IMF Approves $370m Disbursement, ADB Rolls Out 24-Hour Banking at Ports, and T-Bill Target Misses Again
- bernard boateng
- Jul 8
- 2 min read
As Ghana’s economic landscape continues to evolve, this week’s Cedi Board® brings vital developments in fiscal support, port operations, and market performance. From fresh IMF funding to port banking innovations and another missed T-bill target, here’s what’s shaping the economy.
Key Market Highlights – July 8, 2025
The price of Geisha Rose and Honey Bathing Soap (120g) has risen by approximately 20%, now selling at ₵12.00, up from ₵10.00 in December 2024.
Meanwhile, Mada Zone Bleach (1 litre) remains unchanged at ₵15.00, maintaining its price level from December 2024.
On the currency front, the USD/GHS interbank selling rate has edged slightly higher to ₵10.36, as reported by the Bank of Ghana on July 7, 2025.
IMF Approves $370 Million Disbursement After Ghana’s 4th ECF Review
Ghana has received a significant financial boost with the approval of $370 million by the International Monetary Fund (IMF) after successfully completing the fourth review under the Extended Credit Facility (ECF) Programme.
Finance Minister Dr. Cassiel Ato Forson called the approval “a landmark moment” that affirms the country’s disciplined fiscal management and economic reform efforts.
The disbursement provides crucial budgetary support and reflects Ghana’s strong performance in meeting key IMF targets such as debt sustainability, structural reforms, and fiscal consolidation.
This is the fifth tranche under the ECF and comes as Ghana pushes forward with its broader macroeconomic recovery agenda.
ADB Introduces 24-Hour Banking Service at Tema Port
In support of the government’s 24-Hour Economy initiative, the Agricultural Development Bank (ADB) PLC has launched round-the-clock banking services at the Ghana Ports and Harbours Authority (GPHA).
ADB Managing Director Edward Ato Sarpong explained that this strategic move ensures port users can make payments for GPHA handling charges any time, day or night, enhancing logistics efficiency for importers, exporters, and freight forwarders.
The service is set to expand to other key collection points across the country, aligning with ADB’s new customer-centric tagline: “Beyond Banking…”
Government Misses Treasury Bill Target for 6th Week
For the sixth consecutive week, the government failed to meet its Treasury bill auction target.
According to data from the Bank of Ghana, only GH¢2.96 billion was raised out of a GH¢3.35 billion target, missing the mark by 11.56%.
Investor preference remained strong for the 91-day bill, which attracted GH¢2.028 billion.
However, interest in the 182-day and 364-day tenors was modest.
Rates declined across the board:
91-day bill fell to 14.56%
182-day bill eased to 15.01%
364-day bill dropped to 15.16%
Analysts cite tightening liquidity and increased preference for Bank of Ghana instruments as reasons behind the recurring shortfalls.
Investor’s Insight – Invest in Student Hostel Rooms
With Ghana’s university enrollment rising and on-campus housing still limited, student hostel rooms are becoming a viable investment strategy.
A few well-managed units near tertiary campuses can provide steady rental income and low vacancy risk, especially as students seek affordable, off-campus accommodation.
Stay tuned to the Cedi Board® for real-time updates on Ghana’s financial pulse. From prices and policy to investment tips that help you make sense of the numbers.
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