Gov’t to halve fiscal anchor to 0.5% of GDP from 2027

Finance Minister Dr. Cassiel Ato Forson has announced a €323 million financing package for the Northern Ghana Water and Sanitation Project, which aims to address persistent water shortages in Tamale, Yendi and Damongo.

Government expects the  economy to outperform the International Monetary Fund’s revised growth forecast of 5.7 percent for 2026, with Finance Minister Dr. Cassiel Ato Baah Forson attributing the improved outlook to fiscal discipline and reforms aimed at restoring macroeconomic stability.

Economic activity expanded by 7.4 percent year-on-year in July 2026, driven by strong growth in services and a rebound in industry, providing further evidence of improving domestic conditions.

The Ghana Employers’ Association (GEA) has called for a policy predictability compact between government and the private sector to reduce uncertainty, strengthen business confidence and encourage long-term investment in productive assets.

The Managing Director of Agricultural Development Bank (ADB) PLC, Edward Ato Sarpong, has commended the Bank of Ghana (BoG) and government  for their commitment to strengthening the country's financial system.

The Ghana Revenue Authority (GRA) has identified about 100 additional non-resident digital service providers that are not charging and remitting applicable taxes, as it moves to widen compliance under its digital Value Added Tax (VAT) collection system.

Households that rely on liquefied petroleum gas (LPG) for cooking could face a steep rise in fuel costs in during second half-October, although motorists are expected to benefit from lower petrol and diesel prices.

The Ghana Shippers’ Authority (GSA) and the Bank of Ghana (BoG) have concluded a nationwide sensitisation campaign on the revised Letter of Commitment (LOC) guidelines,