HomeBusiness

Business

Tema Port debunks alleged strike and operational disruptions

Management of the Port of Tema has dismissed reports suggesting strike action or prolonged labour unrest at the facility, insisting that operations remain smooth,...

Cedi depreciation marked most disastrous period in Ghana’s economic management – Kwakye Ofosu

Minister in charge of Government Communications, Felix Kwakye Ofosu, has described the sharp depreciation of the cedi between 2022 and 2023 as the most...

GRA announces major VAT reforms effective January 1, 2026

The Ghana Revenue Authority (GRA) has unveiled sweeping reforms to the national Value Added Tax (VAT) system, set to take effect on Jnauary...

Food prices at risk as Tema Port delays choke rice, sugar imports

The Food and Beverages Association of Ghana (FABAG) says delays at the Tema Port are threatening the supply of key food items, including rice...

Gov’t settles $709 million Eurobond obligation

The Government of Ghana has successfully settled a US$709 million Eurobond obligation ahead of schedule, reinforcing its commitment to economic recovery and prudent debt...

Hon. Kofi Adams brings Christmas cheer to his constituents in Jasikan during Buem experience festival

As part of the ongoing Buem Experience Festival, Hon. Kofi Iddie Adams, Member of Parliament for Buem and Minister for Sports and Recreation, spent...

MTN Ghana announces temporary halt in airtime and data sales on Jan. 2

MTN Ghana has informed subscribers of a brief service disruption scheduled for early January, attributing the planned downtime to adjustments linked to new...

Ghana’s crypto transactions hit $10bn by November – SEC

Ghana has recorded over $10 billion in cryptocurrency transactions as of November, reflecting the rapid growth of virtual assets in the country, according to...

Concerned traders reject mandatory Smart Port Note rollout

A Coalition of Concerned Exporters, Importers and Traders has strongly opposed the Ghana Shippers’ Authority’s (GSA) planned mandatory implementation of the Smart Port Note...

Accept IMF’s gold loss concerns in good faith – Prof Asuming

Economist and University of Ghana lecturer, Professor Patrick Asuming, has questioned attempts by state institutions to downplay the International Monetary Fund’s (IMF) assessment that...

SEC pledges strict oversight to protect investors after passage of Virtual Asset Bill 

Parliament has passed the Virtual Asset Service Providers (VASPs) Bill, establishing a comprehensive legal and regulatory framework for the operation of virtual assets and...

Cedi records year-end rally as diaspora inflows and trade surplus break volatility cycle

In a significant boost to the local economy, the Ghana cedi is entering the final days of 2025 on its strongest footing in 10...

Proper structures are in place to prevent another shutdown – TOR

The Tema Oil Refinery (TOR) has assured Ghanaians and industry experts that firm structures have been put in place to guarantee a steady supply...

T-bills: Government records 19% oversubscription, but interest rates rise

The government recorded a 19.0% oversubscription of treasury bills for the fifth week running. The target for the auction was estimated at GH¢3.3 billion, but...

COPEC calls for sustained funding as TOR resumes crude refining

The Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, has stressed the importance of continuous financial backing to safeguard the long-term...

“There is no Father Christmas in customs” – TAGG raises concerns over GRA–TRUEDARE deal

The Traders Advocacy Group Ghana (TAGG) has raised serious concerns over Parliament’s approval of an agreement between the Ghana Revenue Authority (GRA) and TRUEDARE...

TOR resumes crude oil refining operations with about 28,000 barrels per stream daily

The Tema Oil Refinery (TOR) has officially resumed crude oil refining operations after several years of inactivity, marking a significant milestone in efforts to...

$120,000 stolen from Ghanaian financial institution by hackers – INTERPOL

A Ghanaian financial institution was hit by a major ransomware attack that encrypted vast volumes of data and disrupted critical services, INTERPOL has disclosed. The incident...

Analysis: How GoldBod’s operations led to a $214 million loss at the BoG

The IMF has confirmed that the Bank of Ghana has incurred some losses through the Gold for Reserves programme implemented via the Ghana Gold...

U.S. Commerce flags Ghana’s new mining policy, port delays affecting American firms

Senior officials from the United States Department of Commerce have raised concerns over Ghana’s mining regulations, investor-related bottlenecks, and the status of Ghanaian students...

Four banks including one state bank remain severely undercapitalised – IMF

Despite recent progress, four banks including one state-owned continue to be severely under-capitalised due to unmet capital commitments, higher non-performing loans and, in some...

Return to bond market on gradual basis – IMF to government

The International Monetary Fund has advised the government to begin the issuance of treasury bonds on a gradual basis. The government has given its intention...

Finance Ministry, Afreximbank announce successful resolution of $750million facility

The government and the African Export-Import Bank (Afreximbank) have reached a mutual agreement to resolve issues linked to a US$750 million financing facility signed...

IMF seeks 3-month extension of Ghana’s Programme

The International Monetary Fund (IMF) is proposing a three-month extension of Ghana’s Extended Credit Facility (ECF) programme. According to the IMF, the extension is needed...

Ghana’s financial sector stability sustained but risks remain – IMF

The International Monetary Fund (IMF) has stated that Ghana’s financial sector stability has been maintained, though risks remain. According to the Bretton Woods institution, the...

Any further easing of policy rate should remain gradual and data dependent – IMF to BoG

The International Monetary Fund (IMF) has advised the Bank of Ghana to prioiritise data regarding any further easing of the policy rate. It also wants...

Nkwanta South shoppers lament poor sales as farm produce remains unsold

Some shoppers and traders in the Nkwanta South Municipality of the Oti Region have expressed frustration over poor sales of farm produce, saying the...

Building construction inflation drops to 5.9% in November 2025

Ghana’s building construction sector recorded a further slowdown in inflation in November 2025, offering relief to contractors, developers and households, amid easing cost pressures. According...

Trade and Industry poised for stronger growth in 2026 – Minister

The government is forecasting a stronger performance for Ghana’s trade and industrial sector in 2026, building on policy reforms and regulatory interventions implemented over...

Bond market: Turnover rose by 64.39% to GH¢6.75bn

The secondary bond market advanced strongly this week, posting a 64.39% week-on-week increase in turnover to GH¢6.75bn. The February 2030 remained the market’s liquidity driver,...

Minister for Finance publishes list of institutions complying with Commitment Control Report Directive

The Minister for Finance, on 2nd May, 2025, issued a directive requiring all Covered Entities to submit their Quarterly Commitment Control Reports (CCR) to...

Ghana ranks 23rd position in Africa with highest fuel prices

Despite a significant drop in fuel prices at the pumps, Ghana ends the year placing 23rd on the African continent with the highest prices...

T-bills: Gov’t records 47% oversubscription; interest rates fall

For the fourth week, the government recorded an oversubscription of its treasury bills sale. The target for the auction was estimated at GH¢3.7 billion, but...

Fitch affirms Bank of Africa at ‘BB’, outlook stable

Ratings agency, Fitch, has affirmed Bank of Africa's (BOA) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'BB' with Stable Outlooks. It has also affirmed...

Reforms will shield Ghana from another financial meltdown – BoG Governor

Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, says a new wave of legislative and policy reforms will serve as a critical...

Women in Ahafo receive support to start poultry farming

Twelve women, including persons with disabilities (PWDs), in the Ahafo Region have received support in the form of fowls and essential materials to help...

Eggs-traordinary success: Multimedia Group’s Christmas Egg Market sells out in record time as patrons demand extension

The car park of The Multimedia Group Limited (MGL) was transformed into a bustling hub of commerce and festive cheer this weekend, as the...

GoldBod Jewellery, GTA launch December homecoming promo for diaspora visitors

GoldBod Jewellery Limited (GJL), in partnership with the Ghana Tourism Authority (GTA), has launched a special December promotion aimed at welcoming Ghanaians in the...

Eggs fly off shelves as shoppers throng The Multimedia Group’s X’mas Egg Market on final day

Eggs flew off the shelves on the final day of The Multimedia Group X’mas Egg Market, as a massive turnout of shoppers snapped up...

Trade Minister tours Ekumfi Juice Factory, assures support for expansion

The Minister for Trade, Agribusiness, and Industry, Elizabeth Ofosu-Adjare, has paid a working visit to the Ekumfi Juice Factory as part of the government's...