HomeBusiness

Business

1 litre, GH¢1: New fuel levy looms as Finance Minister submits request to Parliament

Finance Minister Dr Cassiel Ato Forson has sparked controversy in Parliament with the introduction of the Energy Sector Levy (Amendment) Bill under a certificate...

Small-Scale gold exports surpass large-scale for first time – GoldBod CEO

For the first time in Ghana’s history, gold exports from the artisanal small-scale mining (ASM) sector have overtaken exports from large-scale producers, marking what...

Finance Minister inaugurates SSNIT Board, warns against politically-motivated asset sales

The Minister for Finance, Dr. Cassiel Ato Forson, has inaugurated the new Board of Trustees for the Social Security and National Insurance Trust (SSNIT),...

BoG targets loan defaulters in new regulatory measures

Commercial banks will now be required to disclose blacklisted willful defaulters in their audited financial statements, along with sectoral breakdowns of non-performing loan (NPL)...

Goldbod rakes in $1.17 billion after first full month – Finance Minister

Finance Minister Dr. Cassiel Ato Forson has disclosed that Ghana earned over $1.1 billion in foreign exchange during the first full month of operations...

BoG introduces new rules on interest charges, pricing, and bank recapitalisation

The Bank of Ghana (BoG) has introduced new regulatory measures targeting interest charges on digital platforms, pricing on forex (FX) transactions, Non-Performing Loans (NPLs),...

Fuel prices drop across Ghana as projected – ASEC

Fuel prices across Ghana have started to fall, bringing much-needed relief to consumers and businesses, according to the Africa Sustainability Energy Centre (ASEC). This trend...

GoldBod has sanitised gold export, raked in $2.7 billion – Mahama

President John Mahama has disclosed that the establishment of the Ghana Gold Board (GoldBod) has sanitised the gold trading and export business, raking in...

Gov’t to revamp AirtelTigo – Communications Minister

The Minister for Communications, Digital Technology and Innovation, Samuel Nartey George, has revealed that the government is working on plans to revamp AirtelTigo to...

Fitch projects 2.5% growth in Ghana’s real household spending for 2025

Ghana’s real household spending is expected to grow by 2.5% year-on-year to GH¢129.7 billion in 2025, according to a new forecast by Fitch Solutions....

OMCs cut fuel prices; petrol now selling at GH¢11.77 per litre

Oil Marketing Companies (OMCs) across the country have reduced prices of petroleum products at the pumps in line with earlier projections. The price reductions will...

GRA to deploy enhanced technology on E-VAT as 5,000 entities prepare to onboard

The Ghana Revenue Authority (GRA) has assured of enhanced use of technology in the implementation of the electronic Value Added Tax (VAT) system this...

Prof. Kwaku Asare shoots down Fiscal Council proposals

As Ghana grapples with an elevated public debt-to-GDP ratio, hovering around 85% by late 2024, and navigates stringent fiscal reforms mandated by its Extended...

GoldBod can stabilise cedi if… – Ghana Association of Banks CEO

John Awuah, CEO of the Ghana Association of Banks, says the effective implementation of the new Ghana GoldBod has the potential to help stabilise...

Fitch revises 2025 cedi forecast to GH¢13; predicts 12.9% appreciation

Fitch Solutions has revised its end-of-year projection for the Ghana cedi, forecasting it to end 2025 at GH¢13.0 to the US dollar—an improvement from...

T-Bills Auction: Gov’t fails to meet target, accepts all bids

The government failed to meet its treasury bill target this week, just a week after recording a 17% oversubscription. According to auction results published by...

GOIL, Star Oil drop fuel prices as cedi gains trength

Motorists across Ghana are breathing a sigh of relief as two of the country’s leading oil marketing companies—Goil and Star Oil—announce significant reductions in fuel prices,...

Cedi to strengthen further this week – Reuters report

The Ghana cedi is forecasted to gain strength in the coming week, bolstered by continued remittance inflows and interventions from the central bank, while...

Fuel prices to drop significantly from June 1

The prices of petroleum products are expected to witness one of the biggest drops at the pumps this year, driven by the recent appreciation...

World Bank donates 2,000 seedlings to Adansi South farmers

The World Bank has donated 2,000 seedlings—1,000 coconut and 1,000 palm oil—to farmers in the Adansi South District as part of efforts to reduce...

Mahama pledges 200,000 hectares of new cocoa farms to revive industry

President John Dramani Mahama has unveiled an ambitious initiative aimed at reviving Ghana’s cocoa industry, pledging to add 200,000 hectares of new cocoa farms...

Fuel shortage forces Takoradi-bound Passion Air flight to return to Accra

A domestic flight operated by Passion Air was forced to return to Accra shortly after takeoff due to what passengers have described as a...

Gov’t to sanction telcos over poor services

The Minister of Communication, Digital Technology and Innovations, Samuel George, has issued a stark warning to all mobile network operators to improve the quality...

Savannah Minister urges cement factory to cut prices, reclaim land

Savannah Regional Minister Salisu Be-Awurbe Esq. has urged the management of Savannah Diamond Cement Factory in Buipe, Central Gonja District, to reduce the price...

Fuel prices to drop by up to 9% – ASEC predicts

Fuel prices in Ghana are expected to decline further by between five and nine per cent in the next pricing window, according to a...

Zoomlion Nigeria, Lagos State unite to revolutionize waste management in Lagos

The Lagos State Government has inked a groundbreaking Waste Management and Processing Concession Agreement with ZoomLion Nigeria Limited, a subsidiary of Ghana's renowned Jospong...

BoG expected to hold policy rate steady – Deloitte

Professional services firm Deloitte has indicated that the Monetary Policy Committee (MPC) of the Bank of Ghana is likely to maintain the status quo...

Terkper urges debt repayment framework ahead of capital market return

Ghana’s Presidential Advisor on the Economy, Seth Terkper, has called for the establishment of a comprehensive debt repayment mechanism as the government prepares to...

Cedi strength not enough, businesses want stability – John Awuah

The recent appreciation of the Ghana cedi may appear to be good news on the surface, but for the business community, it is not...

Past cedi depreciation driven by profit-seekers, not fundamentals – John Awuah

The CEO of the Ghana Association of Banks, John Awuah, has revealed that a significant portion of the cedi’s past depreciation was driven not...

Nick Danso Adjei clinches triple honours at 9th Ghana CEO Summit

Executive Chairman of Ghana Link Network Services Ltd, Dr. Nick Danso Adjei, swept three top honours at the 9th Ghana CEO Summit, further solidifying...

Ghana Cedi’s recent gains may be temporary without deeper reforms – APL explains why

Africa Policy Lens (APL), a Policy Research and Analyst Organisation, has commended Ghana’s recent macroeconomic progress but warned that the appreciation of the cedi...

Traders Advocacy Group fires back at New Voter Forum over port system criticism

The Traders Advocacy Group Ghana (TAGG) has strongly pushed back against allegations by the New Voter Forum concerning the Integrated Customs Management System (ICUMS),...

CMC MD Dr. Wisdom Dogbey engages OFI to boost collaboration and growth

In a significant move to deepen collaboration and drive economic growth, Dr. Wisdom Kofi Dogbey, the newly appointed Managing Director of the Cocoa Marketing...

Cedi gains may be temporary without reforms — Africa Policy Lens

Africa Policy Lens (APL), a policy research and analyst organisation, has commended Ghana’s recent macroeconomic progress but warned that the appreciation of the cedi...

Reduced public spending the reason for the Cedi’s recent strength – APL argues

Research and Policy Analysts, Africa Policy Lens (APL), have highlighted factors that have accounted for the significant appreciation of the Ghanaian cedi in the...

Ato Forson appointed Returning Officer for AfDB Presidential Elections

Minister for Finance, Dr. Cassiel Ato Forson, has been appointed as the Returning Officer for the presidential elections of the African Development Bank (AfDB)...

Deloitte Boss honoured as best CEO in Professional Services Sector at 9th Ghana CEO Summit

The Country Managing Partner of Deloitte Ghana, Daniel Kwadwo Owusu, has been honoured as the Best CEO in the Consulting or Professional Services Sector...

Ghana’s economic rebound is real, but… – Bank of Ghana

The Ghanaian economy is showing renewed signs of recovery, but sustaining this progress will require consistent policy execution, deep structural reforms, and collective national...

The art of executive hiring: Balancing cultural fit and leadership competence

In the high-stakes world of executive recruitment, one wrong hire can cost a company millions, not just in compensation but in lost opportunities, damaged...