HomeBusiness

Business

Mining sector must move from publicity to proof of impact – Chamber of Mines COO

Ghana’s mining sector must go beyond citing billions of cedis in taxes, local purchases and community spending by demonstrating how these contributions improve lives...

Government exceeds T-bills target by 30.5% as demand softens to GH¢2.93bn

The government exceeded its treasury bills target by 30.52% to the tune of GH¢2.93 billion. This is despite demand softening further last week. The Treasury accepted...

BoG arrests seven for using Cedi notes to make money bouquets, cakes

The Bank of Ghana, in collaboration with the Ghana Police Service, has arrested seven people in Accra for allegedly using Ghana cedi banknotes to...

MTN deepens digital financial inclusion drive with MoMo App

MTN Ghana is stepping up efforts to deepen digital financial inclusion by encouraging customers to move beyond traditional mobile money (MoMo) transactions and embrace...

Oil slips as Middle East crude exports rise, G7 to release stocks

Oil prices edged lower on Monday as rising ​Middle East crude exports and a release of oil stocks by the Group of Seven ‌nations...

COCOBOD raises GH¢3.39bn at 11% in first commercial paper tranche

The Ghana Cocoa Board (COCOBOD), through its wholly owned special-purpose vehicle, Cocoa Capital PLC, has raised GH¢3.39 billion from the first tranche of its...

BoG clears Attijariwafa Bank’s takeover of Société Générale Ghana

The Bank of Ghana (BoG) has issued a “No Objection” to the proposed takeover of Société Générale Ghana by Morocco-based Attijariwafa Bank, Joy Business...

Duraplast to resume operations on October 5 after Avenor Kofikrom fire

Duraplast Ltd. has announced plans to resume operations on Monday, October 5, following a fire outbreak at one of its sites at Avenor Kofikrom...

Seven BoG MPC members vote to maintain policy rate at 14% amid inflation, external risks

All seven members of the Monetary Policy Committee (MPC) of the Bank of Ghana voted to keep the policy rate at 14%.  This was captured...

Importers demand GRA probe into alleged diversion of 28 containers at Tema Port

Some importers have petitioned the Ghana Revenue Authority (GRA) to investigate the alleged unauthorised removal, transfer and diversion of 28 containers from the Tema...

Finance Minister demands greater returns from NLA after GH¢10 million dividend presentation

Finance Minister Dr. Cassiel Ato Forson has said the National Lottery Authority (NLA) must generate more revenue for the state, describing its GH¢10 million...

Pump prices may stay unchanged as gov’t holds TOR, Sentuo prices

Fuel prices at the pumps are expected to remain unchanged for at least the next two weeks following a government directive to two local...

GRA welcomes Tribunal decision upholding US$393 million tax assessment

The Ghana Revenue Authority (GRA) on Thursday welcomed an arbitral tribunal’s decision upholding its US$393,091,993.70 tax assessment against Tullow Ghana Limited over business interruption...

COMAC wants fuel taxes frozen to ease pressure on consumers

The Chamber of Oil Marketing Companies (COMAC) is calling for a freeze on fuel taxes and levies as government continues to subsidise diesel amid...

Ghana’s trade surplus drops 70% to US$1.3bn in second quarter of 2026 as imports surge

Ghana’s trade surplus shrank by about 70.0% from US$4.3 billion in the first quarter of 2026 to US$1.3 billion in the second quarter of...

Diesel prices to remain below GH¢20 per litre in October’s first pricing window – NPA CEO

The National Petroleum Authority (NPA) says diesel prices will remain below GH¢20 per litre in the first pricing window of October, following government interventions...

Government moves to make public institutions buy from Ghanaian farmers

Finance Minister Dr Cassiel Ato Forson has announced proposed changes to Ghana’s procurement laws to require public institutions to buy food from Ghanaian farmers. He...

SSNIT increases stake in Société Générale Ghana to 24.36%

The Social Security and National Insurance Trust (SSNIT) has secured an additional 5% stake in Société Générale Ghana, increasing its shareholding from 19.36% to...

Who is Attijariwafa Bank set to take over majority stake in Société Générale Ghana?

Société Générale Group has announced an agreement with Pan-African banking group Attijariwafa Bank to sell its majority stake in Société Générale Ghana. The transaction is...

Gov’t to suspend GH¢1 D-Levy on diesel for October, November

The government is to temporarily suspend the GH¢1-per-litre Energy Sector Shortfall and Debt Repayment Levy (D-Levy) on diesel for October and November. The measure will...

Societe Generale Group agrees to sell Ghana subsidiary to Attijariwafa Bank

Société Générale Group has signed an agreement with pan-African banking group Attijariwafa Bank to sell its majority stake in Société Générale Ghana. Under the agreement,...

BoG signals no FX intermediation for October as GoldBod plans $1bn support for banks

The Bank of Ghana (BoG) has signalled that it does not anticipate undertaking a foreign exchange (FX) intermediation programme in the market in October...

Gov’t extends GH¢2 diesel subsidy for two more months

Government has extended the GH¢2-per-litre subsidy on diesel for two more months as it continues its efforts to cushion consumers from rising fuel prices. JoyBusiness...

GoldBod beats September FX target, eyes US$1.5bn in October

The Ghana Gold Board (GoldBod) earned US$1.871 billion in foreign currency from its small-scale gold trade in September. That is about US$471 million more...

Food and Beverages Association commends Ato Forson’s performance as Finance Minister

The Food and Beverages Association of Ghana has commended Finance Minister Dr. Cassiel Ato Forson for his performance in office, particularly his decision to...

Ghana ranks fifth in sub-Saharan Africa for crypto adoption, with annual transactions estimated at $21bn

Ghana is the fifth largest crypto market in sub-Saharan Africa with adoption increasing. Data suggests that between 8% and 17% of the population have bought...

ICU-Ghana urges GHABA members to turn skills into sustainable businesses

The Industrial and Commercial Workers’ Union (ICU-Ghana) has urged members of the Ghana Hairdressers and Beauticians Association (GHABA) to transform their skills and creativity...

Building construction inflation rises to 4.6% in August 2026

The cost of constructing buildings in Ghana increased in August 2026, with the Combined Prime Building Cost Index (PBCI) rising by 4.6 percent year-on-year,...

Ghana wins ICC arbitration against Tullow over US$393m tax assessment

Ghana has emerged victorious in a major international tax dispute with Tullow Ghana Limited, with an arbitral tribunal dismissing the oil company’s claims and...

High Court affirms GSA’s authority to enforce refund directive

The High Court in Accra has affirmed the Ghana Shippers’ Authority’s power to enforce its regulatory directives, ordering a shipping service provider to refund...

Cedi remains under pressure due to Christmas demand, going for GH¢11.90 at forex bureaus

The cedi remained under pressure over the fortnight, extending its year-to-date depreciation against the US dollar to 10.04%. In the interbank market, the currency weakened...

COPEC predicts rise in fuel, LPG prices from October 1

Petroleum consumers are set to face higher prices at the pumps from Thursday, October 1, 2026, with diesel expected to record the biggest increase,...

Borrowing costs cut by more than half – Finance Minister

Finance Minister Dr Cassiel Ato Forson says the government has reduced the cost of borrowing by more than half since President John Dramani Mahama...

SEC shuts down Nyak-City Hostels over unlicensed investment scheme

The Securities and Exchange Commission (SEC) has shut down Nyak-City Hostels Limited for offering investment products to the public without the required licence. The company,...

Mahama holds talks with China Vice President in New York to strengthen cooperation

President John Dramani Mahama has used his engagements at the United Nations General Assembly in New York to hold talks with China’s Vice President,...

MoFA asks Finance Ministry to reverse Ghana’s exit from $643.87m food resilience programme

The Ministry of Food and Agriculture (MoFA) has appealed to the Ministry of Finance to reconsider Ghana’s decision to withdraw from the West Africa...

GoldBod makes XRF assay mandatory for local gold purchases from October 1

The Ghana Gold Board (GoldBod) has announced changes to the assay regime for local gold purchases, making X-Ray Fluorescence (XRF) the definitive method for...

GRTCC blames coin shortage for rounding up transport fares after 8% increase

The Ghana Road Transport Coordinated Council (GRTCC) says the shortage of coins in circulation is contributing to some transport fares being rounded up following...

S&P affirms Ghana’s “B-/B” credit ratings with stable outlook

Standard and Poor's (S&P) Global has affirmed Ghana’s credit ratings at “B-/B” on the country’s long- and short-term foreign currency as well as the...

Foreign tourists stay longer as domestic guests dominate Ghana’s accommodation market – GSS

Domestic travellers continue to dominate Ghana’s accommodation market, but foreign visitors tend to stay significantly longer, highlighting the importance of increasing the length of...