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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...

Prof Bokpin warns gov’t over 2026 budget

Economist Professor Godfred Bokpin has cautioned that Ghana’s current fiscal trajectory is not sustainable beyond 2026, urging the government to align its budget with...

Bond Market: Secondary activity eases 2.67% to GH¢1.23bn

Activity in the secondary bond market declined by 2.67% week-on-week to GH¢1.23 billion, down from GH¢1.26 billion. Trading remained concentrated in the General Category bonds,...

Prices will only fall if… – GUTA

The President of the Ghana Union of Traders’ Associations (GUTA) says the reason prices of goods remain high despite the cedi's recent gains is...

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...

GUTA urges immediate price adjustment as cedi strengthens

The Ghana Union of Traders’ Associations (GUTA) has called on traders to adjust prices immediately in response to the recent appreciation of the cedi. In...

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...

Centre for Democratic Movement slams Mahama over U-turn on COVID-19 Levy

The Centre for Democratic Movement (CDM) has sharply criticised President John Dramani Mahama and his administration for what it describes as a betrayal of...

“A welcome break for Ghanaians” – Joe Jackson hails Cedi’s rise

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...

S&P upgrades Ghana’s credit rating to CCC+, cites strong progress

In a significant endorsement of Ghana’s economic recovery efforts, global credit rating agency S&P Global Ratings has upgraded the country’s foreign-currency sovereign credit rating...

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...

What do I do with my dollars? – GUTA reveals growing panic among traders holding on to forex

Charles Kusi Appiah, Head of the Business and Economic Bureau of the Ghana Union of Traders Association (GUTA), has revealed a growing sense of...

Don’t celebrate cedi gains if… – Prof. Baah Boateng

An Economics lecturer at the University of Ghana, Professor William Baah Boateng, has issued a direct challenge to Ghanaian importers and traders benefiting from...

The fundamentals haven’t changed – Lecturer cautions against cedi hype

An Economics lecturer at the University of Ghana says the recent cedi appreciation must be viewed with caution, warning that the underlying fundamentals of...

If you don’t need that forex, liquidate it – GUTA advises traders

Charles Kusi Appiah, Head of the Business and Economic Bureau of the Ghana Union of Traders’ Associations (GUTA), has warned individuals and businesses against...

FABAG pushes for national price reduction campaign amidst price fall

The Food and Beverage Association of Ghana (FABAG) has announced that prices of key commodities within the sector are beginning to fall, with further...

Cedi’s appreciation not a ‘nine-day wonder’ – Finance Minister

Finance Minister, Dr. Cassiel Ato Forson, has assured stakeholders that the recent appreciation of the Ghanaian cedi is not a fleeting development but the...

COCOBOD CEO says road construction not part of board’s mandate

The Chief Executive Officer of the Ghana Cocoa Board (COCOBOD), Dr. Ransford Abbey, has stated that road construction is not part of the Board’s...

Bawumia’s Gold-for-Reserve Programme stabilising the cedi – Kofi Bentil

Senior Vice President of policy think tank IMANI Africa, Kofi Bentil, has credited Dr. Mahamudu Bawumia’s gold-for-reserve initiative as a key factor in the...

GUTA commends President Mahama’s efforts in first 120 days

The President of the Ghana Union of Traders Association (GUTA), Dr. Joseph Obeng, has praised President John Mahama for the strides made in his...

COVID levy still with us – Mahama cites IMF deal, assures future review

President John Mahama has explained why the controversial COVID-19 Health Recovery Levy remains, despite his sweeping tax reform agenda. He pointed directly to conditions under...

GoldBod: Forex reserves surge on record small-scale gold exports under Mahama

Data released by the Ghana Gold Board (GoldBod) indicates increased gold exports and revenue in recent months. When compared to trade volumes and earnings from...

Ghana Labour Department launches nationwide ‘JOBS’ roadshow to boost employment opportunities

The Labour Department under Ghana’s Ministry of Labour, Jobs and Employment has launched the ‘JOBS’ Roadshow Campaign. Dubbed “Just One Bold Step”, the nationwide effort...

April 2025 inflation slows to 21.2%; fifth consecutive decline

Inflation for the month of April 2025 slowed marginally to 21.2 percent from 22.4 percent in March. The drop was influenced by decline in food...

BoG reaffirms commitment to cybersecurity through strategic collaboration and reform

The Bank of Ghana (BoG) has reaffirmed its commitment to strengthening cybersecurity in the financial sector through enhanced collaboration and regulatory reform. At the Financial...

Dr. Wisdom Dogbey appointed Managing Director of Cocoa Marketing Company

Dr. Wisdom Kofi Dogbey has been appointed as the new Managing Director of the Cocoa Marketing Company (CMC), a subsidiary of Ghana Cocoa Board...

GRA partners SSNIT, registrar to boost revenue

The Ghana Revenue Authority (GRA) has begun discussions with key agencies such as the Registrar of Companies and the Social Security and National Insurance...

BoG’s gold reserves hit 31.37tn in April 2025

The Bank of Ghana’s (BoG) total gold reserves reached 31.37 tonnes in April 2025. This was contained in a market data released by the BoG...

BoG’s gold reserves hit 31.37tn ending April 2025

The Bank of Ghana’s (BoG) total gold reserves reached 31.37 tonnes ending April 2025. This was contained in a market data released by the BoG...

Cedi trades at GH¢14.60 per dollar; BoG injects US$490m in April

The Ghana Cedi started the week on a losing streak despite a strong performance in April 2025. The local currency sold at GH¢14.60 to one...