#2026MidYearBudget: Gov't rolls out tax, customs reforms to support business sector growth

Investors are expected to judge Ghana’s 2026 Mid-Year Budget Review less by new policy announcements than whether government reaffirms its commitment to fiscal discipline, as rising inflation begins to test macroeconomic gains achieved under the country’s IMF-supported reform programme.

The Bank of Ghana (BoG) has maintained its benchmark monetary policy rate at 14.0 percent, citing confidence that inflation will remain within its medium-term target despite growing risks from geopolitical tensions, higher energy prices and possible utility tariff adjustments.

PricewaterhouseCoopers (PwC) Ghana has forecast that the Bank of Ghana (BoG) will cut the monetary policy rate down to between 12 and 13 percent by early 2027, while the cedi will expectedly depreciate gradually to GH¢13 against the US dollar by end-2026.

Falling mining and quarrying prices dragged producer inflation down sharply to 3.5 percent in June 2026 from 5.8 percent in May, as a steep decline in the country’s largest industrial sector outweighed renewed cost pressures in manufacturing, utilities, transport and accommodation services.

Agricultural Development Bank PLC (ADB) has commenced a landmark renovation and enhancement of its iconic ADB House Building (former head office), marking another significant milestone in the Bank's commitment to preserving its heritage while building a stronger future.

Access Bank (Ghana) Plc. has challenged youth-owned small and medium-sized enterprises (SMEs) to embrace Artificial Intelligence (AI) as a critical driver of innovation, competitiveness and sustainable growth, urging entrepreneurs to "disrupt or be left behind" in an increasingly digital economy.