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Tuesday, 5 May 2026
Ghana’s news, on the hour · Est. 2026
Tuesday, 5 May 2026
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Person

Joe Jackson

Also known as: Mr Jackson · Mr Joe Jackson

Joe Jackson — CEO of Dalex Finance, argues Ghana's currency instability stems from extractive sector capital leakages rather than weak exports.

As CEO of Dalex Finance, Joe Jackson argues that Ghana's currency volatility stems from structural leakages in the extractive sector—including service imports, profit repatriation, and capital flight—rather than weak exports, despite the country recording a $5.1 billion trade surplus in 2024. He has also defended the Bank of Ghana's economic interventions and criticised government job creation efforts as inadequate for youth employment.

2026-04-282026-05-05

Yesterday

  1. Experts debate Bank of Ghana losses and policy impact

    Experts discussed recent audit findings on Bank of Ghana losses on Joy FM's Super Morning Show, with Joe Jackson defending the central bank's economic interventions, while Kojo Oppong Nkrumah criticised the bank's financial position and called for recapitalisation, and Atta Issah argued the bank's actions aligned with standard global practices.

    20 hours ago · Joy Online

  2. Oppong Nkrumah calls for BoG recapitalisation, warns against political interference

    Former Minister Kojo Oppong Nkrumah has urged urgent recapitalisation of the Bank of Ghana following audit findings about its financial position, warning that policy decisions influenced by political considerations could undermine the central bank's stability mandate and that asset-sales strategies represent a short-term approach to deeper structural challenges.

    21 hours ago · Joy Online

  3. BoG losses justified for stabilising economy, finance CEO argues

    The CEO of Dalex Finance defended the Bank of Ghana's reported losses as necessary policy measures to stabilise the economy and curb inflation. He cited open market operations costing GH₵16.73 billion as the major cost driver, noting that inflation fell from over 20 per cent to less than 5 per cent.

    22 hours ago · Joy Online

Thursday 30 April

  1. Government falling short on youth job creation, CEO argues

    Joe Jackson, CEO of Dalex Finance, told JoyBusiness Roundtable that government efforts in job creation for young people remain inadequate after 16 months in office, claiming employment generation continues to fall short of national needs.

    30 April 2026 · Joy Online

  2. Job creation remains weakest link in Ghana's economic recovery

    Economist Joe Jackson says youth unemployment remains Ghana's most pressing economic challenge despite macroeconomic stabilisation, warning that stabilisation alone must translate into real improvements in livelihoods and job creation.

    30 April 2026 · Joy Online

  3. Ghana's cedi crisis stems from capital outflows, not weak exports

    Economist Joe Jackson argues Ghana's exchange rate crisis is driven not by poor export performance but by capital leakages through service imports, profit repatriation, and debt servicing. Ghana posted a US$5.1 billion trade surplus in 2024 but lost nearly US$8 billion through these outflows, with the gold sector retaining less than half of its US$11.9 billion in exports domestically.

    30 April 2026 · Business & Financial Times

  4. Ghana's cedi weakness driven by extractive sector leakages, not low exports

    Joe Jackson, CEO of Dalex Finance, argues that Ghana's currency volatility stems from structural leakages in the extractive sector rather than weak export performance. Although Ghana recorded a trade surplus of about US$5.1 billion in 2024, nearly US$8 billion exited through service imports, profit repatriation, debt servicing, and capital flight.

    30 April 2026 · Joy Online

Wednesday 29 April

  1. JoyBusiness roundtable examines Ghana's economic narratives versus real-sector outcomes

    JoyNews will host a roundtable discussion tomorrow morning bringing together policymakers, economists, and private sector leaders to assess whether Ghana's reported economic progress is reflected in the real economy, examining issues including the cost of doing business, inflation, currency stability, and sectoral performance over the past 16 months.

    29 April 2026 · Joy Online

  2. Ghana's currency volatility rooted in extractive sector leakages

    Ghana's exchange rate instability is driven by structural leakages in the extractive sector rather than weak export performance, according to Dalex Finance CEO Joe Jackson. Though Ghana recorded a trade surplus of about US$5.1 billion in 2024, close to US$8 billion exited through service imports, profit repatriation, external debt servicing, and capital flight.

    29 April 2026 · The Chronicle

Tuesday 28 April

  1. JoyBusiness Round Table to examine Mahama's 16-month economic record

    The JoyBusiness Round Table discussion, scheduled for April 30, 2026 at Joy News Studio, will examine whether Ghana's macroeconomic gains over the past 16 months have translated into real-sector improvements, with a panel including the Technical Advisor at the Ministry of Finance, the CEO of the Ghana Chamber of Commerce and Industry, and other economic experts.

    28 April 2026 · Joy Online

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