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May 18, 2026
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Working Ghanaians show signs of financial recovery, but long‑term vulnerability persists – Old Mutual Financial Wellness Monitor
Money
Policy
Opportunity
Growth
Key Points
- Working Ghanaians are experiencing increased optimism, improved financial discipline, and reduced stress due to a stabilising macroeconomic environment.
- Economic confidence has more than doubled (22% to 48%), with nearly 80% expecting personal financial improvement and stress levels halved.
- Despite income growth (37% report earning more), financial vulnerability remains high, with 39% fearing income loss and many engaging in 'poly-jobbing'.
- Savings behavior is strengthening, with 24% of income saved, but remains largely short-term and informal (e.g., mobile money, Susu), with low retirement preparedness.
- A significant gap exists between intent and action for long-term financial planning, driven by limited access to professional advice and declining confidence in investment decisions.
Why This Matters
This research is crucial for Ghana as it highlights the fragile nature of household financial resilience despite broader economic recovery, indicating that many households remain vulnerable to shocks. The prevalence of short-term savings and low retirement preparedness poses long-term risks for social welfare and economic stability. It underscores the urgent need for enhanced financial literacy, increased engagement with formal financial solutions, and building trust in the financial system to foster sustainable financial wellness across the population.
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GoldBod denies GH¢1bn BoG overdraft claim, demands retraction and apology from Boako
- The Ghana Gold Board (GoldBod) has vehemently denied claims by MP Dr. Gideon Boako that it owes the Bank of Ghana (BoG) a GH¢1 billion overdraft.
- Dr. Boako, a Deputy Ranking Member on Parliament’s Finance Committee, questioned GoldBod's reported GH¢907 million profit, stating an outstanding overdraft would reflect a loss.
- GoldBod labeled Dr. Boako’s claim as “totally false,” a “deliberate and malicious smear campaign,” and demanded a retraction and apology.
- This dispute is set against a broader political and economic debate concerning GoldBod’s financial performance and the accounting treatment of GH¢22 billion losses from the Domestic Gold Purchase Programme (DGPP).
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GoldBod losses remain key on Minority agenda as Parliament reconvenes – Afenyo-Markin
- The NPP Minority Leader, Alexander Afenyo-Markin, reaffirmed the caucus's commitment to investigate a reported US$1.7 billion loss linked to the Bank of Ghana’s Domestic Gold Purchase Programme and the Ghana Gold Board (GoldBod).
- This commitment was reiterated after Afenyo-Markin met with NPP flagbearer Dr Mahamudu Bawumia in Accra.
- Dr Bawumia commended the Minority Caucus for its accountability efforts and encouraged their continued work.
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- The Minority is resolute in pursuing the matter to get answers for the Ghanaian public regarding the circumstances of the loss.
August 23, 2026
Why celebrate $2.62bn FDI while losing $1.7bn under the Domestic Gold Programme? IERPP asks
- The Institute of Economic Research and Public Policy (IERPP) welcomes Ghana's US$2.62 billion Foreign Direct Investment (FDI) as a sign of investor confidence.
- However, IERPP tempers this optimism with concern over an estimated GH¢22 billion (US$1.7 billion) loss from the Domestic Gold Purchase Program (DGPP).
- The DGPP loss is significant, equating to about 65 cents for every US$1 of FDI attracted, highlighting a major resource management issue.
- IERPP emphasizes that while FDI is crucial, it cannot substitute for prudent management and protection of existing public resources.
- The Institute calls for greater transparency, a clear breakdown of DGPP losses, and intense scrutiny from accountability institutions, Parliament, and civil society.