Ghana Business News Today: Morning Update for 15th August 2025
As Friday morning ascends on August 15th, 2025, Ghana is marked by a dual atmosphere of solemn remembrance and resilient economic fortitude. Today, the nation formally honors the public servants lost in a tragic helicopter crash with a state burial. Simultaneously, the latest economic data reveals a business environment demonstrating robust growth and stability, reinforcing investor confidence. This evening briefing on August 15th, 2025, covers the essential business and national news from Ghana.
A Nation in Mourning: State Burial for Helicopter Crash Victims
Today, Ghana held a state burial at the Military Cemetery at Burma Camp, Accra, for the eight officials who perished in the helicopter crash near Obuasi on August 6, 2025. The nation concludes a three-day period of national mourning, with flags having flown at half-mast. President John Dramani Mahama, speaking at an earlier service, assured the families of the government’s full support for befitting burial rites and reiterated that the nation would gather today to bid a final farewell to the departed compatriots.
The Parliamentary Select Committee on Defence and Interior has vowed to thoroughly review the investigation’s findings to enhance aviation safety protocols. The victims of this national tragedy include several high-ranking government officials and military personnel:
- Dr. Edward Kofi Omane Boamah, Minister of Defence
- Dr. Ibrahim Mohammed Murtala, Minister of Environment, Science, Technology and Innovation
- Alhaji Muniru Limuna Mohammed, Acting Deputy National Security Coordinator
- Samuel Sarpong, Vice Chairman of the National Democratic Congress
- Samuel Aboagye, Deputy Director-General of NADMO
- Squadron Leader Peter Anala, Ghana Air Force
- Flying Officer Twum Ampadu, Ghana Air Force
- Sergeant Ernest Addo, Ghana Air Force
Ghana’s Economic Pulse: Markets and Key Indicators
Despite the somber national mood, the latest business reports from Ghana paint a picture of a resilient and growing economy. Key indicators show positive momentum, suggesting that the country’s economic recovery is on a solid footing as it moves through 2025.
Ghana Stock Exchange (GSE) Performance
The Ghana Stock Exchange (GSE) closed the week with a strong year-to-date performance. As of the market close on Thursday, August 14, 2025, the key indices stood as follows:
| Index | Closing Value (Aug 14, 2025) | Year-to-Date Change |
|---|---|---|
| GSE Composite Index (GSE-CI) | 7,401.50 | +51.41% |
| GSE Financial Stock Index (GSE-FSI) | 3,415.51 | +43.46% |
Recent press releases from the GSE indicate continued activity in the corporate sector, with announcements from Asante Gold Corporation regarding net proceeds and Bayport Savings and Loans PLC on the admission of new notes to the Ghana Fixed Income Market.
Economic Health Check: Growth Up, Inflation Down
Ghana’s macroeconomic outlook remains positive. The economy recorded a promising 5.3% GDP growth in the first quarter of 2025, surpassing expectations. This growth was largely driven by a strong performance in the non-oil sector, which expanded by 6.8%. Key contributing sectors included:
- Information and Communication Technology (ICT): 13.1%
- Finance and Insurance: 9.3%
- Agriculture (Crops and Cocoa): 6.7%
- Manufacturing: 6.6%
Furthermore, inflation continues its downward trend. The annual consumer inflation rate for July 2025 fell to 12.1%, the lowest figure recorded since October 2021. This seventh consecutive monthly decline is supported by a resilient cedi and moderating food prices, bolstering household purchasing power.
Business Sector Outlook and Global Context
Confidence in Ghana’s economic direction remains high among international investors, as noted during a high-level meeting in Washington, D.C. earlier this year. The government’s fiscal discipline, strong domestic revenue collection, and stable international reserves (covering four months of imports) were key factors cited for the positive sentiment.
Investment and Future Events
The focus on private sector development continues, with investment opportunities being highlighted in real estate, energy, agriculture, and education. The business community in Accra is also preparing for the SEED Business School Festival, scheduled for Tuesday, August 19, 2025, at the Accra Marriott Hotel, an event expected to connect aspiring professionals with graduate business programs.
Global Economic Data for August 15, 2025
On the international front, several key economic indicators were released today, shaping the global business environment:
- China: Industrial Production and Retail Sales data for July were released, showing shifts in the world’s second-largest economy.
- United States: Key data points including July Retail Sales, Import/Export Prices, and the preliminary August Michigan Consumer Sentiment index were announced, providing insights into the health of the US economy.
This summary of today’s business news in Ghana for the evening of August 15th, 2025, highlights a nation balancing solemn duties with economic progress. While mourning its losses, the country’s strong economic fundamentals point towards a dynamic and promising future.
