Growth slows to 5.1% in May
Ghana’s economic growth slowed to 5.1 percent year-on-year in May 2026, as a sharp moderation in agriculture offset continued strength in services and industry's modest expansion.
Ghana’s economic growth slowed to 5.1 percent year-on-year in May 2026, as a sharp moderation in agriculture offset continued strength in services and industry's modest expansion.
The improved fiscal position and progress with debt restructuring have supported an upgrade in the country’s debt sustainability outlook; however, the International Monetary Fund (IMF) has warned the country continues to face significant refinancing pressures and fiscal vulnerabilities.
Annual inflation has declined to 4.6 percent in July 2026, reversing the increase recorded a month earlier.
The Bank of Ghana (BoG) has reaffirmed its confidence in the economy’s recovery — while maintaining the Monetary Policy Rate at 14 percent as it seeks to support growth and keep inflation under control amid global uncertainties.
Private sector consultant MIT sustainability The International Monetary Fund's recommendation that the Bank of Ghana reassess its Domestic Gold Purchase Programme because of its impact on the central bank's balance sheet deserves careful consideration.
Ghana's annual inflation rate declined to 4.6 percent in July 2026, down from 5.3 percent in June, as price pressures eased across all major indicators, the Government Statistician Dr. Alhassan Iddrisu has announced.
Letshego Savings and Loans’ profit hit GH¢88 million in the first half of 2026, underpinned by significant growth in lending income with strong demand for mobile and payroll loans.
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