IMF Cash Hits Ghana’s Reserves, Government Plans Shea Export Ban & NIB Recapitalisation: Here’s What You Need to Know

As Ghana’s financial landscape continues to evolve, today's Cedi Board® shines a spotlight on major economic developments, from a fresh IMF disbursement to a looming shea export ban and plans to recapitalise NIB. Prices of household staples remain steady, while investors are urged to tap into the mini-provision retail boom. Here's a breakdown of the highlights:

Government to Ban Raw Shea Export by 2026 to Boost Local Processing

In a bold industrialization push, the government has announced plans to implement a phased ban on the export of raw shea nuts by 2026. The move, unveiled at the 2025 World Shea Expo by Dr. Peter Boamah Otokunor, aims to drive value addition and boost domestic processing capacity.

“Ghana must move from being a raw material exporter to a nation of value-added exports,” said Dr. Otokunor.

Key to this plan is the rehabilitation of the Buipe Shea Processing Factory, which is expected to process up to 180,000 metric tonnes of shea nuts annually and create over 10,000 indirect jobs when fully operational.

NIB Set for Recapitalisation Under New Board

Finance Minister Dr. Cassiel Ato Forson has confirmed that the National Investment Bank (NIB) will undergo a comprehensive recapitalisation, with full details expected in the upcoming mid-year budget review.

A new 9-member board chaired by Frank Adu Jr., former Cal Bank MD, has been sworn in to drive professionalism and turnaround strategy.

This decision aligns with IMF recommendations to strengthen financial sector stability, especially by supporting undercapitalized state-owned banks.

Ghana Receives $367 Million from IMF – Here’s What It Means

Ghana’s reserves have been boosted by a fresh US$367 million transfer from the IMF following the successful completion of the fourth review under the Extended Credit Facility.

This brings Ghana’s total disbursement under the programme to US$2.3 billion since 2023.

The cash injection is expected to:

• Strengthen Bank of Ghana’s international reserves

• Support the cedi’s stability

• Fund key budgetary projects

  
  

IMF officials commended Ghana’s new administration for taking strong corrective actions to address fiscal slippages from 2024 and committing to a 1.5% primary surplus in 2025.

Price Check: Provision Basket

This week’s market data shows stable pricing for everyday essentials:

• Geisha Mackerel (₵22.00) – same price as December 2024

• Nutrisnax Biscuits (₵6.00) – up by ~20% from ₵5.00 in November 2024

• USD/GHS Interbank Rate: steady at ₵10.36

  
  

Investor’s Insight – Profit from Mini Provision Shops

With rising demand for household essentials like rice, soap, milk, and biscuits, now is the time to cash in on mini provision retail.

Small shops in busy neighborhoods and junctions see quick turnover and daily revenue, offering a consistent stream of income. Low capital, high foot traffic, and flexible inventory make this a viable entry point for aspiring entrepreneurs.

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.