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Total Mobile Money transactions as of August 2022 compared to the same period in 2021 fell by ¢13.3 billion, about 2.02%, the latest Summary of Financial and Economic Data by the Bank of Ghana has revealed.

The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has increased the Policy Rate by 250 basis point to 24.5%. This is the highest policy rate increase since 2017.

The Ghana Revenue Authority (GRA) is in the process of developing an online platform for the purposes of auctioning vehicles and goods at the Tema port.

The Bank of Ghana (BoG) has given assurance that it will manage the Exchange Rate regime to help strengthen the cedi against the dollar as the year comes to an end. In the last quarter of the year, most businesses import goods ahead of the festive season in December.

Some Oil Marketing Companies (OMCs) have begun reviewing prices of their petroleum products following recent hikes in crude oil prices on the international market.

The Ghana Revenue Authority (GRA) will from October 1, 2022, flush out fake VAT invoices from the country with the introduction of the Electronic VAT invoicing.

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The Ministry of Finance has confirmed that its officials and that of the Bank of Ghana have commenced a comprehensive debt sustainability analysis with the International Monetary Fund (IMF) for a US$3 billion support programme.

Ghana earned a total of over $731.94 million from oil production in the first half of 2022. According to the 2022 Semi-Annual Report of the Public Interest and Accountability Committee (PIAC), the amount excludes an oil lifting that was done by a subsidiary of the Ghana National Petroleum Corporation, Jubilee Oil Holding Limited (JOHL), which acquired Anardarko last year.

Finance minister to give full account in parliament on the utilization of funds borrowed domestically following the downgrade of Ghana's economy to deeper junk status.