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

The International Monetary Fund (IMF) has reached a staff-level agreement with Ghana on the first review of its 36-month economic reform programme, supported by the Fund’s non-financing Policy Coordination Instrument (PCI).

The International Monetary Fund (IMF) has backed Ghana’s 2027 fiscal strategy targetting a 0.5 percent of gross domestic product (GDP) primary surplus, while urging tighter spending controls to protect debt sustainability and preserve room for job creation and infrastructure investment.

Rising transport and housing costs pushed Ghana’s year-on-year inflation rate to 5.5 percent in October, up from 5.2 percent in September as price pressures intensified for a third consecutive month, Ghana Statistical Service (GSS) has said.

Government must overhaul its mining revenue framework, strengthen enforcement against revenue leakages and review tax incentives to raise domestic revenue, the Institute for Fiscal Studies (IFS) has said, warning that weak revenue mobilisation is constraining public investment and deepening fiscal pressures.

The Bank of Ghana (BoG) is pushing technology-driven solutions that expand access to productive credit for underserved businesses, as it seeks to translate the country’s financial inclusion gains into stronger financial health for households and enterprises.

The newly appointed Director of the Council for Scientific and Industrial Research-Institute of Industrial Research (CSIR-IIR), Dr. William Owusu Oduro, has called for stronger industrial capacity to address trade imbalances with other countries, particularly China.

Fidelity Bank Ghana has achieved 2X Certified Advanced status, becoming the only bank in Ghana to attain this distinction and reinforcing its commitment to advancing gender-smart finance and women's economic empowerment.

ADB Ghana Medical Systems Group Ltd. and Philips Healthcare of the Netherlands have reaffirmed their commitment to building a strong and sustainable strategic partnership aimed at advancing healthcare delivery in Ghana.