irregularities, and procurement mismanagement . This alarming trend raises crucial questions about financial accountability, governance, and the urgent need for reforms in th

This analysis delves into the subscription prices for DSTV (Digital Satellite Television).

Domestic taxes play a critical role in Ghana’s economic framework, accounting for a significant portion of government revenue. According to provisional figures from the Ministry of Finance and Economic Planning for the period January to December 2023, domestic tax collection amounted to GHS 45.70 billion. Here’s a detailed breakdown and analysis of this performance. Breaking Down Ghana’s Domestic Taxes in 2023: Insights from Finex Skills Hub Overview of Tax Components The gov

Christmas is a time for celebration, sharing, and gift-giving. In Ghana, the tradition of presenting Christmas hampers has become a common way for individuals, families, and businesses to express appreciation. However, a closer look at the contents of these hampers reveals an unsettling trend: less than 10% of the products in the average Christmas hamper are made in Ghana. This article delves into this issue, exploring the composition of hampers, its implications for local in

In 2023, Ghana experienced a significant shift in its migration patterns, with the country recording a negative net migration of -95,184 for Ghanaians, according to data from the Ghana Immigration Service. This means that more Ghanaians left the country than those who arrived—a trend that has important implications for Ghana's economy. Net Migration figures in Ghana 2023 Migration trends offer valuable insights into the socio-economic landscape of a country, particularly when

Ghana's power sector is a dynamic and evolving landscape, characterized by a diverse mix of energy sources. As of November 2023, the total installed electricity generation capacity stands at 5,492.1 MW, with significant contributions from thermal power plants, followed by hydroelectric and renewable sources. Despite this impressive installed capacity, the sector faces critical challenges that impact its reliability and sustainability. Breakdown of Installed Capacity Ghana's P

As of the end of 2022, Ghana's outstanding Eurobond issuances amount to USD 13.1 billion, with the longest maturity date extending to 2060. This diversified maturity profile, ranging from 4 to 41 years, reflects Ghana's strategic approach to debt management. However, from a governance perspective, the implications of such a debt profile on the country's financial sector warrant a thorough examination. Summary of Ghana’s Outstanding Eurobond Issuances, end 2022 Understanding G

Meta Description: Examine the comprehensive analysis of Ghana’s public debt situation in 2023, exploring the surge in debt stock, the GDP ratio implications, and insights into domestic vs. external debt components. Keywords: Ghana Public Debt 2023, Debt to GDP Ratio, Ghana Debt Analysis, Fiscal Policy Ghana, Economic Growth Ghana Article: As 2023 drew to a close, the state of Ghana's public debt continued to command attention from policymakers, investors, and international fi

Africa’s Billionaire Elite: A Look at the Continent’s Wealthiest in 2024 In the ever-evolving landscape of global wealth, Africa's richest individuals continue to forge paths of prosperity across the continent. The 2024 Forbes list of Africa’s Billionaires is not just a mere reflection of individual wealth but a testament to the economic potentials within this diverse and resource-rich land. Despite challenges, the combined net worth of the top 20 African billionaires has cli

Meta Description: Dive into the vibrant world of Ghana's fruit juice trade in 2022. Explore the significant import expenditure, key global partners, and the burgeoning export market that shapes this flavorful industry. Insights from Ghana’s 2022 Fruit Juice Trade Introduction In 2022, Ghana's fruit juice market painted a picture of vibrant tastes, global partnerships, and significant economic transactions. As health trends and the quest for diverse flavors continue to rise, t

Meta Description : Explore the detailed analysis of Ghana's inflation trends from 2004 to 2023. Understand the key phases of economic stability and challenges through comprehensive data insights. Keywords : Ghana inflation trends, economic stability, monetary policy, Ghana single-digit inflation, economic analysis, Ghana's inflation data. Introduction In the intricate tapestry of an economy, inflation rates stand out as the most telling threads, offering insights into the nat

Top 5 African Countries with the largest Lithium Reserves Africa is fast becoming a focal point in the global race for lithium, a critical component powering the green energy revolution. With the continent's vast reserves, estimated at 4.38 million tonnes, it stands at the cusp of a resource boom that could reshape its economic landscape and meet the soaring demand for electric vehicles (EVs) and energy storage systems. The Lithium Treasure Trove of Africa Recent data from th