By Joshua Worlasi AMLANU & Ebenezer Chike Adjei NJOKU Trading in locally issued US dollar-denominated government bonds surged nearly fifty-fold in the first five months of 2026, with volumes rising to US$35.36million from US$739,092 during the same period last year according to G …
By Ebenezer Chike Adjei NJOKU Every morning, somewhere in Ghana, someone wakes up, gathers the waste that has accumulated in their home, takes it outside, and sets it on fire. …
By Joshua Worlasi AMLANU & Ebenezer Chike Adjei NJOKU The foreign exchange market continues to exhibit a wide gap between official and informal dollar rates despite the cedi retaining most of its recent gains. …
… if environmental degradation continues unchecked By Ebenezer Chike Adjei NJOKU Efforts to advance the country’s green finance agenda could be undermined unless the destruction of forests and pollution of water-bodies caused by illegal mining are brought under control, speakers …
… as ESS26 kicks off today By Ebenezer Chike Adjei NJOKU The Environmental Protection Authority (EPA) has reiterated that open burning of waste remains illegal across the country and warned that offenders risk fines, prosecution and possible custodial sentences under existing env …
By Joshua Worlasi AMLANU & Ebenezer Chike Adjei NJOKU The equity market continued its strong upward trajectory in May, adding nearly GH¢91billion in market value over the past year as declining inflation, lower interest rates and rising investor participation reinforced one of th …
By Ebenezer Chike Adjei NJOKU Ghana is carrying one of the widest real interest rate gaps of any single-digit inflation economy in Africa and among the widest of any economy globally not actively managing a high-inflation crisis. …
By Ebenezer Chike Adjei NJOKU Three in four working Ghanaians do not believe they have saved enough for retirement, according to the 2025 Old Mutual Financial Wellness Monitor, with the proportion recording that lack of confidence rising for the third consecutive year despite a b …
… as listing revival gathers pace By Ebenezer Chike Adjei NJOKU The Ghana Stock Exchange (GSE) is on course to record its most active period of primary equity issuance in nearly a decade, with three initial public offerings in the space of six months set to add around GH¢10.88 bi …
By Joshua Worlasi AMLANU & Ebenezer Chike Adjei NJOKU The Treasury bill (T-bill) market is beginning to show signs of investor resistance, with repeated auction shortfalls and diverging yields suggesting that domestic participants may be demanding higher compensation after months …
Trading in locally issued US dollar-denominated government bonds jumped to US$35.36 million in the first five months of 2026 from US$739,092 in the same period last year, a surge market participants interpret as a sign of improving investor confidence in Ghana's sovereign debt following the 2023 Domestic Debt Exchange Programme.
Why it matters
US dollar bond trading surged 4,684%, signalling investor confidence in Ghana's sovereign debt post-2023 restructuring.
Trading in locally issued US dollar-denominated government bonds jumped to US$35.36 million in the first five months of 2026 from US$739,092 in the same period last year, a surge market participants interpret as a sign of improving investor confidence in Ghana's sovereign debt following the 2023 Domestic Debt Exchange Programme.
An opinion piece argues that open burning of household waste—a common practice in Ghana—is prohibited by national environmental law and municipal by-laws, and poses serious health risks: smoke travels kilometres and deposits microscopic particles in lungs, causing chronic lung disease, cardiovascular illness, and premature death. The author calls for enforcement of existing legal prohibitions.
The spread between official and informal dollar rates in Ghana remains at 10.3–11.6 percent above the Bank of Ghana's interbank rate, with forex bureaus quoting GH¢12.35–GH¢12.50 per dollar compared to the official GH¢11.1986 rate. The persistent gap endures despite the cedi recording strong recent performance supported by improved foreign exchange liquidity and central bank interventions.
Speakers at Ghana's Environmental Sustainability Summit 2026 warned that illegal mining and environmental degradation could undermine the country's green finance agenda and carbon market frameworks. Experts argued that businesses must prioritize environmental sustainability as core business strategy rather than charity, citing Ghana's estimated two percent annual deforestation rate.
The Environmental Protection Authority has reiterated that open burning of waste is illegal across Ghana and warned that offenders face fines, prosecution and possible custodial sentences under existing environmental and sanitation laws. The EPA says enforcement power rests with environmental health officers, though effective enforcement depends partly on inconsistent public reporting.
The Ghana Stock Exchange's market capitalisation rose to GH¢262.95billion in May with a year-to-date gain of 52.84 percent, driven by declining inflation, lower interest rates, and increasing investor participation in equities.
Ghana carries one of the widest real interest rate gaps of any single-digit inflation economy in Africa, with a real rate of approximately 10.6 percentage points, which economists say is constraining private sector credit access despite the Bank of Ghana holding its policy rate steady at 14 percent with headline inflation at 3.4 percent in April 2026.
According to the 2025 Old Mutual Financial Wellness Monitor, 74 percent of working Ghanaians do not believe they have saved enough for retirement, up from 61 percent in 2024, despite growing awareness that saving for retirement is important. Only one in three respondents have actively started saving for retirement, with financial constraints and expectations of children's support cited as main barriers.
The Ghana Stock Exchange is experiencing its most active period of primary equity issuance in nearly a decade, with three IPOs—First Atlantic Bank, ZEN Petroleum, and Kasapreko—set to add around GH¢10.88 billion to the exchange's total market capitalisation. The three listings together account for approximately 4 percent of the market cap.
Ghana's Treasury bill auctions have fallen short of targets for two consecutive weeks, with the latest auction on April 24, 2026 attracting GH¢4.43 billion in bids against a GH¢4.48 billion target. The undersubscription and mixed yields suggest domestic investors are demanding higher compensation after months of yield suppression.