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Ghana

Ghana
Population: 35.7m
GDP: $113.49bn
Debt: 56.1% of GDP (2026 forecast)

news from Ghana

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Found 325 articles.

Displaying 16 results from 2022 (out of 325 total).

Economic woes hit Akufo-Addo on all sides

Ruling party MPs call for the head of the finance minister, as critics blame corruption for the plunging cedi and rising prices

Under growing pressure from within and outside his New Patriotic Party (NPP), President Nana Addo Dankwa Akufo-Addo is trying to mollify critics of the government's economic strategy by...

Banking on the Fund

Worries over the repercussions of a wide-ranging debt restructuring are slowing the government’s negotiations for a $3 billion credit from the IMF

The markets have turned against President Nana Akufo-Addo's New Patriotic Party (NPP) government, pushing up bond yields and eroding the value of the cedi against the dollar by...

Penalise the plunder, say protestors

Civil society groups are up in arms about the Auditor-General's refusal to use his powers to recover $1.7bn in misappropriated public funds

A coalition of civil society groups is protesting the unwillingness of the Auditor-General, Johnson Asiedu, to act on his latest annual audit of government expenditure, published last month,...

Monumental disputes

Plans for a National Cathedral and to revamp a monument to independence leader Kwame Nkrumah are becoming a political battleground

President Nana Addo Dankwa Akufo-Addo described the project to build a National Cathedral in Accra as 'an opportunity to redeem a pledge I made to [God] before I...

Akufo-Addo faces the costs of an IMF deal

The government's U-turn on a bailout boosts the opposition in the short term but raises bigger questions about the economy's structure

On 13 July, after six days of talks with the government, the International Monetary Fund referred to Ghana's 'challenging economic and social situation' – code for the multiplicity...

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Ofori-Atta's team plans more cuts

Accra's return to the IMF has been praised by the ratings agencies and could trigger cheaper loans – but at the cost of wide-ranging budget reviews

The latest official budget data, for the first quarter, suggests Ghana was already overshooting this year's budget deficit targets before a second quarter when the full impact of...

Plans for urban forest raise hackles

Many suspect a scheme to turn a protected forest into Accra's answer to Central Park are ecologically dangerous and a cover for corruption

A decision by President Nana Addo Dankwa Akufo-Addo's government to reclassify a large part of the Achimota Forest reserve in Accra – the only urban forest in the...

Government to ram through gold scheme

The Agyapa gold plan appears to be going ahead in the face of complaints that it is corrupt, opaque and undervalues a key national resource

President Nana Akufo-Addo's government is pushing forward with the Agyapa gold plan, under which a state company would register in the British tax haven of Jersey and sell...

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Euro MPs back action on cocoa prices

As production costs escalate, Ghanaian and Ivorian officials are lobbying the EU to raise prices for cocoa bean exports

As Africa's cocoa producers face growing financial pressures, they have won backing from European Union MPs to open talks on a price pact as part of wider discussions...

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All in the family

Few tears have been shed at the news that Kofi Koduah Sarpong has been retired after five years at the helm of the state oil firm, the Ghana...

Ofori-Atta bets on the E-Levy, rejects IMF

Locked out of the markets and hit by ratings downgrades, the government is trying to supercharge revenues and hack away at spending

As Finance Minister Ken Ofori-Atta and his Treasury team rule out any resort to the International Monetary Fund on nationalist grounds, they are taking a different set of...

Opposition steps up disruption

With the two parties evenly matched in parliament, the opposition NDC tries for some tactical victories against the government

Eyeing tougher economic conditions, corruption allegations and growing concerns about regional security, the opposition National Democratic Congress reckons it should be able to wrongfoot President Nana Addo Dankwa...

Displaying 16 results from 2022 (out of 325 total).

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