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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 23 results from 2023 (out of 325 total).

Questions on electioneering budget

The government's attempts to 'postpone austerity' could backfire as debt restructuring hits new obstacles

President Nana Addo Dankwa Akufo-Addo's success in securing the return of enough MPs from the ruling New Patriotic Party (NPP) to push through the 2024 budget by 138...


Putting a LID on cocoa

Civil society groups are demanding that European Union lawmakers include a guarantee of minimum prices for cocoa producers in the latest agreement between the EU, Ghana, Côte d'Ivoire...


Governor in the firing line

Opposition demands for Ernest Addison to resign over $5.2bn loss have exposed the politicisation of the Bank of Ghana

Bank of Ghana Governor Ernest Addison reacted angrily after hundreds of protestors took to the streets of Accra on 3 October demanding that he and his two deputies...


Was there a plot against the police chief?

MPs probe claims of a conspiracy to remove the Inspector General of Police ahead of next year’s elections

Police in Accra are on tenterhooks as they wait for a parliamentary committee to conclude its investigations into a leaked audio tape hinting at government plans to oust...


Bawumia leads race for NPP ticket

President Akufo-Addo is helping his deputy in the succession campaign despite growing internal dissent

Vice-President Mahamudu Bawumia's landslide victory in the New Patriotic Party's Special Delegates' Conference and the withdrawal of former Trade Minister, Alan Kyerematen, has put Bawumia in pole position...


Government stonewalling on corruption comes under fire

Worsening financial strictures and revenue shortfalls are adding to the urgency of independent calls for tougher action against state skulduggery

As investigations multiply into conflicts of interests in state agencies, lawyers and rights activists are accusing the New Patriotic Party (NPP) government of covering up malfeasance. Their calls...


Supreme Court outlaws presidential decisions

President Akufo-Addo's sacking of the Auditor-General has been condemned raising questions of accountability

Ghana's highest court has ruled unconstitutional President Nana Akufo-Addo's demand three years ago for the Auditor-General, Daniel Domelevo, to go on leave. After Domelevo complied under heavy pressure,...


The ruling party could benefit from its IMF U-turn

After losing a by-election, the opposition NDC is crafting its campaign on government failure ahead of next year's elections

The IMF approval of a US$3 billion bailout to support Ghana's ailing economy is being held up as a victory by the governing New Patriotic Party (NPP), but...


The IMF offers some breathing space

Accra has secured concessions from the multilateral banks as well as China in exchange for promises on debt

Although West Africa's second largest economy had been expected to receive an International Monetary Fund deal in the coming months, the IMF's 17 May announcement – that its...

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Deeper reforms needed after the bailout

Slowing inflation and a strengthening cedi after the IMF credit will help the ruling party’s election campaign

Ghana's US$3 billion bailout deal with the International Monetary Fund will not be painless, and comes with demands for a diet of structural reforms and spending cuts. Key...


Banks count the cost of debt restructuring

The government's debt exchange deal piles up pressure on the banks and the wider economy

After much lobbying and protest, Ghana's pension funds avoided the onerous terms of the government's domestic debt exchange finalised in February. Few others in finance were celebrating with...


The Opposition hides its teeth

Despite a near hung parliament, the opposition has done little to challenge the government

An evenly split Parliament between the ruling New Patriotic Party (NPP) and the opposition, National Democratic Congress (NDC) appears not to have resulted in greater parliamentary oversight over...


A commission under fire

The appointment of three new members to the seven-member electoral commission has prompted concerns that the governing New Patriotic Party (NPP) is packing the institution ahead of what...


Khaki vigilantes

The Ghana Armed Forces have come under fierce public criticism following an apparent vigilante operation they conducted at Ashaiman, a densely populated town near Tema, in the Greater...


The succession race starts

There's no date yet for the ruling New Patriotic Party's (NPP) presidential primaries but prospective candidates are preparing for the elections required within 12 months of the next...


Financial meltdown weakens NPP

Pushed into a U-turn as it negotiates a $3 billion bailout with the IMF, the governing party’s credibility has crashed

Militants of the main opposition National Democratic Congress (NDC) have a spring in their step in the new year as they gear up to fight the December 2024...


Ructions over debt deal hold up IMF bailout

Political fights over where the cuts should fall are testing finance minister Ofori-Atta's staying power and may prolong the crisis

The speed at which the IMF and finance minister Ken Ofori-Atta's treasury team agreed a provisional deal for a US$3 billion bailout in mid-December after intensive talks and...


Displaying 23 results from 2023 (out of 325 total).