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Economy

Hyundai to Establish Vehicle Manufacturing Plant in Ghana

Hyundai to Establish Vehicle Manufacturing Plant in Ghana

Ghana has secured a significant industrial investment after South Korea announced plans to establish a Hyundai vehicle manufacturing facility in the country, a move expected to strengthen Ghana's ambitions of becoming a leading production and export centre in West Africa. The proposed factory will serve markets across the

Ghana Exits IMF Bailout Programme

Ghana Exits IMF Bailout Programme

The Government of Ghana has announced that the country has officially completed its Extended Credit Facility arrangement with the International Monetary Fund, bringing an end to the financial bailout programme that supported the economy during one of its most difficult periods. The transition marks a new phase in Ghana’s

President Mahama, You Promised Us Change, But Where Is It? - A Nigerian Lady to Mahama

President Mahama, You Promised Us Change, But Where Is It? - A Nigerian Lady to Mahama

A Nigerian woman living in Ghana has shared her candid concerns in a heartfelt video message. In the video, she recounted the promises President Mahama made during his 2024 election campaign. She highlights the harsh realities many citizens and residents are facing under the current administration. These are her unfiltered

Ghana Set to Exit IMF Programme in April 2026 – Mahama

Ghana Set to Exit IMF Programme in April 2026 – Mahama

Speaking at the Ghana–Zambia Business Dialogue in Lusaka on Friday, February 6, President Mahama said inflation has eased, foreign reserves have improved, and investor confidence is returning following recent fiscal reforms. He noted that the stabilising economy positions Ghana to expand trade and investment, particularly under the African Continental

BoG Orders All Rural Banks to Convert to Community Banks by March 31, 2026

BoG Orders All Rural Banks to Convert to Community Banks by March 31, 2026

The Bank of Ghana (BoG) has told all Rural Banks to change into Community Banks by March 31, 2026. This is part of a big plan to improve Ghana’s microfinance sector. The goal is to make financial stability stronger, improve governance, and help more people access financial services. The

Bank of Ghana Cuts Policy Rate by 350 Basis Points to 18% as Inflation Falls

Bank of Ghana Cuts Policy Rate by 350 Basis Points to 18% as Inflation Falls

The Bank of Ghana has lowered its Monetary Policy Rate by 350 basis points to 18 percent. This is one of the largest cuts in recent years. The policy rate reduction, announced on Wednesday, November 26, 2025, follows sustained progress in lowering inflation, stabilizing the cedi, and strengthening overall macroeconomic

Ghana to Build 24-Hour Markets in All 261 Districts

Ghana to Build 24-Hour Markets in All 261 Districts

The Government of Ghana, through the Ministry of Local Government, Decentralisation and Rural Development, has announced plans to construct modern 24-hour markets across all 261 Metropolitan, Municipal, and District Assemblies (MMDAs). The project forms part of the government’s 24-Hour Economy agenda aimed at driving job creation, boosting local commerce,