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BoG increases dollar FX Forward Auction to banks

The Bank of Ghana (BoG) has increased the amount of Foreign Exchange (FX) Forward Auction to commercial banks. Information gathered by Joy Business indicates that...

Ghana’s inflation drops to 11.5% in August, lowest in nearly four years

Ghana’s headline inflation dropped to 11.5% in August 2025, down from 12.1% in July, the Ghana Statistical Service (GSS) has reported. This marks the eighth...

Cedi falls on strong demand amid weak forex support; one dollar equals GH¢12.70 at forex bureaus

The Ghana cedi depreciated across both the interbank and retail markets last week following strong demand amid weak support for foreign exchange. It declined in...

CEOs, Executives, and Entrepreneurs set to gather for transformative leadership dialogue in Ghana

The CEO’s Breakfast and Networking Meeting is set to return for its second edition, bringing together business leaders, entrepreneurs, and industry experts for a...

Ghana investigated 2,283 forgery cases from 2019 to 2023, 115 charged for money laundering

Ghana investigated 2,283 forgery cases from 2019 to 2023, with 115 charged for Money Laundering (ML), the 2025 Anti-Money Laundering Report has revealed. According to...

Some OMCs adjust prices; diesel now GH¢13.90, petrol GH¢12.99

Some Oil Marketing Companies (OMCs) have begun revising fuel prices in line with industry projections, with petrol prices edging upward while diesel records slight...

GCCFA rejects 2025/26 Cocoa Producer Price

The Ghana Cooperative Cocoa Farmers and Marketing Association (GCCFA) has expressed dissatisfaction with the newly announced producer price of cocoa for the 2025/2026 season. The...

Ghana maintains 5th position in Africa’s IMF debt ranking

Ghana was ranked 5th in Africa for outstanding debt to the International Monetary Fund (IMF) as of August 2025, unchanged from July 2025 data. According...

People carrying over $1m out of Ghana without declaring – BoG Governor reveals

"People are carrying more than a million dollars out of Ghana without declaring it," Bank of Ghana Governor Dr. Johnson Asiama has revealed. Speaking on...

BoG Governor warns against huge dollar cash withdrawals

Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has cautioned that the central bank will no longer permit corporations to withdraw large...

Ghana Link assures stakeholders of ICUMS performance enhancements

Ghana Link Network Services Ltd, operators of the Integrated Customs Management System (ICUMS), has reassured stakeholders of ongoing efforts to strengthen the platform and...

Price of petroleum products expected to go up from September 1

The price of petroleum products is set to go up by some significant margin per litre from Monday, September 1, 2025. This is based on...

BoG designates digital credit services as non-bank financial service

The Bank of Ghana (BoG) has formally designated Digital Credit Services as a Non-Bank Financial Service under the First Schedule of the Non-Bank Financial...

TUC urges gov’t to address rising debt, warns of possible drastic measures

The Trade Union Congress (TUC) of Ghana has called on the government to take immediate steps to address the country’s rising debt, which it...

Greater Accra Region records 115 out of 140 investment projects in 2024

The Greater Accra Region accounted for 115 out of 140 projects registered as investments by the Ghana Investment Promotion Centre (GIPC) in 2024. According to...

Government to inject $20 million to boost agriculture in Northern-Savannah zone

The Minister for Agriculture, Eric Opoku, has revealed that the government is set to inject $20 million into 12 selected districts across the five...

Ghana records slight decline in unemployment; youth joblessness remains high

The Ghana Statistical Service (GSS) has released the July 2025 edition of its Quarterly Labour Statistics, showing a marginal drop in the national unemployment...

COCOBOD expecting over $4bn inflows before end of year to boost cedi

Bank of Ghana Governor, Dr. Johnson Asiama, has disclosed that COCOBOD is expecting inflows of more than $4 billion before the end of this...

Director-General of Liberian National Lottery Authority and team pay working visit to NLA Ghana

The Director-General of the Liberia National Lottery Authority, Peter L. Solo, has commended the National Lottery Authority (NLA) of Ghana for its outstanding leadership...

GoldBod suspends Evanex Gold Enterprise over illegal pricing

The Ghana Gold Board (GoldBod) has suspended the licence of Evanex Gold Enterprise, a licensed Tier 2 gold buyer, with immediate effect. The regulator said...

Bono East Regional Minister urges loan repayment to sustain rural banks

The Bono East Regional Minister, Francis Owusu-Antwi, has called on customers and shareholders of banks, particularly rural and community banks, to honor their loan...

Cedi’s current pressure is a short-term blip; things will normalise soon – BoG Governor assures

The governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has described the current pressure on the cedi as a short-term blip and...

Ghana, Singapore partner on cross-border payment systems to boost AfCFTA trade

President John Dramani Mahama has announced a partnership between Ghana and Singapore to develop interoperable cross-border payment systems, aimed at facilitating trade and investment...

BoG directs mining firms to route forex through commercial banks

The Bank of Ghana (BoG) has instructed mining companies to channel their foreign exchange inflows through commercial banks instead of directly to the central...

10 million youth to join labour force by 2040: Finance Ministry calls for bold fiscal reforms

Chief Director of the Ministry of Finance, Patrick Nomo, has warned that Ghana must radically rethink its approach to public financial management as the...

Disparities in lotto returns push NLA to demand full licensing

The National Lottery Authority (NLA) is taking bold steps to clean up Ghana’s lotto industry with a new directive requiring all agents to be...

BoG to strictly enforce foreign currency transfers; warns travellers against carrying more than $10,000

The Bank of Ghana (BoG) has announced amendments to its guidelines on the importation and exportation of foreign currency as part of efforts to...

BoG bans dollar pricing for school fees, rent, airline tickets, and more

The Bank of Ghana (BoG) has warned the public that all unauthorized foreign exchange transactions—including black market dealings, pricing, quoting, advertising, issuing receipts, and...

BoG revises rules on foreign currency imports and exports

The Bank of Ghana (BoG) has announced amendments to the rules governing the import and export of foreign currency, effective September 1, 2025, as...

Ghana, Japan strengthen SME cooperation as GEA CEO Margaret Ansei engages in talks at TICAD 9

The Chief Executive Officer of the Ghana Enterprises Agency (GEA), Margaret Ansei, has held bilateral talks with Japan’s Small and Medium Enterprises Agency on...

Forex scarcity fuelling mafia-style auctions at our ports – IEAG warns of mass action

The Importers and Exporters Association of Ghana (IEAG) has expressed serious concern over what it describes as a “mafia” system of illegal auctions at...

BoG’s policy rate to go down further in September 2025 – Report

The policy rate of the Bank of Ghana is expected to go down again in September 2025. According to IC Research, the research arm of...

GRA to deploy technology to track crypto accounts by year-end

The Commissioner-General of the Ghana Revenue Authority (GRA), Anthony Kwasi Sarpong, has assured that cryptocurrency traders in Ghana cannot evade taxes, as the authority...

Cedi still wobbly despite appreciation – Abena Osei Asare

Former Deputy Finance Minister and Chairperson of the Public Accounts Committee (PAC), Abena Osei Asare, has expressed concern over the continued instability of the...

Ghana open for Business 24/7 under new economic strategy – Mahama

President John Dramani Mahama has assured international investors that Ghana is “open for business round the clock” as the government rolls out its ambitious...

Cedi crosses GH¢11 to US dollar amid supply pressures

The Ghana cedi has crossed GH¢11 to the US dollar, according to commercial bank quotes. Checks by Joy Business show that while some banks are...

Gov’t tightens gold sector oversight ahead of key financial evaluation

The Government of Ghana has pledged to intensify reforms in the gold sector as it prepares for a crucial international evaluation of its anti-money...

NPA engages industry players on Draft Petroleum Bill

The National Petroleum Authority (NPA) convened a stakeholder forum in Accra on Monday, August 25, to deliberate on the draft NPA Bill, as part...

T-Bills auction: Gov’t misses target again; interest rates rise

The government missed its treasury bills (T-bills) target for the third consecutive week as investors continued to favour high-yielding instruments, such as fixed deposits. According...

Finance Ministry interdicts CAGD staff over alleged payroll fraud

The Ministry of Finance has interdicted a staff member of the Controller and Accountant General’s Department (CAGD) over allegations of payroll fraud. The officer is...