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Prices of petrol and LPG to go up; Diesel to fall from August 16

The prices of petrol and Liquefied Petroleum Gas (LPG) are expected to go up marginally from August 16, 2025. However, that of diesel is...

Stakeholders welcome new regulatory Act to standardise shipping charges

Key industry stakeholders in the shipping industry have welcomed the passage of a new Act that gives the Ghana Shippers Authority sweeping powers to...

Chamber of Autodata Ghana calls for greater local content in Automotive components development policy 

The Chamber of Autodata Ghana has urged government to incorporate more local content into the soon-to-be-finalised Ghana Automotive Components Development Policy, which is expected...

World Bank projects 0.6% GDP revenue boost if Ghana fully implements 2025 tax measures

The World Bank has projected that Ghana could gain additional revenue equivalent to at least 0.6 percent of GDP in 2025 if the government...

Wilful loan defaulters face 5-year credit ban under new BoG rules

Wilful loan defaulters could soon face a five-year ban from accessing credit from any regulated financial institution in Ghana. The new Bank of Ghana (BoG)...

BoG celebrated as gold-standard for central management of commodities

The Bank of Ghana (BoG) is backing plans to expand domestic gold refining and value addition as part of a strategy to strengthen the...

BoG meets banks on foreign exchange auctions and liquidity challenges

The Governor of the Bank of Ghana (BoG), Dr. Johnson P. Asiama, has announced plans to engage the Ghana Association of Banks in the...

NPA threatens closure and decommissioning of illegal fuel stations

The National Petroleum Authority (NPA) has issued a strong warning to operators of fuel stations without the required licenses, stating that such facilities face...

Total Pension Fund assets hit GH¢86bn in 2024

The total value of pension fund assets in Ghana reached a record GH¢86.23 billion in 2024, up from GH¢61.8 billion in 2023. This represents a...

BoG Economics and Finance Chair at Legon advocates for an intensified gold and cocoa backed currency

Ghana could achieve long-term currency stability by partially backing the cedi with gold, cocoa, and other strategic resources, according to Professor Yegandi Imhotep Paul...

Domestic Gold Purchase Programme: BoG’s reserves increase by 100% within 5 years

The First Deputy Governor of the Bank of Ghana (BoG) has revealed that the Domestic Gold Purchase Programme has helped BoG to increase its...

Domestic Gold Purchase Programme has helped stabilise cedi – BoG First Deputy Governor

First Deputy Governor of the Bank of Ghana, Dr Zakari Mumuni, says the Central Bank’s Gold Purchase Programme has been instrumental in stabilising the...

Finance Ministry requests public input for 2026-2029 Budget

The Ministry of Finance has called on the public to share ideas and proposals for Ghana’s 2026–2029 Budget Statement and Economic Policy. In a statement,...

Gov’t targets $2bn boost for textile and garment industry by 2033

The government has unveiled plans to scale up Ghana’s textile and garment manufacturing industry, targeting over $2 billion in value by 2033. According to the...

GRA reacts to GH₵376m debt owed NIA 

The Ghana Revenue Authority (GRA) has firmly denied claims made by the National Identification Authority (NIA) that it owes outstanding fees, leading to a...

Melcom welcomes Dr. Ibrahim Awal as Communications and Strategy Consultant

The Melcom Group of Companies has officially welcomed Dr. Ibrahim Mohammed Awal as its new Consultant for Communications and Strategy. The announcement was made during...

EBID grieves with the government and people of Ghana

The ECOWAS Bank for Investment and Development (EBID) has expressed its deep sadness over the tragic helicopter crash of Wednesday, August 6, 2025, that...

BoG postpone launch of cedi’s 60th Anniversary after helicopter crash

The Bank of Ghana (BoG) has announced that it has postponed the National launch of the cedi’s 60th Anniversary programme on Friday, August 8. According...

Inflation is falling, the cedi is rising: So why are prices still high?

Ghana is currently experiencing what should be a moment of economic optimism. Inflation has been on a steady decline throughout the first half of...

1D1F was a failure; factories have become white elephants – Deputy Trade Minister [Audio]

Deputy Minister for Trade and Agribusiness, Sampson Ahi, has described the implementation of the One District, One Factory (1D1F) programme under the previous New...

We haven’t cheated cocoa farmers – Deputy Trade Minister defends [Listen]

Deputy Minister for Trade and Agribusiness, Sampson Ahi, has rejected claims that the government has shortchanged cocoa farmers with the newly announced producer price. Speaking...

July 2025 inflation slows marginally to 12.1%

The year-on-year Inflation for July 2025 slowed down to 12.1% from the 13.7% recorded in July 2025. This is the seventh consecutive decline this year...

Lending rates to fall from August 6, 2025 – Ghana Association of Banks CEO

The Chief Executive of the Ghana Association of Banks (GAB), John Awuah, is projecting a reduction in interest rates on loans from August 6,...

What has the gov’t used the dollar for? – John Boadu questions currency stability

Former General Secretary of the New Patriotic Party (NPP), John Boadu, has raised concerns about the government’s management of the economy despite the recent...

Stop making excuses for cocoa price – John Boadu to NDC

Former General Secretary of the New Patriotic Party (NPP), John Boadu, has taken a swipe at the National Democratic Congress (NDC) over what he...

The era of high interest rates cannot be sustained – BoG Governor warns banks

The Bank of Ghana Governor, Dr. Johnson Asiama, has advised commercial banks that to review their business models to ensure that their operations are...

Clara Arthur appointed new CEO of GhIPSS

The Board of the Ghana Interbank Payment and Settlement Systems Limited (GhIPSS), a subsidiary of the Bank of Ghana (BoG), has appointed Mrs. Clara...

Finance Minister decries mismanagement at PBC, charges new Board to restore integrity and viability

The Minister for Finance, Dr. Cassiel Ato Forson, has expressed deep concern over the ongoing mismanagement and corruption at the Produce Buying Company (PBC)...

New cocoa price disappointing, farmers feel betrayed – Dr. Isaac Opoku

Ranking Member of Parliament’s Food and Cocoa Affairs Committee, Dr. Isaac Yaw Opoku, has expressed disappointment over the newly announced cocoa producer price for...

Adwumawura Programme not a cash giveaway – Youth Minister clarifies

Minister for Youth Development and Empowerment, George Opare-Addo, has debunked claims that the government’s new Adwumawura Programme is a cash giveaway scheme. Speaking on Asempa...

COPEC kicks against 20% transport fare hike 

The Chamber of Petroleum Consumers (COPEC) has strongly opposed reported plans to increase commercial transport fares by 20%, warning that such a move would...

First batch of National Apprenticeship Programme beneficiaries to be matriculated next week – Opare-Addo

Minister for Youth Development and Empowerment, George Opare-Addo, has announced that the first cohort of Ghana’s National Apprenticeship Programme will be matriculated on August...

Shoprite set to exit Ghana as it sells off local operations

South Africa’s largest grocery retailer, Shoprite Holdings, has confirmed plans to sell off its operations in Ghana, marking its ongoing strategy to retreat from...

Honour your promise to farmers – Minority demands fair cocoa price

The Minority in Parliament is demanding that the government increase the producer price of cocoa to at least GHS 3,800 per bag, urging authorities...

Gov’t inaugurates five-member Interim Committee to revive Komenda Sugar Factory

The government has inaugurated a five-member Interim Management Committee (IMC) to spearhead efforts to revive the Komenda Sugar Factory, a key but long-dormant industrial...

4 out of 6 members of BoG Monetary Policy Committee voted for a 300 basis points rate cut

Four out of six members of the Monetary Policy Committee of the Bank of Ghana (BoG) have voted for a 3.0% rate cut. This was...

GRTCC confirms 20% increase in public transport fares effective August 8

The Ghana Road Transport Coordinating Council (GRTCC) has announced a 20% increase in public transport fares, effective Friday, August 8, 2025. Speaking to Adom News...

COCOBOD to open upcoming cocoa season earlier than usual – CEO

The Chief Executive Officer of the Ghana Cocoa Board (COCOBOD), Dr. Ransford Abbey, has announced that the upcoming cocoa season will open earlier than...

Cocoa farmers are not being shortchanged – COCOBOD CEO assures

The Chief Executive Officer of the Ghana Cocoa Board (COCOBOD), Dr. Ransford Abbey, has assured cocoa farmers that they are receiving a fair price...

COCOBOD failed to submit financials for six quarters – CEO reveals

Chief Executive Officer of the Ghana Cocoa Board (COCOBOD), Dr. Ransford Abbey, has disclosed that the institution failed to submit its financial statements to...