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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...

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...

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...

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...

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...

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...

Cedi strengthens in April 2025 as BoG interventions ease forex pressure

The Ghana Cedi demonstrated resilience against the US dollar and other major trading currencies in April 2025, buoyed by improved market liquidity following the...

Bond Market: Activity edged up 0.53% week-on-week to GH¢1.15bn

Trade activity in the secondary bond market edged up by 0.52% week-on-week to GH¢1.15 billion, from GH¢1.14 billion the previous week. This was supported by...

Youth Agriculture Estates to create 16,000 jobs – Otokunor

Director of Presidential Initiatives in Agriculture and Agribusiness, Dr. Peter Boamah Otokunor, has announced plans by the government to commence the Youth Agriculture Estate...

Gov’t to begin commercial kenaf jute production – Otokunor

The Government of Ghana is set to commence commercial production of kenaf fiber as part of a strategic initiative to develop a sustainable jute...

Negative real returns affect treasury bill demand – Analysts

Negative real returns are dampening investor appetite for treasury bills, Joy Business can confirm based on assertions from multiple analysts. This comes after investor demand...

COCOBOD CEO promises higher cocoa prices for 2025/2026 season beginning August

The Chief Executive Officer of the Ghana Cocoa Board (COCOBOD), Dr. Ransford Abbey, has assured cocoa farmers of an increase in producer prices for...

From telecom to fintech: MTN Ghana prepares to split MoMo from telco business

In a move to align with Ghana's financial regulations, Scancom PLC, the operators of MTN Ghana have announced plans to restructure its mobile money...

NSA targets 50% private sector placement in a new strategy to enhance NSS

The National Service Authority (NSA) is pushing to place at least 50% of national service personnel in the private sector as part of a...

President Mahama swears in Dr. Alhassan Iddrisu as Government Statistician

President John Dramani Mahama has officially sworn in Dr. Alhassan Iddrisu as the new Government Statistician, charging him to lead efforts to place credible...

COCOBOD CEO engages cocoa farmers in Workers’ Day visit

The Chief Executive of Ghana Cocoa Board (COCOBOD), Dr. Randy Abbey, has marked this year’s Workers’ Day by engaging directly with cocoa farmers in...

Association of Banks advocate pension fund diversification

The Chief Executive Officer of the Ghana Association of Banks (GAB), John Awuah, is advocating a strategic shift in pension fund investments to ensure...

Finance Minister inaugurates new GRA board to drive revenue transformation

The Minister for Finance, Dr. Cassiel Ato Forson, has inaugurated a nine-member Governing Board for the Ghana Revenue Authority (GRA), tasking them with the...

Fitch Solutions maintains 4.2% GDP growth forecast for Ghana in 2025

Fitch Solutions has maintained its forecast of 4.2% Gross Domestic Product (GDP) growth for Ghana in 2025, slightly above the International Monetary Fund's (IMF)...

40,000 jobs up for grabs as NEIP launches Adwumawura Programme

The Adwumawura Programme, which is expected to create 40,000 jobs over a four-year period, is not just a policy but a commitment — a...