Economy

Ahead of a looming GH¢111billion domestic debt repayment peak in 2027 and 2028, government is accelerating efforts to build a larger liquidity buffer that safeguards its hard-won fiscal credibility and reinforces renewed investor confidence.

Africa’s economic transformation will depend not only on the movement of goods and capital but also on the ability of people, skills and ideas to move freely across borders, Dr Ishmael Yamson, a member of Ghana’s Presidential Advisory Group on the Economy, has said.

Government will amend the Public Financial Management (Amendment) Act, 2025 (Act 1136) to reduce the statutory primary balance floor from 1.5 percent of Gross Domestic Product (GDP) to 0.5 percent from 2027, Finance Minister Dr. Cassiel Ato Forson told parliament yesterday in the 2026 Mid-Year Fiscal Policy Review.

The Bank of Ghana (BoG) kept its benchmark monetary policy rate unchanged at 14 percent, signalling confidence that inflation will remain within its medium-term target despite mounting risks from geopolitical tensions, higher energy costs and potential utility tariff adjustments.

Today’s mid-year budget review is the government’s chance to show its promised reset can hold without a safety net beneath it, the Head of Research, Analytics and Strategy at First National Bank, Julien Ayippey, has said.

The Bank of Ghana (BoG) has maintained its benchmark monetary policy rate at 14.0 percent, citing confidence that inflation will remain within its medium-term target despite growing risks from geopolitical tensions, higher energy prices and possible utility tariff adjustments.