Markets await broader fiscal progress

Activa Insurance has renewed calls for stronger enforcement of the compulsory marine cargo insurance regime, warning that inadequate protection of imported and exported goods exposes businesses - particularly small and medium-sized enterprises (SMEs) - to severe financial losses and threatens trade resilience.

Growth momentum cooled in April as a sharp deceleration in the services sector tempered the pace of economic expansion, although stronger performances in mining and agriculture kept the economy on a broad-based growth path.

To support Ghana’s expanding maritime trade, Chief Executive Officer-Whitestone Shipbrokers Limited Gertrude Adwoa Ohene-Asienim has called for enactment of a dedicated Marine Insurance Act to replace the country’s heavy reliance on English marine insurance laws, arguing that locally-tailored legislation is needed.

A renewed fall in new orders contributed to a deterioration in overall business conditions for companies in Ghana at the midway point of 2026.

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.

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.