HomeBusiness

Business

BoG’s gold purchase losses date back to 2021, not 2025 – Sammy Gyamfi

The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, says losses recorded by the Bank of Ghana under the Domestic Gold...

GRA targets GH¢310bn tax revenue by 2028 without new tax rates

The Ghana Revenue Authority (GRA) has set a target of GH¢310 billion in tax revenue by 2028, representing a doubling of the GH¢155 billion...

Audit Service recovers GH¢24.95m in unearned salaries, irregular payments in 2025 – GACC

The Ghana Audit Service recovered about GH¢24.95 million in unearned salaries and other financial irregularities in 2025, according to the Ghana Anti-Corruption Coalition’s State...

Producer Price Inflation rises to 4.0% in July

Ghana’s producer price inflation rose to 4.0% year-on-year in July 2026, up from 3.5% in June, driven largely by higher gold prices and continued...

National Apprenticeship Programme exceeds 10,000 target, reaches 14,000 – NYA CEO

Chief Executive Officer of the National Youth Authority (NYA), Osman Ayariga, has disclosed that the National Apprenticeship Programme has exceeded its initial target of...

Shea butter industry losing millions to raw shea nut exports – group

President of the Ghana Shea Butter Employers Association, Rabiatu Abubakari, says Ghana is losing millions of cedis in revenue because a large proportion of...

Jomoro MP trains over 300 young people in skills development

The Member of Parliament for Jomoro and Deputy Transport Minister, Dorcas Affo-Toffey, has provided skills training to more than 300 young people in the...

Harvard appoints former BoG Governor Ernest Addison as senior research fellow

Former Bank of Ghana (BoG) Governor Dr Ernest Addison has been appointed a Short-Term Senior Research Fellow at Harvard University’s Center for International Development...

Gov’t pays GH¢10.8bn DDEP Coupon in full and on schedule

The government has paid GH¢10.82 billion to bondholders under the Domestic Debt Exchange Programme (DDEP). The Ministry of Finance said the payment, totalling GH¢10,816,840,318.26, was...

Goldbod shouldn’t be credited for Ghana’s macroeconomic stability – Bokpin

Economist and Professor Godfred Alufar Bokpin has cautioned against crediting the Ghana Gold Board (GoldBod) for Ghana’s recent macroeconomic stability. According to him, GoldBod has...

Prudential Bank equips young professionals with practical personal finance skills at National Youth Mentorship Summit

The Head of Distribution and Channels at Prudential Bank LTD, Kojo Nteh, has encouraged young professionals to develop disciplined financial habits and make informed...

FanMilk Ghana highlights strong business growth and sustainability progress

Fan Milk PLC has reaffirmed its strong growth trajectory and commitment to sustainable business practices following its annual Facts Behind the Figures stakeholder engagement. The...

EBID secures Moody’s credit rating upgrade, moves closer to investment grade

The ECOWAS Bank for Investment and Development (EBID) has secured a major credit rating upgrade from Moody’s Ratings, with the international agency raising the...

GCB, Ecobank, 4 others are top tier banks in Ghana – PwC Banking Survey

GCB Bank, Absa Bank, Ecobank, Stanbic, Fidelity Bank and Zenith Bank make up the top tier or first quartile banks in Ghana, according to...

Banks’ sustainable success will be defined less by interest margins – PwC

A Banking Survey by PwC has revealed that Ghana’s banks are entering an era where sustainable success will be defined less by interest margins...

Cedi appreciates against US dollar from GH¢11.75 – 10.94 in one week

The Ghana Cedi appreciated significantly against the United States dollar over the past week, strengthening from an interbank buying rate of GHS11.75 on August...

PURC resolves over 97 per cent of complaints lodged during first half of 2026

The Upper West Regional Office of the Public Utilities Regulatory Commission (PURC) has resolved 548 out of 563 complaints received from utility consumers between...

GoldBod to make XRF testing mandatory for gold purity from September 1

The Ghana Gold Board (GoldBod) has announced that the use of X-Ray Fluorescence (XRF) technology will become the standard method for determining the purity...

Sammy Gyamfi rejects Afenyo-Markin’s claims that GoldBod made losses

Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has rejected claims by Minority Leader Alexander Afenyo-Markin that the institution has incurred...

Young Cocoa Farmers petition President Mahama over funding, price uncertainty ahead of 2026/27 season

The Young Cocoa Farmers Association has petitioned President John Dramani Mahama to urgently address growing concerns over the 2026/2027 cocoa purchasing season, particularly funding...

VALCO’s current operating position is unsustainable – Lands Minister backs calls for strategic investor

The government is considering the involvement of a strategic investor to restore the Volta Aluminium Company (VALCO) to full-scale production, with the Minister for...

IES calls on government to immediately enforce Ghana’s Domestic Market Obligation regulations

The Institute for Energy Security (IES) is calling on government to immediately enforce Ghana’s Domestic Market Obligation (DMO) regulations, arguing that the return of...

Sunbeth strengthens Ghana presence to drive agricultural value addition

Sunbeth Global Concepts, an African agricultural commodity trading and export company, has expanded its operations in Ghana as part of efforts to deepen intra-African...

‘GoldBod is failing’ – Afenyo-Markin cites IMF report on $1.7bn losses

Minority Leader Alexander Afenyo-Markin has accused GoldBod of failing, citing an International Monetary Fund (IMF) report which he says reveals losses of more than...

OMCs commence fuel price reviews; Star Oil sells petrol at GH¢14.97, diesel kept at GH¢16.97

Some Oil Marketing Companies (OMCs) have started reviewing prices of petroleum products at the pumps from this morning, August 17, 2026.  Star Oil has taken...

GoldBod secures 30% of large-scale gold output for strategic reserves

The Ghana Gold Board (GoldBod), led by its Chief Executive Officer, Sammy Gyamfi, has joined the Ministry of Finance, the Ministry of Lands and...

Ghana’s currency is ‘long overdue for refreshing’ – Mahama

President John Dramani Mahama says Ghana’s currency is “long overdue for refreshing”, citing the need to periodically upgrade the security features on banknotes to...

Petrol prices to drop today with diesel up in mixed pump price review

Petrol prices are expected to fall while diesel prices could rise from today, August 17, in a mixed review of petroleum prices at the...

Cedi stages strong recovery as dollar supply improves, demand eases

The Ghana cedi has staged a strong recovery against the US dollar, recording four consecutive days of gains between Tuesday, August 11, and Friday,...

KNUST, government partner to develop local agricultural machinery, smart traffic lights

The Kwame Nkrumah University of Science and Technology (KNUST) is set to partner with the Ministry of Food and Agriculture to develop locally manufactured...

GRA, UK Revenue and Customs partner to strengthen border security and revenue mobilisation

The Ghana Revenue Authority (GRA) has entered into a partnership with His Majesty’s Revenue and Customs (HMRC) of the United Kingdom to strengthen border...

Mahama announces plans to rehabilitate Pwalugu tomato factory

President John Dramani Mahama has announced plans to rehabilitate the Pwalugu Tomato Factory in the Upper East Region as part of government’s efforts to...

TCDA targets higher crop yields as farmers receive inputs

The Tree Crops Development Authority (TCDA) has launched a nationwide distribution of agricultural inputs to tree crop farmers, urging them to adopt improved and...

Cocoa deforestation: Why Ghana’s fixes keep failing – Prof. Asante

Ghana’s long-running battle against cocoa-related deforestation cannot be resolved through certification, regulation or market restrictions alone, Professor Winston Adams Asante has said. He believes efforts...

‘Africa is not a problem continent, but an opportunity continent’ – Wakanow CEO

Chief Executive Officer of Wakanow, Bayo Adedeji, has called for a fundamental shift in how Africans perceive challenges, urging them to focus more on...

Prices of petroleum products are likely to be reduced from August 16

Prices of petroleum products are likely to be reduced from August 16, 2026. This follows the National Petroleum Authority's decision to reduce the price floor...

Ghana’s economy grows 5.1% in May 2026 as growth pace slows

Ghana’s economy grew by 5.1% in May 2026, although the pace of expansion slowed compared with the same period in 2025. The latest Monthly Indicator...

GMA pushes for swift implementation of measures to reduce delays at Tema Port

The Ghana Maritime Authority (GMA) has called for the swift implementation of proposals developed to reduce delays and improve vessel turnaround times at the...

Bank of Ghana: Cedi exchange rates for Friday, August 14

The Ghana cedi is trading at GH¢10.9745 to the US dollar on the buying side and GH¢10.9855 on the selling side, according to the...

BoG Governor urges banks to expand lending as economic conditions improve

Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has urged banks to take advantage of improving macroeconomic conditions to increase lending to...