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We knew what we were doing – BoG fires back after cedi gains 12%

First Deputy Governor of the Bank of Ghana, Dr. Zakaria Mumuni, says the cedi's performance is not only a dramatic reversal from last year...

Bawumia criticises Global Policymakers over trade deficit misdiagnosis

Former Vice President, Dr. Mahamudu Bawumia, has criticised contemporary global policymakers for failing to heed the fundamental lessons of history and economics, particularly in...

Business planning at risk amid volatile cedi appreciation — Kenneth Thompson

Former Chief Executive of Dalex Finance, Kenneth Thompson, has raised concerns over the sudden appreciation of the Ghanaian cedi against the US dollar, warning...

Strengthen foreign reserves for long-term stability – Prof Bokpin urges

An economist at the University of Ghana Business School, Professor Godfred Bokpin, has emphasised the urgent need for Ghana to strengthen its foreign reserves...

Prof Bokpin calls for urgent reforms, private sector role in power distribution

Economist Prof Godfred Bokpin has highlighted critical challenges facing Ghana’s energy sector and called for urgent structural reforms, including private sector participation. Speaking on JoyNews’...

Moody’s downgrades US credit rating citing rising debt

The US has lost its last triple-A credit score from a major ratings firm after being downgraded by Moody's, which cited growing federal debt...

Gov’t to acquire 200,000 hectares for cocoa plantations to boost production – Finance Minister

The Minister for Finance, Dr. Cassiel Ato Forson, has announced an ambitious government plan to acquire 200,000 hectares of land for cocoa plantations as...

11-Member Ghana Cocoa Board inaugurated with pledge to revive sector

An eleven-member Board of Directors for the Ghana Cocoa Board (COCOBOD) has been officially inaugurated at a brief but significant ceremony held at the...

MPs push for intervention amid worsening cement shortage

Ghana is currently facing a nationwide cement shortage that has caused sharp price hikes and growing concern across the construction sector. In response, the Chairman...

We’ve already hit IMF target – BoG Deputy Governor declares reserve milestone

The First Deputy Governor of the Bank of Ghana (BoG), Dr. Zakari Mumuni, has stated that Ghana has already exceeded the ambitious reserve target...

GNPC Ag. CEO outlines strategic upstream reset at Africa Energies Summit

At the 8th edition of the Africa Energies Summit, Kwame Ntow Amoah, Acting CEO of the Ghana National Petroleum Corporation (GNPC), presented a forward-looking...

Fuel prices to witness biggest drop of 8% today

Prices of Petroleum Products Set for Biggest Drop at Pumps Today, May 16, 2025. According to the Chamber of Oil Marketing Companies (COMAC) Pricing Outlook...

Finance and Energy expert urges support for new gas plant

Ghana’s economic and energy future stands at a pivotal moment as government plans for a Second Gas Processing Plant (GPP II) move forward. According to...

BoG settles brouhaha on over-the-counter dollar withdrawal

The Bank of Ghana (BoG) has clarified that existing rules on foreign exchange withdrawals remain in force. This follows claims by BoG board member and...

Bank of Ghana clarifies Foreign Exchange withdrawal rules

The Bank of Ghana has reaffirmed its existing regulations on foreign exchange withdrawals under its mandate from the Foreign Exchange Act, 2006 (Act 723). In...

Ghana falls to 20th position in Africa for lowest fuel price

Ghana dropped significantly to the 20th position from the 13th position for the lowest fuel price in Africa. According to GlobalPetrolPrices.com, Ghana’s average petrol price...

BoG Governor calls for trust-based partnerships to accelerate Fintech and digital initiatives

The Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, has called for collaboration to promote fintech and digital initiatives to enhance Africa’s...

Some shops, supermarkets slash prices as cedi strengthens

Some major shopping outlets and supermarkets have begun reducing the prices of their products and items on sale due to the cedi’s appreciation against...

We’re guiding the cedi to its true level – Isaac Adongo

Bank of Ghana Board Member Isaac Adongo says the recent calm in the cedi’s volatility is the result of a deliberate and coordinated policy...

Building robust VAT without COVID levy – Adongo

Bank of Ghana Board Member Isaac Adongo has said the government is fully committed to eliminating the unpopular COVID-19 levy and is working towards...

Government, traders agree to cut prices of goods if…

The Ministry of Trade, Agribusiness and Industry, together with key trade associations, has agreed to reduce the prices of finished goods within the next...

Gov’t can’t force price reductions despite cedi gains – Trade Minister

The Minister for Trade, Industry, and Agribusiness, Elizabeth Ofosu-Adjare, says the government cannot compel traders to reduce prices despite recent macroeconomic improvements such as...

Fuel prices to drop by Friday on the back of cedi’s appreciation – COMAC

Prices of petroleum products are expected to drop at the pumps starting Friday, May 16, 2025, the Chamber of Oil Marketing Companies (COMAC) has...

Depoliticise business for national growth – Ayine

Attorney General Dr Dominic Ayine has raised concerns about the increasing politicisation of business in Ghana, calling for a fair and transparent environment that...

Yam prices surge at Dambai market as season unfolds

Dambai Market in the Krachi East Municipality of the Oti Region is currently experiencing a significant surge in yam prices as the harvesting season...

Infrastructure alone not enough for robust payment system – Governor

The Bank of Ghana has indicated that infrastructure alone is not enough to build a robust and efficient payment system in Ghana and across...

Cedi to continue appreciating; one dollar trades at GH¢13.60

The Ghana cedi gained 6.25% week-on-week against the dollar in the retail market, cementing its position as the best currency among a basket of...

Gov’t cannot push price reduction on traders – Trade Minister

Minister for Trade, Industry and Agribusiness, Elizabeth Ofosu-Adjare, says government cannot compel traders to reduce prices despite the recent appreciation of the cedi, but...

New Gas Processing Plant will be a game-changer for Ghana – Finance Minister

Finance Minister Dr. Cassiel Ato Forson has described the planned Second Gas Processing Plant (GPP II) as a game-changing project that will transform the...

Implementation Committee for Second Gas Processing Plant inaugurated

Government has inaugurated an Implementation Committee to oversee the delivery of Ghana’s Second Gas Processing Plant (GPP II), a major infrastructure project expected to...

GUTA slams PURC over tariff increase despite stronger cedi

The President of the Ghana Union of Traders Association (GUTA), Dr Joseph Obeng, has condemned the recent electricity tariff increase, describing it as unjustified...

Food prices set to drop – Importers

Prices of some foodstuffs and products are expected to go down from this week. This will affect imported products and other items brought in by...

Cedi named world’s best-performing currency as confidence grows

Ghana's national currency, the cedi, is currently enjoying a rare moment in the global spotlight. According to a recent Bloomberg report, the local unit has...

Kosmos Energy to invest $2.0 billion in Ghana’s upstream sector

Kosmos Energy is set to invest $2.0 billion in its upstream operations in Ghana, significantly enhancing the country’s petroleum sector. According to the Minister of...

World Bank hails Ghana as SOCO project exceeds targets

The World Bank has commended Ghana for the remarkable progress achieved under the Gulf of Guinea Northern Regions Social Cohesion (SOCO) Project, describing its...

Gas Supply to Atuabo temporarily disrupted after technical fault on FPSO

A technical fault on the Jubilee Floating Production Storage and Offloading (FPSO) vessel, also known as the Kwame Nkrumah FPSO, temporarily disrupted gas exports...

Africa’s debt sustainability worrying; debt increased by $6bn in 2024 – Report

Africa’s debt sustainability has become a pressing concern, advisory firm Bridgewater Advisors has stated in its Africa Economic Outlook report. According to the firm, the...

Ghana, Côte d’Ivoire record highest trade surpluses in West Africa in 2024

Ghana and Côte d'Ivoire recorded the highest trade surpluses of approximately $4.1 billion and $2 billion respectively in West Africa in 2024. According to advisory...

Fiscal discipline, not austerity – Economist explains cedi’s turnaround

Economics lecturer at the University of Ghana, Professor William Baah Boateng, says that the government's approach to managing expenditure, rather than drastic budget cuts,...

Demand for forex as store of value has decreased – GUTA

The Ghana Union of Traders' Associations (GUTA) says the recent appreciation of the cedi is being driven in part by a sharp reduction in...