Ghana’s economy, explained
Debt exchange is a hard thing. Going back to tell the ones you borrowed from that you cannot pay back and asking them to accept new repayment terms is truly not easy. What’s more, we don’t borrow from one source, but from different sources. Thus, even though we have renegotiated some of our debt, there…
On Monday, July 6, 2026, the Ministry of Finance announced that Ghana had settled a $700 Million Eurobond. What is that, and how does it concern you? Let’s break down the letter and see how it affects you. What is a Eurobond? First of all, the name Eurobond is very misleading. It doesn’t always mean…
Floods Floods. This is when water abnormally gathers in an area that is usually dry. Well, the same thing is happening in Ghana this year. Somewhere in May, heavy rains hit many parts of the country. The heavy rains caused a lot of flash floods in many towns and city areas. Flash floods are usually…
Over the past few months, words like leases, licences, and rejections have been flying around in headlines about Ghana’s mining sector. OPE, what’s going on? This particular story is about Gold Fields, one of the world’s largest gold mining companies, and its Damang mine in the Western Region. A 30-Year Relationship In April 1995, the…
What is going on with your MoMo? On May 25, 2026, MTN mobile money users received a text message from Mobile Money Fintech Limited. The message announced that starting from June 1, every transfer from your MoMo wallet to a bank account would attract a 0.75% charge, capped at GH¢5 per transaction. If you move…
Ghana is on its way out of the IMF. But do you know what the IMF is, or why we ended up there? In this piece, we go back to where it all began, explain what really happened to Ghana’s economy, and break down what this exit means for your everyday life. The story is…
image By Natsubee – Own work, CC BY-SA 3.0, Link Last week, we provided readers with a simplified explanation of the reported BoG loss. As a recap, we talked about how the IMF and fighting inflation contributed to the loss. You can read more about that here. This week, we continue with a breakdown explaining…
image from the Bank of Ghana Facebook page OPE, the Bank of Ghana announced it lost a total of GH¢15.6 billion for 2025. That is a big number! How does it affect me? The BoG is not a Commercial Bank This means the Bank of Ghana’s purpose is not to make a profit. It does…
Image by evening_tao on Magnific Background Last week, while we were seriously discussing how the war in Iran is affecting us, we heard a banger of a story. There was a fire at the GRIDCo substation at Akosombo which knocked out a power station. Almost immediately, we started experiencing persistent power outages. What’s more we…
Image by jplenio1 on Magnific What happens next: rationing When supply dropped suddenly and the demand stayed the same. Unfortunately since there is not enough power, the grid cannot serve everyone simultaneously. The result is everyone takes small small so it can go around. That is what is called load shedding. Operators rotate outages across…