Economy at the crossroads
Juliet Etefe
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Economy at the crossroads
Related Coverage: Economy
Economy
Informal cross-border trade hits GH¢31bn
Informal cross-border trade between Ghana and its three land neighbours reached GH¢31 billion in the first three quarters of 2025, surpassing formal trade valued at GH¢20.1 billion and accounting for six percent of the country's total trade.
News
CAGD dismisses GH¢11bn Accra–Kumasi expressway claim
The Controller and Accountant-General’s Department (CAGD) has dismissed claims circulating on social media that Government has already spent almost GH¢11 billion on the Accra-Kumasi Expressway project, describing the assertion as a misunderstanding of Government accounting procedures.
Banking & Finance
Banks cut fraud, fintechs emerge as new hotspot
Fraud within Ghana’s traditional banking sector declined sharply in 2025, but a surge in electronic fraud at Payment Service Providers (PSPs) pushed overall financial sector fraud to a record high.
Insurance
Insurers seek PFM law reform to break banks’ guarantee monopoly
The insurance industry has called for an urgent amendment of the Public Financial Management Regulations (LI 2378) that allows insurers to issue advance payment guarantees for contractors and service providers executing government projects.
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