Ghana in Numbers

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 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

Ghana's 54 state-owned enterprises (SOEs) collectively lost GHS 10.3 billion in FY2024, even though almost two-thirds of them turned a profit. That contradiction, most SOEs in the black, the portfolio still deep in the red, is the story hiding inside the government's own numbers. Ranking Ghana's State Owned Enterprises by Profitability The data comes from the [2024 State Ownership Report](https://siga.gov.gh/siga-resources/2024-state-ownership-report-2/), published by Ghana's

Introduction Asset quality remains one of the most important indicators of banking sector stability. In Ghana, non-performing loans (NPLs) have long constrained profitability, weakened capital positions, and limited banks' ability to expand lending. The FY2025 financial statements provide a fresh view of how individual banks are managing credit risk and how close the industry is to meeting the Bank of Ghana's ambitious target of reducing sector-wide NPLs to 10% by the end of

How a US$11.6 Million Civil Judgment Led to Property Seizure The legal dispute involving Andrew Takyi-Appiah, Chief Executive Officer of Zeepay Ghana Limited, and businessman Michael Yusuf has attracted significant public attention because of its financial magnitude and implications for Ghana's fintech industry. The case moved beyond a commercial disagreement after the High Court's Commercial Division entered a summary judgment exceeding US$11.6 million, together with additio

Strong Growth with Liquidity Worth Monitoring. GCB Bank delivered an impressive FY2025 performance, reinforcing its position as one of Ghana's leading commercial banks. Based on its audited bank-level financial statements, the institution recorded significant growth across profitability, assets, deposits and shareholders' equity while continuing to strengthen its capital position. GCB Bank FY2025 Financial Health Review. Profit after tax increased by 69% to GH¢2.04 billion, s