HomeBusiness

Business

Ayariga defends 2.45% electricity tariff hike as necessary to save ECG

Majority Leader Mahama Ayariga has defended the Public Utilities Regulatory Commission’s (PURC) approval of a 2.45% increase in electricity tariffs, calling it a critical...

BoG urges journalists to deepen knowledge to curb misinformation

The Bank of Ghana (BoG) has emphasized the importance of journalists—particularly reporters, morning show hosts, and radio presenters—being well-versed in financial and economic issues...

Tax expert questions untaxed gifts to religious leaders at anti-corruption forum

Tax expert Professor Abdallah Ali-Nakyea has cast a spotlight on the controversial practice of religious leaders receiving lavish, untaxed gifts. Professor Ali-Nakyea, an Associate Professor...

MOTI to mark 2025 MSME Day with focus on digital growth

The Ministry of Trade, Agribusiness and Industry (MOTAI), in collaboration with the Ghana Enterprises Agency (GEA) and a host of development and private sector...

Recalled BoG staff to be put on extended probation

The Bank of Ghana (BoG) has placed all recently recalled staff—whose appointments were earlier terminated—on an extended probation, sources have told JoyBusiness. The recall marks...

GRA imposes 15% VAT on non-life insurance premiums

The Ghana Revenue Authority (GRA) has announced a 15% Value Added Tax (VAT) on non-life insurance premiums, effective July 1, 2025. Except for motor insurance,...

Ghana chairs Afreximbank Annual Meetings in Abuja

Deputy Finance Minister Thomas Nyarko Ampem is chairing this year’s Afreximbank Annual Meetings, which include key sessions involving the Bank’s shareholders. One of the major...

Zoomlion extends sustainable waste management solutions to Burkina Faso

Zoomlion Ghana Limited, the leading subsidiary of the Jospong Group of Companies, is poised to expand its expertise into Burkina Faso's waste management sector,...

Ofosu-Dorte warns lack of institutional coordination weakens Ghana’s economic resilience

Senior Partner at AB & David Africa, David Ofosu-Dorte, has cautioned that the lack of coordination among key state institutions is significantly undermining Ghana’s...

Ghana needs US$3 billion for 6-month strategic fuel reserves – Oil Marketing Chamber Chair

The Board Chairman of the Chamber of Oil Marketing Companies, Gabriel Kumi, has revealed that Ghana will need approximately US$3 billion to secure six...

Use data to drive long-term development – Prof. Bokpin

Economist, Professor Godfred Bokpin, has called for a renewed commitment to long-term economic planning in Ghana, emphasizing the critical need to leverage national data...

BoG dismissals not political – Dr Kwapong to minority

CDD-Ghana Fellow and Director for the Democracy Project, Dr. John Osae Kwapong, has urged the Minority in Parliament to refrain from conflating the recent...

Electricity tariffs up by 2.45%, water remains unchanged – PURC

The Public Utilities Regulatory Commission (PURC) has announced a 2.45% increase in electricity tariffs across all customer categories. According to PURC, the increment, which takes...

Minority demands immediate reinstatement of dismissed BoG staff

The Minority in Parliament is demanding the immediate reinstatement of over 100 Bank of Ghana (BoG) employees who have been dismissed. In a statement, the...

AB & O rebrands as Swift Lane Logistics, reflecting speed, growth, and a revamped customer experience

Accra, Ghana – June 2025 – After more than a decade of serving businesses and individuals across Ghana, AB & O has announced a...

GH₵1 energy levy likely to return amid sector pressures – Dr. Acheampong

Economist and political risk analyst Dr. Theophilus Acheampong has hinted at a possible reintroduction of the controversial GH₵1 energy levy, citing persistent financial strain...

Ghana can lead Africa in AI innovation – Deloitte Partner

Yaw Appiah Lartey, Partner for Strategy, Risk and Transactions at Deloitte, has expressed optimism that Ghana is at a unique turning point with its...

Inflation projected to drop to 16% in June 2025 – IC Research

Inflation is expected to witness another sharp decline in June 2025, falling to 16%, according to IC Research. The anticipated drop is attributed to favourable...

Ghana’s economy projected to grow above 4.8% in 2025 – IC Research

Ghana’s economy is projected to grow by more than 4.8% in 2025, according to IC Research in its latest paper titled “Ghana’s Q1 2025...

Ghanaian businesses in Israel fear rising freight charges amid Israel-Iran conflict

Some Ghanaian businesses operating in Israel have expressed concern over a potential surge in freight charges due to the escalating conflict between Israel and...

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...

Petroleum Hub seeks GHS 300 million for land compensation, warns of project delays

Management of the Petroleum Hub Development Corporation is calling on government to urgently release GHS 300 million to compensate farmers and property owners affected...

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...

First mini-clinic of Ecobank-JoyNews Habitat Fair starts today

The first mini-clinic of the Ecobank-JoyNews Habitat Fair, starts today, June 21, 2025 at the Achimota Retail Centre. The three-day exhibition will allow prospective homeowners...

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...

Economy recovery on paper but not in pockets – Economist warns [Video]

Ghana’s economy may appear to be improving on paper, but that recovery has yet to translate into tangible relief for ordinary citizens. That’s the caution...

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...

Fitch upgrade: We’re not rushing to re-enter external markets – Sharif Mahmud Khalid

The government is not rushing to re-enter external markets despite a recent credit rating upgrade, as its current priority is stabilising the local economy,...

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%...

MultiChoice Ghana slashes prices of DSTV decoders, offers upgrade for all DStv and GOtv packages

MultiChoice Ghana has announced an upgrade on all of its DStv and GOtv packages at discounted prices. According to MultiChoice, the move is in response...

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...