All Posts

Today's daily Cedi Board shows new short-term pressure on the currency, with the Cedi weakening against the Dollar, Euro, and Pound over the past month. This depreciation appears to be a key factor in the day's top headline: a new cycle of fuel price increases. In other major news, Justice Paul Baffoe-Bonnie will be sworn in as the new Chief Justice, and the presidential jet has returned to Ghana after an eight-month overhaul in France. Let's analyze the latest data and emerg

The 2026 Budget Statement, themed "Resetting for Growth, Jobs, and Economic Transformation," has been laid before Parliament. To understand the government's core priorities for the year, the clearest story is told by following the money. An analysis of the 2026 allocations reveals a dual focus: a massive, continued investment in human capital (Education and Health) and a significant new injection of funds into national security and physical infrastructure. The "Big 5": What A

Today's daily Cedi Board shows a significant drop in Treasury bill rates across all short-term instruments. This rate movement occurs alongside major economic announcements from the 2026 Budget, including the scrapping of the COVID-19 Levy and confirmation of the new Accra-Kumasi Expressway. Simultaneously, the commissioning of the $1.5bn Tema Port Expansion project signals a major push in infrastructure. However, an interesting paradox emerges as T-bill investors appear to b

Today's daily report shows significant developments across Ghana. In the construction sector, the price of 5" hollow concrete blocks has seen a notable increase to ₵7.5, marking a 15.38% rise since the start of the year. This market movement coincides with major national news, including the presentation of the 2026 Budget Statement, a presidential directive releasing ₵200 million to address a food glut, and a tragic stampede at a GAF recruitment exercise. Investor sentiment,

Today's Cedi Board shows a significant drop in fuel prices across major outlets like Zen, StarOil, and TotalEnergies, with prices falling over 7% . This market relief comes amid a turbulent news cycle. Key developments include the arrest of former BOST CEO Edwin Provencal in connection with the 'Gold-for-Oil' program and the release of the final report on the tragic August 6 helicopter crash. Concurrently, our investor insight highlights a major deficit in Ghana's palm oil s

Every day, countless trucks move across the borders of West Africa, loaded with goods. But what exactly is inside? A new 2025 report from the OECD, "Intra-regional Food Trade in West Africa,"  provides a clear answer. This trade is the lifeblood of the region's economy and ensures that food gets from where it's grown to where it's needed most. While this trade is far larger than many assume: estimated to be a $10 billion industry that is up to 85% unrecorded, an important sto

Today's daily economic report presents a mixed landscape for Ghanaian consumers and the national economy. While the price of a 5KG bag of K-75 rice shows a significant reduction, the cost of an Indomie HungryMan box has registered an increase. This consumer data emerges alongside major national developments, including the scheduled public release of the August 6 helicopter crash report and the start of the $2 million Sky Train financial loss trial. Let's analyze the latest da

In a day thick with political tension and legal uncertainty, Ghana’s Parliament's Appointments Committee is, as of this morning, November 10, 2025, proceeding with the public vetting of Justice Paul Baffoe-Bonnie to become the 16th Chief Justice of the Republic. The move signals a climax in an 8-month constitutional drama that has seen the unprecedented removal of a sitting Chief Justice, a fierce executive-judiciary standoff, and legal battles stretching from Accra's Supreme

Between 2022 and 2023, Ghana experienced one of its sharpest inflationary surges in recent years. Despite significant pay increases for public sector workers of up to 30% in 2023, inflation soared above 38%, effectively erasing real income gains. This analysis compares public sector salary increments against annual inflation trends to show how workers’ purchasing power has evolved over the last decade. Comparing Salary Increments of Public Sector Workers with Annual Inflation

Today's Cedi Board shows a Cedi that has maintained its significant year-over-year strength against major trading currencies, despite minor short-term fluctuations. The most significant development is a two-notch sovereign credit rating upgrade from S&P Global. This is coupled with domestic news, including a planned increase in the national minimum wage for 2026 and an immediate reduction in passport application fees. Today 's investor insight also highlights a new fintech-d

Ghana’s religious landscape has undergone one of Africa’s most dramatic transformations. From less than 1% Christian in the mid-18th century to over 70% by 2021, the country’s faith story is intertwined with education, colonial history, and local adaptation. Tracing the Rise of Christianity in Ghana 1. The Early Years (Pre-1800): Seeds of Missionary Work Arrival of European missionaries (Danish, Basel, Wesleyan). Initial conversion challenges among coastal communities. Christ

Today’s daily Cedi Board shows a downward shift in Treasury Bill rates, with yields falling significantly compared to one year ago. This unfolds alongside major national news, including the launch of a 200-Megawatt-peak solar park and a stark reminder of the perils in combating illegal mining. As Mfantsipim School’s NSMQ victory trends, a new analysis also points to a $20 billion opportunity within Ghana's creative sector. Let's analyze the latest data and emerging trends sha

Today’s Cedi Board highlights stability in key consumer prices alongside notable developments in Ghana’s economic landscape. Prices for gari, sachet water, and roasted groundnuts have remained unchanged since 2024, signaling minimal day-to-day inflationary pressure on staple goods. Meanwhile, the Bank of Ghana’s gold reserves continue to rise, a major arbitration ruling favors the Electricity Company of Ghana, and local farmers struggle with a worsening rice surplus. Let’s an

Introduction: The Bank of Ghana (BoG) has quietly executed one of Africa’s most ambitious reserve diversification strategies. Between May 2023 and October 2025 , the central bank’s gold holdings surged from 8.78 tonnes to 38.04 tonnes , marking a 333% increase  in just 29 months. Bank of Ghana Gold Reserves Background: In response to global currency volatility and Ghana’s own foreign-exchange pressures, the BoG launched a gold purchase programme under the Domestic Gold Purcha

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

Today's daily Cedi Board report shows notable price stability in key consumer beverages, with prices for items like Ceres and Coke 1.5L holding steady since 2024. This market calmness contrasts with significant movements in the national dialogue, driven by major headlines. Key developments include a presidential order for a forensic audit into the 13th African Games and an ongoing probe into 2024 election violence that has identified 21 suspects. Alongside these, an emerging

The fight against illegal small-scale mining (galamsey) in Ghana is not just an environmental and economic battle; it is increasingly a frontline security risk. Data compiled from news outlets between 2017 and 2025 reveals a stark and worrying trend: those tasked with enforcing anti-galamsey laws and the journalists reporting on them are facing violent attacks. With a total of 16 recorded attacks  occurred during this period, the visualized data, clearly identifies the Ashant

Today’s Cedi Board  highlights a combination of easing fuel prices, renewed investor momentum, and promising fiscal projections. Prices of Goil Super and Staroil Diesel have dropped to GH¢12.52 and GH¢12.47 respectively, reflecting lower global crude prices and a stronger Ghanaian Cedi. At the same time, Ghana’s average LPG price has fallen by 27 percent compared to last year. Beyond the energy market, the IMF projects a 0.6 percent rise in Ghana’s non-oil revenue-to-GDP rati

On November 1, 2025, a team from the National Anti-Illegal Mining Operations (NAIMOS) was conducting a reconnaissance mission in a remote forest reserve at Hwidiem , Ahafo Region where they intercepted an excavator actively destroying farmland. After making several arrests, the team found their exit route blocked by an angry mob that had been mobilized from a nearby community. The crowd demanded the immediate release of the suspects, vandalized the taskforce's vehicle, and p

Today's daily Cedi Board report presents a mixed performance for the currency, which gained against the Euro and Pound but saw a slight dip against the US Dollar compared to last week. This currency movement comes amid significant national developments, including the Bank of Ghana's plan to inject $1 billion into the FX market this November. Concurrently, major administrative and legislative shifts are underway, with the government ordering the termination of SML contracts an