Daily Financial Briefing
GHANA
07 August 2026
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Ghana Financial Briefing

07 August 2026

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1. MARKET OVERVIEW

Index / MarketValueChange% Change
GSE Composite Index4,812.34+28.67+0.60%
GSE Financial Stock Index2,103.56+14.22+0.68%
Market Capitalisation (GHS bn)87.4+0.5+0.58%
Total Volume Traded (shares)1,243,500
Total Value Traded (GHS m)6.82

Top Gainer: MTN Ghana — +2.3%

Top Loser: CAL Bank — -1.1%

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2. CURRENCY AND FOREX

Currency PairBuying RateSelling RateMid Rate
GHS / USD14.8214.9714.90
GHS / EUR16.3416.5116.43
GHS / GBP19.1219.3119.22
GHS / CNY2.042.082.06
GHS / ZAR0.810.840.83

MetricValue
Bank of Ghana Policy Rate27.50%
Interbank Rate (overnight)26.80%
GHS YTD Change vs USD-4.2%

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3. ECONOMIC INDICATORS

IndicatorPeriodValue
GDP Growth RateQ1 20265.8%
Inflation Rate (CPI)July 202618.4%
Food InflationJuly 202621.2%
Non-Food InflationJuly 202615.6%
Fiscal Deficit (% GDP)H1 2026-3.8%
Public Debt (GHS bn)June 2026742.6
Public Debt (% GDP)June 202668.3%
Gross International ReservesJune 2026USD 6.2 bn
Import Cover (months)June 20263.4

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4. BANKING SECTOR

MetricValuePeriod
Total Banking Assets (GHS bn)318.4May 2026
Total Deposits (GHS bn)214.7May 2026
Total Loans & Advances (GHS bn)98.3May 2026
Non-Performing Loan Ratio22.6%May 2026
Capital Adequacy Ratio14.8%May 2026
Average Lending Rate34.2%July 2026
Average Savings Rate8.6%July 2026
91-Day T-Bill Rate28.34%07 Aug 2026
182-Day T-Bill Rate29.12%07 Aug 2026
364-Day T-Bill Rate30.05%07 Aug 2026

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5. TRADE AND INVESTMENT

IndicatorValuePeriod
Merchandise Exports (USD bn)4.82Q1 2026
Merchandise Imports (USD bn)3.94Q1 2026
Trade Balance (USD bn)+0.88Q1 2026
Gold Exports (USD bn)2.14Q1 2026
Cocoa Exports (USD bn)0.73Q1 2026
Oil & Gas Exports (USD bn)1.18Q1 2026
FDI Inflows (USD m)412.6Q1 2026
Remittances (USD m)1,034.5Q1 2026

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6. KEY FINANCIAL NEWS

  • **IMF Programme Tranche:** Ghana cleared **USD 360 m** fourth tranche disbursement confirmed for Q3 2026 drawdown.
  • **Gold Price Impact:** Spot gold at **USD 2,748/oz** boosting Minerals Commission revenue projections.
  • **Eurobond Market:** Ghana's **2029 Eurobond** trading at **91.4 cents on the dollar**; yield at **11.82%**.
  • **Cocoa Board (COCOBOD):** Signed **USD 1.2 bn** pre-export syndicated loan facility for 2026/27 season.
  • **Mobile Money:** July 2026 mobile money transaction value reached **GHS 148.6 bn**, up **+12.4% YoY**.
  • **Petroleum Revenue:** Ghana Petroleum Funds received **GHS 2.3 bn** in July 2026 transfer.
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    7. OUTLOOK

    MetricProjectionPeriod
    GDP Growth Forecast6.1%Full Year 2026
    End-Year Inflation Target15.0%Dec 2026
    Fiscal Deficit Target (% GDP)-4.2%Full Year 2026
    GHS/USD Projected Rate15.40Dec 2026
    Next MPC Decision18 September 2026

    Next Bank of Ghana Monetary Policy Committee meeting outcome will be key for rate direction and cedi stability trajectory.