The High Street Business

22/05/2026

Why Ghana’s Cedi Stability Matters More Than Most Businesses Think: Import Costs, Borrowing Spreads and the Real Price of a Weak Currency

The cedi has depreciated 8.4% in 2026 after a 40% gain in 2025. Our deep-dive analysis reveals how currency movements impact import costs, interest rates, and business margins — and why cedi stability is your most important business input. Why Ghana's Cedi Stability Matters More Than Most Businesses Think The Ghana cedi has just completed its most remarkable year in a generation....

The cedi has depreciated 8.4% in 2026 after a 40% gain in 2025. Our deep-dive analysis reveals how currency movements impact import costs, interest rates, and business margins — and why cedi stability is your most important business input. Why Ghana’s Cedi Stability Matters More Than Most Busine...

22/05/2026

Who Wins in Ghana’s Digital Banking Boom? The Battle Between Telcos, Banks and Fintechs

GH¢493bn in monthly mobile transactions, but who profits? Our deep-dive analysis reveals GhanaPay vs MTN MoMo, open banking, cybersecurity directives and the battle for Ghana's digital financial future. Who Wins in Ghana's Digital Banking Boom? The numbers are staggering, but they barely tell the story. In April 2026 alone, mobile money transactions in Ghana reached GH¢493.2 billion — a monthly volume that exceeds the country's entire annual GDP....

GH¢493bn in monthly mobile transactions, but who profits? Our deep-dive analysis reveals GhanaPay vs MTN MoMo, open banking, cybersecurity directives and the battle for Ghana’s digital financial future. Who Wins in Ghana’s Digital Banking Boom? The numbers are staggering, but they barely tell t...

22/05/2026

Why SME Loans in Ghana Remain Expensive: The Real Cost of Credit for Small Businesses

Average lending rates have fallen to 19.2%, yet SMEs still face a US$4.8bn financing gap. Our deep-dive analysis reveals six structural reasons SME loans in Ghana remain expensive — from collateral barriers to NPL risks. Executive Introduction The numbers are moving in the right direction — just not for the people who need it most. Between February 2025 and February 2026, the average commercial bank lending rate in Ghana fell from 30.12 per cent to 19.2 per cent — a decline of nearly 11 percentage points....

Average lending rates have fallen to 19.2%, yet SMEs still face a US$4.8bn financing gap. Our deep-dive analysis reveals six structural reasons SME loans in Ghana remain expensive — from collateral barriers to NPL risks. Executive Introduction The numbers are moving in the right direction — just...

21/05/2026

Inside Ghana’s Mobile Money Economy: Who Really Profits? — Revenue Flows, Agent Struggles and the Battle for Digital Finance

Inside Ghana's Mobile Money Economy: Who Really Profits? —GH¢4.1 trillion in mobile money transactions, but who captures the value? Our deep-dive analysis reveals MTN's GH¢6bn fintech revenue, agent margins, regulatory shifts and the battle for digital finance in Ghana. Inside Ghana's Mobile Money Economy: Who Really Profits? — Revenue Flows, Agent Struggles and the Battle for Digital Finance GH¢4.1 trillion....

Inside Ghana’s Mobile Money Economy: Who Really Profits? —GH¢4.1 trillion in mobile money transactions, but who captures the value? Our deep-dive analysis reveals MTN’s GH¢6bn fintech revenue, agent margins, regulatory shifts and the battle for digital finance in Ghana. Inside Ghana’s Mobi...

20/05/2026

Why Banks in Ghana Are Quietly Changing Their Lending Strategy: The End of T-Bill Reliance and the Return to Private Sector Credit

Why Banks in Ghana Are Quietly Changing Their Lending Strategy - T-bill yields collapsed from 35% to 4.91%, forcing Ghana's banks to abandon risk-free returns and return to private sector lending. Our deep-dive analysis reveals the strategic pivot, digital threats and what it means for businesses. Why Banks in Ghana Are Quietly Changing Their Lending Strategy: The End of T-Bill Reliance and the Return to Private Sector Credit…...

Why Banks in Ghana Are Quietly Changing Their Lending Strategy – T-bill yields collapsed from 35% to 4.91%, forcing Ghana’s banks to abandon risk-free returns and return to private sector lending. Our deep-dive analysis reveals the strategic pivot, digital threats and what it means for businesse...

20/05/2026

Why Treasury Bills Became Ghana’s Hottest Investment Again — The Extraordinary Journey From 35% to 4% and Back

Why Treasury Bills Became Ghana's Hottest Investment Again — T-bill yields collapsed from 35% to 4.91% — yet investors are oversubscribing by 35%. Our deep-dive analysis reveals the post-DDEP trust recovery, yield curve dynamics, and what comes next for Ghana's hottest fixed-income market. Why Treasury Bills Became Ghana's Hottest Investment Again — The Extraordinary Journey From 35% to 4% and Back…...

Why Treasury Bills Became Ghana’s Hottest Investment Again — T-bill yields collapsed from 35% to 4.91% — yet investors are oversubscribing by 35%. Our deep-dive analysis reveals the post-DDEP trust recovery, yield curve dynamics, and what comes next for Ghana’s hottest fixed-income market. W...

19/05/2026

Bolt drivers in Ghana earn GHS 10,000-15,000 monthly net after fuel and commission. Analysis of daily earnings, operating costs, and the impact of 25-30% platform commissions.

19/05/2026

Hubtel evolved from an SMS startup to Ghana's largest payment processor, processing 10M+ daily transactions. Analysis of its super-app model, AWS migration, and two-decade journey.

From SMS to everything: The two-decade journey of Ghana’s most ambitious digital native QUICK FACTS BOX Category Details Company Hubtel Founded 2005 (as SMSGH) Founders Alex Bram, Ernest Apenteng, Leslie Gyimah Headquarters Accra, Ghana Industry Fintech / Digital commerce / Payments Employees ~700...

18/05/2026

Why Ghana’s Interest Rates Remain High Despite Inflation Cooling: The Structural Trilemma Facing Bank of Ghana

Why Ghana’s Interest Rates Remain High Despite Inflation Cooling - Inflation has fallen to 3.4% but Ghanaian businesses still face lending rates above 20%. Our deep-dive analysis reveals four structural reasons why interest rates remain high, from fiscal dominance to cedi constraints. Ghana has just completed one of the most dramatic disinflation episodes in African economic history. Headline inflation fell from above 54 per cent in December 2022 to 3.2 per cent in March 2026, then edged up marginally to 3.4 per cent in April....

Why Ghana’s Interest Rates Remain High Despite Inflation Cooling – Inflation has fallen to 3.4% but Ghanaian businesses still face lending rates above 20%. Our deep-dive analysis reveals four structural reasons why interest rates remain high, from fiscal dominance to cedi constraints. Ghana has ...

18/05/2026

Forex bureaus in Ghana profit from the buy-sell spread (5–8% on USD). Analysis of how they set rates, regulatory costs (GH¢2,000 licence fee), and the Ghana Card directive

The spread, the scramble, and the small window on the world’s largest market QUICK FACTS BOX Category Details Industry Foreign exchange retail / Bureau de change Typical Business Model Spread-based (buy low, sell high) + volume turnover Primary Revenue Driver The spread (difference between buy and...

18/05/2026

Mobile money agents in Ghana earn from cash-out commissions (0.4%), airtime, bill payments, and ancillaries. Analysis of earnings, costs, and the 46% active agent rate.