HomeBusinessBusiness

Business

BoG acted within labour law in terminating recruits – Austin Gamey

Renowned human resource consultant, Austin Gamey, says the Bank of Ghana (BoG) acted within the confines of labour laws in terminating the appointments of...

TOR to resume full operations in October 2025 – Acting MD

The management of the Tema Oil Refinery (TOR) has announced plans to resume full operations by October 2025. According to officials, the refinery’s return to...

Gov’t misses Treasury Bill target for 4th straight week

The government has failed to meet its treasury bill target for the fourth consecutive week, falling short by about 24%, according to auction results...

GRA introduces modified tax plan

The Ghana Revenue Authority (GRA) is set to roll out a new initiative aimed at simplifying tax filing for micro and small businesses across...

Fitch warns falling gold prices could erode Ghana’s reserves, trigger cedi sell-off

Fitch Solutions has warned that a sharp decline in global gold prices—driven by a shift toward conventional trade policies in the U.S. or the...

Ghana has enough fuel to last over 2 months – NPA boss

The Chief Executive of the National Petroleum Authority (NPA), Edudzi Tamakloe, has assured Ghanaians that the country has enough fuel reserves to last more...

BoG justifies termination of a fraction of persons recruited in December 2024

The Bank of Ghana has justified its decision not to confirm the appointments of a fraction of personnel recruited in December 2024. Sources close to...

Africa World Airlines launches Accra–Ouagadougou flight route

Africa World Airlines (AWA) has officially inaugurated a new flight route linking Accra, Ghana, to Ouagadougou, the capital city of Burkina Faso. The launch ceremony...

GNPC reaffirms strategic role in West Africa’s energy future

The Ghana National Petroleum Corporation (GNPC) has reaffirmed its commitment to energy transformation and regional integration with a forward-looking gas strategy unveiled at the...

Prices still climbing despite falling inflation – Prof Asuming

Prices in Ghana are still rising despite a consistent decline in inflation, economist Professor Patrick Asuming has cautioned. Speaking on JoyNews’ PM Express Business Edition...

Fuel prices drop again due to competition: Petrol selling at GH₵10.75

Some Oil Marketing Companies (OMCs) have begun reducing the prices of petroleum products at the pumps once again. This marks the second drop in...

Fitch warns Ghana rating at risk if local bond market remains shut

Fitch Ratings has outlined key risks that could lead to a downgrade of Ghana’s credit rating, despite recently upgrading the country’s Long-Term Foreign-Currency Issuer...

Reactivating sinking fund key to shielding Ghana from future debt shocks – Dr. Sharif Khalid

The Economic Policy Advisor to the Vice President has described the reactivation of Ghana’s Sinking Fund as a critical step toward insulating the country...

Producer Price Inflation drops sharply to 10.2% in May 2025

The year-on-year producer price inflation (PPI) for ex-factory prices of all goods and services fell sharply to 10.2% in May 2025, down from 18.5%...

TCDA announces mandatory registration for palm oil importers starting July 14

The Tree Crop Development Authority (TCDA) has announced a new regulatory directive requiring all importers of palm oil products to register and obtain permits...

Ghana has lost $11bn to gold smuggling, links to UAE, report finds

Ghana is losing billions of dollars in revenue annually to smuggling from its booming artisanal gold mining sector, with much of the gold flowing...

CUTS urges BoG to rein in banks over unfair ATM charges

CUTS International Accra, a research and policy think tank, is calling on the Bank of Ghana (BoG) to address the growing burden of excessive...

Fuel prices set to rise sharply in next pricing window – OMCs warn

The CEO of the Chamber of Oil Marketing Companies (OMCs), Dr. Riverson Oppong, has warned that fuel prices are expected to surge significantly in...

Cedi appreciation: PassionAir announces 10% fare reduction across all destinations

PassionAir has announced a reduction of up to 10% in its airfares across all of its domestic routes in Ghana. The reduction comes after the...

BoG expresses commitment to a flexible Exchange Rate regime – Asiama

The Bank of Ghana has reiterated its commitment to a flexible exchange rate system backed by sound economic policies to support business growth. This assurance...

We’re not targeting fixed exchange rate – BoG Governor

The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has strongly maintained that the central bank is not pursuing a rigid exchange...

COPEC calls out gov’t for neglecting key energy assets

In a scathing indictment of the government's energy sector management, Duncan Amoah, Executive Director of the Chamber of Petroleum Consumers (COPEC), has criticised authorities...

BoG Governor assures of buffers against external threats

The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has assured that the country has built the necessary buffers to withstand external...

Fitch projects Ghana’s public debt to drop to 60% of GDP by 2026

Fitch Ratings has indicated that strong nominal Gross Domestic Product (GDP) growth, fiscal consolidation, ongoing debt restructuring, and a significantly larger-than-anticipated appreciation of the...

Bond Market: Trading activity declines by 23.15% to GH¢1.18bn

Trading activity in the secondary bond market declined by 23.15% week-on-week, with total volumes closing at GH¢1.18 billion, down from GH¢1.53 billion. The price action...

Ghana’s inflation to average 15% in 2025 – Fitch

Ghana’s inflation will average 15% in 2025 and 10% in 2026, Fitch Ratings has revealed. This will be down from 23% in 2024, helped by...

Finance Minister hails Fitch upgrade as Ghana’s economic recovery gains global recognition

Finance Minister Dr. Cassiel Ato Forson has welcomed Fitch Ratings’ decision to upgrade Ghana’s Long-Term Foreign-Currency Issuer Default Rating (IDR) from ‘Restricted Default’ to...

Fitch upgrades Ghana’s credit rating, citing strong economic management under Finance Minister Ato Forson

In a significant vote of confidence in Ghana’s economic recovery efforts, global credit rating agency Fitch Ratings has upgraded the country’s Long-Term Foreign-Currency Issuer...

Scrap ‘Dumsor’ levy completely – Oppong Nkrumah tells government

The Member of Parliament for Ofoase Ayirebi and Ranking Member on Parliament’s Committee on Economy and Development, Kojo Oppong Nkrumah, has called on the...

Horticulture key to Ghana’s growth – Fidelity Bank MD

Fidelity Bank Ghana has once again positioned itself at the forefront of Ghana’s export-led growth agenda, with a strong call for cutting-edge sustainable solutions...

BoG eyes drop in inflation to 12% by year-end – First Deputy Governor

The Bank of Ghana expects inflation to trend downwards in the coming months due to the tight monetary policy measures being implemented. First Deputy Governor...

Mahama urges Ministers to safeguard fuel price gains amid Israel-Iran conflict

President Mahama has directed the Ministers of Energy and Finance to prepare measures aimed at protecting recent gains made in reducing petroleum product prices,...

Fuel prices to drop from June 16 following suspension of GH¢1.0 levy

The prices of petroleum products are expected to drop at the pumps from Monday, June 16, 2025, following the postponement of the GH¢1.0 Energy...

Urban population growth to drive Ghana’s construction sector – Fitch Solutions

Ghana’s urban population is projected to grow by 2.7% year-on-year over the next decade, with urban residents expected to account for 65.5% of the...

We are populating the sinking and stabilisation funds – Seth Terkper

The economic advisor to President John Mahama, Seth Terkper, says the current administration is laying strong financial foundations to prevent a recurrence of Ghana’s...

Cedi’s appreciation could trigger revision of programme targets – IMF

The International Monetary Fund (IMF) has indicated that the sharp appreciation of the Ghanaian cedi against the US dollar in the first half of...

IMF welcomes GH¢1 fuel levy

The International Monetary Fund (IMF) has described the government’s decision to increase the Energy Sector Levy on each litre of petroleum products in Ghana...

Ghana Diaspora Investment Forum highlights urgent call to block diaspora capital for national development

Over 100 public and private sector stakeholders convened in Accra for the Ghana Diaspora Investment(GDI) Forum 2025, a high-level platform focused on harnessing diaspora...

5.3% Q1 GDP growth a good sign – Mahama

President John Mahama has described the 5.3% growth recorded in Ghana’s economy during the first quarter of 2025 as a positive sign. Speaking during a...

Transport Minister assures completion of Prempeh I Airport Runway extension by end of 2025

The Minister for Transport, Joseph Bukari Nikpe, has assured that government will allocate the necessary resources to complete the runway extension project at the...