Ghana economy

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.

President Mahama details Ghana’s economic strategy in IMF discussions, focusing on tax reform, debt restructuring, and fiscal discipline for sustainable growth.

Ghana’s inflation rate dropped to 23.5 percent in January 2025, but food prices continue to rise, impacting households across the country.

President Mahama has nominated Dr. Johnson Asiama as the new Bank of Ghana Governor, following Dr. Ernest Addison’s retirement, pending Council of State approval.