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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...

Mahama attributes Ghana’s Fitch upgrade to prudent economic management

President John Mahama has attributed the Fitch Ratings upgrade of Ghana’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B-minus’ with a stable outlook—from Restricted Default...

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...

Accra Brewery reaffirms commitment to supporting farmers

Accra Brewery PLC has reiterated its dedication to supporting local farmers across Ghana, recognising their crucial role in the company’s production process. Speaking at the...

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...

Some OMCs reduce fuel prices at pumps; petrol selling at GH¢10.99

Some Oil Marketing Companies (OMCs) have started reducing prices of petroleum products at the pumps from Monday, June 16, 2025. Market leader Star Oil is...

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...

COMAC predicts stable fuel prices

The prices of petroleum products will remain stable in the second pricing window of June, the Chamber of Oil Marketing Companies (COCMC) has predicted. The...

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...

GRA postpones implementation of GH¢1 fuel levy again

The Ghana Revenue Authority (GRA) has for the second time postponed the implementation of the recently approved GH¢1 energy sector levy on petroleum products. Originally...

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...

Stability is not forever – Seth Terkper warns of economic vulnerabilities

Economic Advisor to President John Mahama and former Finance Minister, Seth Terkper, has cautioned that Ghana’s current economic stability is only temporary and must...

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...

Ghana ranked 8th among Africa’s top 10 manufacturing countries

Ghana has been ranked 8th among Africa’s top 10 manufacturing countries, according to a report by The African Exponent, a leading analytical business platform...

Ghana secures 0% tariffs for exported goods to China

Ghana has made significant strides in strengthening its economic partnership with China, securing a 0% tariff on all its exports to the Asian powerhouse. This...

BoG warns public against transactions with YellowPay and HanyPay

The Bank of Ghana (BoG) has issued a stern warning to the public and financial institutions to desist from engaging in any transactions with...

Mahama rallies farmers and youth to drive productive economy

President John Dramani Mahama has urged exporters, farmers, and the youth to take decisive action in advancing Ghana’s productive economy, stressing that “the time...

Transport Minister urges domestic airlines to reduce fares amid cedi gains

The Minister for Transport, Joseph Bukari Nikpe, has appealed to domestic airline operators to reduce air transport fares in the wake of the strong...

Ghana’s economy is recovering based on quarter one GDP estimates – GSS boss

The Government Statistician, Dr. Alhassan Iddrisu, has indicated that Ghana's economy is recovering, based on the first-quarter Gross Domestic Product (GDP) estimates. According to him,...

SML condemns OSP raid, warns of national revenue risks

Strategic Mobilisation Ghana Limited (SML) has strongly condemned what it describes as an “unwarranted and unjustified” raid by the Office of the Special Prosecutor...

Economy grew by 5.3% in quarter one 2025

Ghana's economy grew by 5.3% in the first quarter of 2025, up from the 4.9% recorded during the same period in 2024. The non-oil GDP...

Thirteen stocks record gains in May – GSE report

Thirteen stocks recorded gains in May 2025, the Ghana Stock Exchange (GSE) Summary of Financial and Economic Data has revealed. This is compared to 15...