Ghana in Numbers

If you are choosing a bank in Ghana, the mobile app now matters as much as the branch. To see how users rate them, Ghana Banks Watch pulled the Apple App Store rating for the main retail app of all 23 banks licensed by the Bank of Ghana, using Ghana's storefront, on 6 October 2026. The result: one clear leader, a crowded middle and a few surprises. Fidelity leads Ghana's bank app ratings Fidelity Bank's app scores 4.50 out of 5 from 33,923 ratings. That is the highest score o

How a bank established by Ghana's pension fund in 1975 evolved through mergers, privatisation and French majority ownership before its latest proposed transition to Attijariwafa Bank. A Ghanaian Bank With an Unusual Ownership Story In February 1975, the Social Security and National Insurance Trust (SSNIT) established Security Guarantee Trust Limited as its wholly owned institution. Five decades later, that same bank, now known as Société Générale Ghana, is preparing for anoth

Four of Ghana's five most-followed politicians recorded declines in their X audiences between October 2025 and October 2026. Finex Insights examines the contrasting trends and what the numbers reveal about the country's political social media landscape. Four of the Top Five Record Follower Declines Having millions of followers does not necessarily mean an online audience will continue growing. An analysis by Finex Insights of Ghana's ten most-followed political figures on X r

A technical problem aboard Ghana's Jubilee oil field in 2016 eventually developed into a tax dispute worth almost US$400 million. On September 29, 2026, an arbitral tribunal constituted under the Rules of Arbitration of the International Chamber of Commerce ruled in favour of Ghana in a dispute brought by Tullow Ghana Limited. The tribunal dismissed Tullow's claims and upheld the Ghana Revenue Authority's tax assessment of US$393,091,993.70 relating to business interruption

Nearly seven decades after independence, Ghana's political history can be divided into two broad eras: repeated shifts between civilian and military governments during the country's first 36 years, followed by more than three decades of uninterrupted constitutional rule. Analysing Ghana's Post-Independence Governance 1957 - 2026 From 6 March 1957 to 24 September 2026, Ghana has been independent for approximately 69.6 years. An exact-day analysis of the country's governments s

Ghana recorded an extraordinary increase in text-message traffic in 2025. The number of SMS messages transmitted across the country’s mobile networks rose from 3.75 billion in 2024 to 11.44 billion in 2025. That represents a 205.04% increase in a single year, according to the National Communications Authority’s 2025 Communications Industry Report. In effect, Ghana’s mobile networks handled more than three times as many text messages in 2025 as they did the previous year. The

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