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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...

Cedi strengthens to GH¢15.96 against dollar

The Ghana cedi gained 0.63% week-on-week against the US dollar last week as demand pressures waned. The local currency closed the week at GH₵15.96 to...

Ghana records 5th year without petroleum investment – PIAC

Despite efforts by the Ministry of Energy to attract investments into the Upstream Petroleum Industry, there was no Petroleum Agreement signed in 2024. According to...

NEIP CEO spearheads Adwumawura Programme to empower 10,000 youth entrepreneurs annually

Ghana has officially launched the Adwumawura Programme, a flagship project designed to cultivate 10,000 young entrepreneurs across the nation. This bold step marks a pivotal...

Lola Hair & Beauty College, Lola Hope Foundation Ghana inaugurated to empower young people

Rev. Minister Latifa Adekanla, founder of Lola Hair and Beauty College, has inaugurated the Lola Hope Foundation Ghana to empower young and vulnerable individuals...

Tetrete Okuamoah Sekyim II commends COCOBOD boss for strong start

The Paramount Chief of the Wasa Amenfi Traditional Area, Nana Tetrete Okuamoah Sekyim II, has heaped praises on the Chief Executive of Ghana Cocoa...

Ghana risks fiscal crisis if IMF programme ends in 2026 – Bokpin

Associate Professor of Finance and Economics at the University of Ghana Business School, Professor Godfred Bokpin, has cautioned the government against ending the International...

COCOBOD CEO reaffirms commitment, hints at price review

The Chief Executive Officer of the Ghana Cocoa Board (COCOBOD), Dr. Ransford Anertey Abbey, has reiterated the board’s unwavering commitment to enhancing the welfare...

Ensure debt sustainability framework remains fit-for-purpose – Governor to IMF

The Governor of the Bank of Ghana, Dr. Johnson Asiama, is urging the International Monetary Fund (IMF) to ensure that the debt sustainability framework...

IMF MD assures support for Ghana amid global tariff war

IMF Managing Director Kristalina Georgieva has assured that the Fund is ready to assist Ghana and other countries affected by the ongoing global tariff...

155 bank, SDI staff dismissed over fraud in 2024 – BoG report

At least 155 staff members of banks and specialized deposit-taking institutions (SDIs) were dismissed in 2024 for their involvement in fraudulent activities, according to...

IMF targets will be irrelevant by 2028 – Bright Simons warns against exit

Ghana’s potential early exit from the International Monetary Fund (IMF) programme is generating more heat than light, according to Bright Simons, Vice President of...

Finance Minister outlines measures to tackle Ghana’s large payable build-up in 2024

Finance Minister Dr. Cassiel Ato Forson has outlined a comprehensive plan to investors aimed at addressing the country’s large accumulation of government payables in...

COCOBOD CEO to announce new cocoa farmgate price to surpass Ivory Coast

The Chief Executive Officer of the Ghana Cocoa Board (COCOBOD), Dr. Randy Abbey, has disclosed that a new cocoa farmgate price will be announced...

Ghana’s economic direction wins investor confidence in Washington, D.C.

Ghana’s economic outlook received a strong endorsement during a high-level investor engagement held in Washington, D.C., led by Finance Minister Dr. Cassiel Ato Forson. Investors...

Unicom Chemist bags two honours at 2025 Pharma Excellence Awards

Unicom Chemist Limited has emerged as a top achiever at the 2025 Pharma Excellence Awards, clinching two major honours—Community Pharmacy of the Year and...

World Bank forecasts 17.2% inflation for Ghana in 2025

The World Bank is forecasting an inflation rate of 17.2% for Ghana in 2025. This is higher than the International Monetary Fund (IMF) programme...

MSC DILETTA makes historic berth at Tema Port, setting new record for Sub-Saharan Africa

In a historic milestone for West African maritime trade, the Port of Tema’s MPS Terminal 3 has welcomed the largest container vessel ever to...

World Bank to help Ghana provide jobs for over 500,000 entering job market each year

The World Bank has committed to supporting Ghana in addressing its youth unemployment challenge by backing a new Growth and Jobs Strategy aimed at...

Fraud cases in banks, others declined by 18% in 2024 – BoG

The attempted fraud cases in banks and Specialised Deposit-Taking Institutions (SDIs) sectors decreased by 18% in 2024 compared to 2023. However, this decrease resulted in...

US tariffs pose low risk to Ghana’s trade surplus – IC Insights

The 10% US tariffs imposed on Ghana are expected to pose a low risk to the country’s trade surplus, according to IC Insights. “In the...

Pace of disinflation to quicken in coming months – Report

The pace of disinflation in Ghana is expected to quicken in the months ahead as tighter monetary policies and tax reliefs begin to take...

GOLDBOD commences licensing of service providers

The Ghana Gold Board (GoldBod) has officially commenced the licensing of service providers within the country’s gold trading sector. Commencement of the licensing marks a...

Energy Sector remains our biggest economic risk – Finance Minister

Finance Minister, Dr. Cassiel Ato Forson, has described the energy sector as the biggest economic threat currently facing the country. Speaking during a deep-dive session...