Ghana economy

Ghana’s cedi tops global currency rankings as Mahama highlights falling inflation, credit upgrades and new investment reforms to Japanese investors.

Ghana is accelerating local cocoa processing to reach 50 percent, aiming to surpass Côte d’Ivoire’s benchmark within five years

President Mahama confirms Ghana inherited $8.9 billion reserves, boosting the cedi’s recent 3.9 percent appreciation

The average salaried worker in Ghana would need over 300 years to make $1 million, highlighting severe economic challenges.

The Minority has criticized the NDC’s 2025 budget, labeling job promises as “sakawa jobs” and questioning the feasibility of the $10 billion Big Push plan

Haruna Iddrisu tells NPP that Ghanaians remember their economic struggles, while President Mahama promises to restore stability and improve lives.

Ghana’s inflation rate declined to 23.1 percent in February, but economic challenges persist, with inflation still above the Bank of Ghana’s target range.

The NPP argues that Mahama’s economic stability is built on Akufo-Addo reserves, which have helped stabilize the cedi and control inflation.

Ghana has suspended its gold-for-oil program as the cedi stabilizes, with the central bank considering a shift in gold management strategy.

Ghana raises its minimum wage by 10 percent, setting the new rate at GH₵19.97, effective March 1, 2025.