The Minority Leader Alexander Afenyo-Markin has predicted that the NDC government will return to opposition in 2028, criticising its economic management and arguing that citizens will judge the administration based on their lived experiences rather than the Finance Minister's economic presentation.
23 July 2026 · Joy Online →
Minority Leader Alexander Afenyo-Markin has criticized the 2026 Mid-Year Fiscal Policy Review, describing it as "full of English with empty promises" and accusing the Finance Minister of failing to address key challenges, citing inconsistencies in expenditure figures and the absence of policy announcements for the cocoa sector.
23 July 2026 · Joy Online →
Finance Minister Dr. Cassiel Ato Forson attributed Ghana's improving macroeconomic performance to fiscal, tax and monetary reforms, including tighter expenditure controls, modernised tax administration, and policies supporting inflation targeting and exchange-rate stability. He said the reforms have produced stronger revenue mobilisation, improved foreign exchange reserves, and the fastest economic growth since 2019, while blaming state-owned enterprises for historically adding about 3% of GDP annually to public debt.
23 July 2026 · The Chronicle →
Finance Minister Dr Cassiel Ato Forson says the Ghana Gold Board generated an additional $15 billion in foreign exchange inflows to strengthen Ghana's reserves and support exchange rate stability. He told Parliament the policy improved Ghana's current account balance from a surplus of 1.9% in 2024 to 8.3% in 2025.
23 July 2026 · Joy Online →
The opposition New Patriotic Party has questioned the sustainability of the government's fiscal performance ahead of the 2026 Mid-Year Budget Review, arguing that the reported improvement in macroeconomic indicators was achieved largely through spending cuts rather than structural economic reforms. The NPP noted that although the government is expected to report a 2025 primary surplus of 2.6 per cent of GDP, government revenue missed its revised target by 4.7 per cent while expenditure was compressed by 13.8 per cent.
23 July 2026 · The Chronicle →
The Governor of the Bank of Ghana has endorsed COCOBOD's transition from syndicated offshore loans to local market financing, saying the move will reduce liquidity injections into the domestic economy and strengthen monetary policy management.
23 July 2026 · The Chronicle →
Kojo Oppong Nkrumah, Ranking Member on Parliament's Economy and Development Committee, called on Finance Minister Dr Cassiel Ato Forson to account for a $1.2 billion decline in Ghana's international reserves during the 2026 Mid-Year Budget Review presentation on July 23. Oppong Nkrumah questioned the reduction despite government claims of no foreign exchange market interventions.
23 July 2026 · Joy Online →
The Ghana Gold Board has introduced a new trade financing framework for Tier 2 Licensed Gold Buyers requiring formal applications, KYC assessments, signed agreements approved by GoldBod, and security instruments covering 10–50 per cent of approved financing amounts to strengthen accountability and risk management in Ghana's formal gold trading sector.
23 July 2026 · Joy Online →