CIMAG lauds IMF exit, projects maritime growth

The Bank of Ghana (BoG) kept its benchmark monetary policy rate unchanged at 14 percent, signalling confidence that inflation will remain within its medium-term target despite mounting risks from geopolitical tensions, higher energy costs and potential utility tariff adjustments.

Today’s mid-year budget review is the government’s chance to show its promised reset can hold without a safety net beneath it, the Head of Research, Analytics and Strategy at First National Bank, Julien Ayippey, has said.

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.

Africa has mobilised approximately US$110 million from domestic sources to support responses to Ebola and other disease outbreaks, marking a significant step towards strengthening the continent's health security and reducing dependence on external funding.

Government has outlined tax and customs reforms aimed at easing the burden on businesses, improving compliance and strengthening domestic revenue mobilisation without introducing new taxes.

The government has announced a major initiative to address the double-track system in Ghana’s secondary education, underpinned by the construction of 10 new senior high schools (SHSs) across 10 regions.

The government will not seek a supplementary budget for 2026, Finance Minister Dr. Cassiel Ato Forson has announced, saying it will instead adjust spending priorities within the existing approved appropriation.

The 2026 Budget unveiled a broad reform agenda for Ghana’s land and natural resources sector, with government launching a comprehensive Digital Land Administration Reform and strengthening measures to protect forests, water-bodies and mineral resources.