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Strong Q1 Growth, Soaring Stocks, and Shifting Consumer Prices.
As Ghana crosses into the mid-year mark, the country presents a mixed but hopeful economic picture. From strong GDP performance and stock...
bernard boateng
Jun 12, 20252 min read


Which GBP Remittance Service Gives You the Most Cedis? Tracking the Shifts and Spotting the Outliers
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 .
bernard boateng
Jun 11, 20252 min read


Stronger Cedi Reshapes Ghana’s Economy: Prices Drop, Data Grows, Cocoa Struggles.
As Ghana's currency continues its remarkable rebound, the ripple effects are beginning to take shape across consumer markets, digital...
bernard boateng
Jun 11, 20253 min read


Ghana’s Data Bundle Volumes Are Increasing – What You’ll Get for ₵399–₵400 Starting July 1, 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
bernard boateng
Jun 10, 20252 min read


Cedi Trends and National Pressures: UTAG Ultimatum, Fuel Price Clarity, and Lending Rate Hopes
Ghana’s economic pulse continues to beat steadily, albeit with some friction . As the Cedi Board for June 10, 2025 , reveals fresh...
bernard boateng
Jun 10, 20253 min read


Are Ghanaian Banks Getting More Competitive on Forex? USD Spread Trends Say Yes
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
bernard boateng
Jun 10, 20251 min read


Ghana’s Gold-for-Oil Program: A Bold Move or Expensive Misstep?
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
bernard boateng
Jun 9, 20252 min read


Fuel Prices, Mango Money, and a GH¢2.1 Billion Loss: What Ghanaians Need to Know Now
As Ghana navigates a shifting economic landscape, three key developments are making headlines this week, from the rollout of new fuel...
bernard boateng
Jun 9, 20253 min read


Tripling Ambitions: Ghana’s Surge in US-Bound Students
Over the past decade, Ghana has quietly transformed into one of Sub-Saharan Africa’s leading contributors to international education in the United States. According to the 2024 Open Doors Report on International Educational Exchange, the number of new Ghanaian students enrolling in US institutions has tripled rising from just over 3,000 in the 2014/15 academic year to 9,394 in 2023/24. Ghanaian Students studying in the US This surge has placed Ghana firmly in second place amo
bernard boateng
Jun 6, 20251 min read


Ghana's Economy in Focus: Falling T-Bills, BoG’s GH¢9.49bn Loss & Looming Transport Strike
Ghana’s economic environment is undergoing a pivotal moment as fiscal indicators shift rapidly and national policy decisions spark...
bernard boateng
Jun 6, 20254 min read


Inflation slows, Nurses’ strike ruled illegal and the cedi holds steady.
Ghana’s June 5 2025 Cedi Board shows falling inflation, a stable cedi, dropping T-bill rates, and untapped guava and mango export...
bernard boateng
Jun 5, 20253 min read


Fuel Levy vs. E-Levy: Ghana’s Tax Experiments and Their Impact on Citizens
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
bernard boateng
Jun 4, 20252 min read


Fuel Levy Rise, Cocoa Price Fight, and Digital Loan Crackdown!
Ghana’s economic landscape on June 4th 2025 is buzzing with significant developments, from a new energy levy to cocoa farmer demands and...
bernard boateng
Jun 4, 20253 min read


Airport Hours Extended, Gold Output Forecast, Cashew Decline
Ghana’s economic landscape continues to evolve, with new infrastructure moves, sector projections, and market signals shaping investor...
bernard boateng
Jun 3, 20253 min read


Where to Fill Up? Tracking Ghana’s Fuel Price Trends
Date: June 3, 2025 In Ghana, where fluctuating fuel prices affect everything from transport fares to the cost of food, knowing where to...
bernard boateng
Jun 3, 20251 min read


Ghana Ranks 3rd Globally in Mining Intensity — A Closer Look at the Numbers.
Despite its relatively modest land size of 238,000 square kilometers, Ghana ranks third in the world for the percentage of land under mining. This may surprise many, given the country’s small footprint compared to mineral giants like Brazil, China, and the USA. Ghana's Land Under Mining - Global Mining Intensity What the Data Shows According to recent data from the World Bank, ICMM, and regional transparency initiatives: Ghana has 6.3% of its land under mining concessions. I
bernard boateng
Jun 2, 20252 min read


Ghana’s Economic Momentum in Mid-2025: Strong Cedi, Lower Prices, and Record Mining Revenue
Ghana’s economic story in 2025 is one of resilience, relief, and recovery. The strengthening of the cedi, falling prices of essential...
bernard boateng
Jun 2, 20254 min read


Which Platform Gives You the Best GHS for your Pounds?
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
bernard boateng
Jun 2, 20251 min read


81% of Ghana’s GHS 186 billion revenue in 2024 came from taxes!
In 2024, Ghana’s government recorded total revenue of GHS 186 billion , a significant portion of which 81% or GHS 151.16 billion came from taxes. These included levies on income and property, domestic goods and services, international trade, and more. Breakdown of Revenue Sources of the Government of Ghana in 2024 Breakdown of Revenue Sources The single largest component was Taxes on Income and Property , amounting to GHS 78.74 billion . This was followed by Taxes on Domesti
bernard boateng
May 31, 20251 min read


What Ghana Eats, But Imports
In 2024, Ghana spent an astounding GHS 39 billion importing food items to meet domestic demand. Despite a strong agricultural identity, the nation continues to rely heavily on foreign-sourced staples, raising questions about food security, domestic production capacity, and policy direction. TOP 10 FOOD PRODUCT IMPORTS, 2024 Top Imports At the top of the list is cereal grains (GHS 3.37bn) , followed closely by guts, bladders & stomachs of animals (GHS 2.69bn) and frozen meat
bernard boateng
May 30, 20251 min read
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