The lithium dilemma: High stakes, uncertain returns

Despite signs of recovery in the hospitality industry following the implementation of the 2026 Budget, hotel operators say rising utility costs, limited access to affordable financing and a high tax burden continue to undermine the sector’s ability to expand, attract investment and create jobs.

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.

For decades, Ghana's poultry industry has lived with an uncomfortable contradiction.

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.

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.

The government has signed a strategic partnership with the World Gold Council (WGC) to strengthen the integrity of Ghana’s gold supply chains through improved traceability, responsible sourcing and the formalisation of artisanal and small-scale mining.

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.

Traditional authorities in the Jomoro area have offered to consider equity ownership and other long-term benefits in place of full upfront cash compensation for lands acquired for the proposed Petroleum Hub.