Finance Minister Dr Cassiel Ato Forson announced that the Women's Development Bank, formally incorporated as WDB GH LTD on 26 January 2026, is expected to commence full operations before the end of 2026. The government has applied to the Bank of Ghana for a banking licence and deposited GH¢400 million as the bank's initial capital to satisfy licensing requirements.
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 Kumasi Metropolitan Assembly Chief Executive has denied that President Mahama pledged to complete Phase Two of the Kejetia Market Redevelopment Project by the end of 2026, saying he was present during the President's inspection and "nothing like that came out of his mouth." The Mayor attributed project delays to funding challenges, stating the previous administration secured £280 million but failed to honor contractor payments.
23 July 2026 · Joy Online →
Ghana's Technical Advisor at the Ministry of Finance says the 2026 mid-year budget review will provide Parliament with updates on major infrastructure projects and outline measures to improve value for money in public spending, while also focusing on reforms to strengthen monitoring and accountability in public funds.
23 July 2026 · Joy Online →
Ghana's Ministry of Finance technical advisor Dr Theophilius Acheampong says the 2026 Mid-Year Budget Review will assess government fiscal performance, expenditure, borrowing and policy initiatives without introducing new taxes, as the government believes Ghana's fiscal challenge is primarily an expenditure management issue rather than a revenue problem.
23 July 2026 · Joy Online →
Former ISSER director Professor Peter Quartey has called on the Finance Minister to use the 2026 Mid-Year Budget Review to outline measures for improving domestic revenue mobilisation after weaker-than-expected tax collections in the first quarter. While acknowledging Ghana's recent macroeconomic stability in inflation, exchange rates and fiscal performance, Quartey cautioned that stabilisation alone is insufficient and the economy must move toward stronger revenue generation and addressing unemployment.
23 July 2026 · Joy Online →
The Public Interest and Accountability Committee has called on government to directly involve Metropolitan, Municipal and District Assemblies in oil and petroleum-funded projects in their jurisdictions to ensure proper supervision, value for money, and holistic development. PIAC conducts inspection visits to districts to oversee management of petroleum revenues distributed through the Annual Budget Funding Amount.
23 July 2026 · The Chronicle →