Publications & Insights
Expert analysis, research papers, and updates on Ghana's economic governance landscape.
๐๐ญ๐๐๐ข๐ฅ๐ข๐ญ๐ฒ ๐๐ฌ ๐๐จ๐ญ ๐๐ง๐จ๐ฎ๐ ๐ก
Finance Minister Dr. Cassiel Ato Forson presented the 2026 Mid-Year Fiscal Policy Review to Parliament, and the evidence he tabled supports that claim. This is not a contested political assertion. It is recognised by Ghana's external partners. The IMF programme has run to successful completion and the country is transitioning to a Policy Coordination Instrument, a step no government reaches without meeting its targets. At EGP, we say so plainly and we commend it.
The implementation of the 2026 Budget has, so far, demonstrated a stronger commitment to fiscal discipline than in previous years.
The implementation of the 2026 Budget has, so far, demonstrated a stronger commitment to fiscal discipline than in previous years. Under the recently concluded IMF Extended Credit Facility (ECF) programme, the Ministry of Finance has tightened expenditure controls through stricter commitment authorisation, enhanced budget oversight, and expenditure rationalisation.
๐๐จ๐ซ๐ฅ๐ ๐๐๐ง๐ค ๐ ๐ฅ๐๐ ๐ฌ ๐๐๐ญ๐๐๐๐ค๐ฌ ๐ข๐ง ๐๐ก๐๐ง๐โ๐ฌ ๐๐ง๐๐ซ๐ ๐ฒ ๐๐๐๐ญ๐จ๐ซ ๐๐๐๐จ๐ซ๐ฆ ๐๐ซ๐จ๐ ๐ซ๐๐ฆ๐ฆ๐
The World Bank has lowered its assessment of Ghanaโs Energy Sector Recovery Programme from โModerately Satisfactoryโ to โUnsatisfactoryโ, citing significant implementation delays linked to financing constraints, election-year disruptions, tighter fiscal controls and procurement bottlenecks.
๐๐ผ๐๐ฒ๐ฟ๐ป๐บ๐ฒ๐ป๐ ๐ฆ๐ฒ๐๐๐น๐ฒ๐ ๐จ๐ฆ$๐ณ๐ฌ๐ฌ ๐ ๐ถ๐น๐น๐ถ๐ผ๐ป ๐๐๐ฟ๐ผ๐ฏ๐ผ๐ป๐ฑ ๐ข๐ฏ๐น๐ถ๐ด๐ฎ๐๐ถ๐ผ๐ป ๐๐ต๐ฒ๐ฎ๐ฑ ๐ผ๐ณ ๐ฆ๐ฐ๐ต๐ฒ๐ฑ๐๐น๐ฒ
The Government of Ghana has announced the successful settlement of a US$700 million Eurobond obligation, completing the payment ahead of schedule on 2 July 2026, according to a press release issued by the Ministry of Finance.
๐๐ญ๐ข๐ฅ๐ข๐ญ๐ฒ ๐๐๐ซ๐ข๐๐ ๐๐ง๐๐ซ๐๐๐ฌ๐๐ฌ ๐๐๐ข๐ฌ๐ ๐ ๐ซ๐๐ฌ๐ก ๐๐จ๐ง๐๐๐ซ๐ง๐ฌ ๐๐จ๐ซ ๐๐จ๐ฎ๐ฌ๐๐ก๐จ๐ฅ๐๐ฌ ๐๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ๐๐ฌ
Ghanaians will pay more for electricity and water from 1 July 2026 following the latest tariff adjustment announced by the Public Utilities Regulatory Commission (PURC).
๐๐๐ ๐ ๐ข๐ฌ๐๐๐ฅ ๐๐จ๐ง๐ข๐ญ๐จ๐ซ ๐๐ข๐ ๐ง๐๐ฅ๐ฌ ๐๐ข๐ฌ๐ ๐ข๐ง ๐๐ก๐๐ง๐โ๐ฌ ๐๐๐๐ญ-๐ญ๐จ-๐๐๐ ๐๐๐ญ๐ข๐จ ๐ญ๐จ ๐๐% ๐๐ฒ ๐๐ง๐-๐๐๐๐
Ghanaโs public debt trajectory is expected to face renewed pressure, as the International Monetary Fund projects an increase in the countryโs debt-to-GDP ratio to 53% by the end of 2026.
๐๐ญ๐ซ๐๐ง๐ ๐ญ๐ก๐๐ง๐ข๐ง๐ ๐๐ก๐๐ง๐โ๐ฌ ๐๐ฎ๐๐ฅ๐ข๐ ๐ ๐ข๐ง๐๐ง๐๐ข๐๐ฅ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ: ๐๐ง ๐๐๐จ๐ง๐จ๐ฆ๐ข๐ ๐๐๐ซ๐ฌ๐ฉ๐๐๐ญ๐ข๐ฏ๐ ๐จ๐ง ๐ญ๐ก๐ ๐๐๐๐ ๐๐ซ๐ซ๐๐๐ซ๐ฌ ๐๐ฎ๐๐ข๐ญ
Ghanaโs recent arrears audit exercise provides more than a snapshot of outstanding government obligations.
Ghana's Economy Remains Exposed to Commodity Shocks and Global Tightening โ PwC
Accounting firm PwC has cautioned that Ghanaโs economy remains vulnerable to commodity price volatility despite recent signs of macroeconomic stability and recovery.
๐๐จ๐ฏ๐๐ซ๐ง๐ฆ๐๐ง๐ญ ๐๐๐ฒ๐ฌ ๐๐ยข๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐๐๐ ๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ ๐ญ๐จ ๐๐ญ๐ซ๐๐ง๐ ๐ญ๐ก๐๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ง๐๐ข๐๐๐ง๐๐
The Government of Ghana has paid GHยข10 billion in interest obligations under the Domestic Debt Exchange Programme (DDEP), marking a significant milestone in the countryโs ongoing debt restructuring efforts.
Ghanaโs Lending Rate at 17% and Its Impact
Ghana's benchmark lending rate drops to ~17%, signaling lower borrowing costs and private sector recovery, though transmission lags remain.
Budget 2026 โ An EGP analysis: Consolidating gains, but vigilance required
EGP's analysis of the 2026 Budget: A balance between fiscal consolidation and the need for social protection.
Ghanaian CSOs bid farewell to outgoing IMF boss
Civil Society groups reflect on engagement with the IMF as the Resident Representative concludes their tenure.
How Ghanaโs debt crisis caused nightmares and injuries on Bolgatanga-Bawku road
The stalled Bolgatanga-Bawku road project stands as a grim symbol of the real-world impact of Ghana's debt crisis.
EGP Participates in CSO Budget Forum Review of the 2026 National Budget
EGP joins CSOs to scrutinize the 2026 Budget, calling for realistic revenue targets and protection of social spending.
Fitch Projects MPR Drop to 16.5% by 2026; What It Means for Ghana
Fitch Solutions forecasts further easing of Ghana's policy rate to 16.5% by 2026, contingent on sustained disinflation.
IMF Approves Fifth Review of Ghana Programme, Set to Release US$385 Million
IMF Board completes fifth review, unlocking $385m disbursement as macroeconomic stabilization takes hold.
Analyzing the Presidentโs Five Pillars for Ghanaโs Economic and Social Transformation
An empirical assessment of the feasibility and impact of the new strategic framework for Ghana's transformation.
Bank of Ghanaโs 350bps Rate Cut: What It Means for Ghanaโs Economy
The MPC's bold 350bps rate cut signals a turning point for Ghanaโs recovery. What does this mean for businesses and households?
Sustainable Debt Management in Ghana
Public debt remains a critical component of economic management, providing governments with the resources to drive development, expand infrastructure, and deliver essential public services. However, the sustainability and transparency of debt acquisition and management have profound implications for economic stability, fiscal responsibility, and the well-being of citizens.