Export diversification critical to sustaining economic gains — Fidelity Bank

Policy-makers, regulators, economists, bankers, industrialists and development partners gather at the Labadi Beach Hotel in Accra today for the opening of the 15th Ghana Economic Forum (GEF), organised by the B&FT, to ask how a recovering economy can be turned into industrial output.

The Ghana Gold Board (GoldBod) generated about US$4.20 billion in foreign exchange (FX) from artisanal and small-scale mining (ASM) gold trading between August and October 2026, directing US$2.38 billion to commercial banks to improve dollar liquidity.

Consolidated Bank Ghana Limited (CBG) has appointed Mr. Stephen Kpordzih as its new Board Chairman.

The country must leverage its recent macroeconomic stability to diversify its export base, deepen industrialisation and expand domestic manufacturing to achieve sustainable economic growth, Deputy Managing Director, Operations and Support Functions at Fidelity Bank Ghana, Attah Yeboah Gyan, has said.

Ghana’s economic activity expanded by 6.8 percent year-on-year in August 2026, supported by stronger services and an improved industrial performance, although growth in agriculture slowed sharply, highlighting an uneven recovery across the productive sectors.

Government must sustain fiscal discipline through the 2027 Budget or risk losing stability gains recorded since the 2022 economic crisis to election-year slippage ahead of the 2028 general elections, KPMG Ghana has cautioned.