Business

The Bank of Ghana sold GH¢18.88 billion in 14-day bills at its latest auction as the central bank continues liquidity management amid falling interest rates.

Ghana’s export earnings climbed to $11.15 billion by April 2026, driven by strong gold exports and rising reserves, despite pressure from oil imports and cedi depreciation.

The Bank of Ghana’s Monetary Policy Committee is expected to maintain the policy rate at 14% as rising oil prices, cedi pressure and global risks complicate further monetary easing.

Ghana’s public debt dropped to 42.2% of GDP in February 2026 as fiscal balances improved and debt restructuring efforts continued to ease pressure on the economy.

Ghana Stock Exchange closes higher with gains in ZEN Petroleum and GCB Bank, while trading volumes and financial stocks face renewed pressure.

Energy Minister John Abdulai Jinapor says Africa’s transformation depends on reliable energy systems, industrialisation and strategic investments at the Africa Energy Technology Conference in Accra.

ISODEC has criticised Ghana’s proposed IMF Policy Coordination Instrument, arguing the country’s recent economic recovery was driven by local reforms rather than IMF intervention.

Standard Chartered plans to cut about 7,800 back-office jobs by 2030 as the bank accelerates artificial intelligence and automation across its global operations.

Ghana’s mineral royalty receipts rose by 40% to over GH₵2 billion in the first quarter of 2026, driven largely by strong gold prices, increased production and improved compliance efforts.

Damang Gold Mine has delivered 100% of its gold production to GoldBod for the second time, strengthening Ghana’s gold value retention strategy and supporting economic stability.

The Bank of Ghana says there is no forex crisis despite recent cedi depreciation, assuring businesses and investors that adequate dollar reserves remain available to support the market.