Professor of Finance at the University of Ghana Business School, Professor Godfred Bokpin, has stated that Ghana must urgently focus on internal structural reforms before looking outward to join international economic blocs.
His statements were made during a policy dialogue at Wisconsin International University College, on the theme “Ghana’s Bid to Join BRICS.”
Director of the Institute of Statistical, Social and Economic Research (ISSER), Professor Robert Darko Osei, has called for increased investment in Ghana’s manufacturing sector, describing it as critical to job creation and sustainable economic growth.
Technical Advisor at the Ministry of Finance, Dr. Theo Acheampong, has stated that it is not necessary for Ghana to return to the international capital market at the moment.
Speaking on the sidelines of the IMF/World Bank Annual Meetings in Bangkok, Dr. Acheampong explained that market conditions typically determine whether it is necessary for government to access the market, and that government does not currently need to do so.
Commissioner-General of the Ghana Revenue Authority (GRA), Anthony Kwasi Sarpong, has clarified that the new digital VAT collection system does not introduce a new tax, but is rather aimed at bringing more foreign digital service providers into the tax net.
Speaking on Joy FM’s Super Morning Show, following the announcement, Anthony Sarpong explained that about 92 foreign companies already remit VAT to the GRA, and pricing for their customers will not change under the new system. However, he noted that the Authority has identified about 100 additional foreign digital service providers that are not currently charging VAT, and the new system is designed to bring them into compliance.
The National Lottery Authority (NLA) has presented a dividend worth GH¢10 million to the Government of Ghana.
The dividend, presented earlier today at the Ministry of Finance,marks the Authority’s first dividend payment to government since 2017.
Fitch Solutions has raised its forecast for Ghana’s 2026 current account surplus to 7.8% of GDP, from an earlier projection of 5.2%, following a stronger-than-expected trade performance in the first half of the year.
Economist, Dr Paul Appiah-Konadu, has identified rising energy prices as one of the major threats to Ghana’s recent macroeconomic gains.
Engaging the press on Ghana’s recent economic gains, Dr Appiah-Konadu stated that increases in fuel prices could quickly affect transport fares, electricity costs, household expenditure and ultimately lead to inflation.
Dr Appiah-Konadu therefore urged the government to closely monitor the ongoing developments in the international energy market so as to take calculated measures to cushion households and businesses from rising costs.
The Ministry of Finance has announced a successful completion of Ghana’s IMF bailout program following the disbursement of the final tranche of funds by the fund.
In a statement released on July 27, 2026 the ministry added that the country is expected to receive an additional US$371 million from the IMF’s Extended Credit Facility (ECF) program bringing its total receipts under the programme to US$3 billion.
Economist and Lecturer at the University of Ghana, Dr.Adu Owusu Sarkodie has called on government to undertake serious reforms in the taxation of the informal sector, natural resource revenue management, and property rates collection adding that the country can unlock an additional GH₵ 110 billion in annual revenue when done . Speaking after the Mid-Year Budget Review on July 23, 2026, Dr. Sarkodie explained that per his analysis, the country can get nearly half of its entire 2026 revenue target when it undertakes these aforementioned reforms . “I am yet to see a huge reform in Ghana’s revenue performance in terms of taxing the incomes of the informal sector, in terms of the natural resource, in terms of property rates. I want to see the re-setting agenda in these three because I did my math and I realised that if we do these three well, Ghana can add an additional income of GH₵ 55 billion. No, GH₵ 110 billion.That’s about half of the entire money that the government is looking for in the year 2026 alone.” he stated Dr. Sarkodie also cautioned against the Finance Minister’s no-revenue-no-spending approach arguing that that approach is not sustainable for long term economic growth and transformation hence urging the Ministry to find aggressive ways to mobilize revenue. “The second recommendation is that we must embark on aggressive revenue mobilisation.The posture of the Finance Minister is that if he doesn’t get the revenue, he will not spend. But if you continue to manage an economy like this, you will not get the needed growth and transformation that you need. Therefore, we must try and raise inner revenue so that we can spend on productive sectors.”he added On the 24 hour economy, Dr. Sarkodie urged the government to prioritise the implementation of key initiatives outlined in the 24-Hour Economy document ,singling out the development of economic activities around the Volta Lake as a particularly promising idea that deserves urgent and sustained pursuit “And the other recommendation is that there are beautiful ideas in the 24-hour economic documents and therefore we should try and implement some of them, especially the one on the development of economic activities around the Volta lake. It is a brilliant idea. They must continue, they must make any effort, every effort to pursue that..” He said Dr. Sarkodie also raised concerns about the implementation of the 24-Hour Economy policy, arguing that there is a clear disparity between what was promised and what is currently being delivered . He also challenged the logic behind prioritising the construction of 24-hour markets. “Finally, the issue of 24-hour economy. What was promised, what is contained in the document, and what they are delivering are different things. They promised 133. In the document, 133 appears only in one page of the 287 pages. The entire document is about economic transformation.But they’re not even doing economic transformation. They’re focussing on building markets. The market is about buying and selling.What are you going to sell on the market when you have not transformed the economy?Where is the factory to produce what to be sold on the market? For me, this is a bigger question.” He questioned
Finance Minister Dr. Cassiel Ato Forson has
stated that Ghana’s previous debt challenge was not only driven by fiscal deficits but also by the accumulation of liabilities by State-Owned Enterprises that went unchecked for years.
