Ghana’s economy, explained
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…
What is going on OPE? Somewhere in the Middle East, in the year of our Lord 2026, the United States launched a military operation against Iran. Operation Epic Fury they called it. The conflict triggered the closure of the Strait of Hormuz. This is one of the world’s most important oil corridors. About 20% of…
The moment we began April, we heard the price of petrol would be increased at the pump. This change has been somehow blamed on the US-Iran war. But how does Iran’s blocking of the Strait of Hormuz affect our fuel prices? It’s not like we get our fuel from anyone in that neighbourhood. OPE, explain…
The first glimpse the general public got into this issue was about a week ago. This was brought to our attention when the government announced it was going to cut producer prices down for cocoa farmers in Ghana. After this, we saw and read news of keyboards costing upwards of 4,500 a piece (wonder what…
Ghana’s Inflation Falls to about 3.8% in January!? Great News! Now my Valentine’s bill will be cheaper, right? OPE? RIGHT?