Ghana’s total export earnings have reached a record high of $23 billion, according to the Bank of Ghana. This milestone reflects strong performance across key export sectors.

Dollar demand from businesses has picked up again after a recent slowdown, mainly as importers rush to secure foreign currency for payments. This renewed appetite for the greenback could place fresh pressure on the cedi in the coming weeks.

Economist Godfred Adu Owusu Sarkodie has warned that Ghana's revenue stabilization could decline next year due to the scraping of key taxes in the 2026 budget, which has created a significant revenue hole.

The Finance Ministry has defended its proposed tax cuts in the 2026 Budget, insisting the measures will not derail the government’s end-of-year revenue targets.

President John Dramani Mahama has pledged to safeguard the independence of the Bank of Ghana, stressing that a credible and autonomous central bank remains essential to Ghana’s long-term economic stability.

Some banks expect the cedi’s strong recovery to continue because improved forex inflows, tighter policies, and a weaker dollar are supporting the currency. They believe the gains can be sustained even with reduced direct dollar support from the market.

OMCs are expected to begin increasing fuel prices at the pumps from today, November 17. This development follows the routine two-week review of petroleum product prices and pricing-outlook data from COPEC, which projects a 1% to 4% increase per litre across products.

CEO of the Ghana Association of Banks, John Awuah, says banks have begun engaging the Ministry of Foreign Affairs to deal with cases of loan defaults.

News from the world of business.

The Chamber of Petroleum Consumers (COPEC) pushes for the removal of certain levies on fuel, to protect consumers from high prices.