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Fuel prices to witness biggest drop of 8% today

Prices of Petroleum Products Set for Biggest Drop at Pumps Today, May 16, 2025. According to the Chamber of Oil Marketing Companies (COMAC) Pricing Outlook...

Finance and Energy expert urges support for new gas plant

Ghana’s economic and energy future stands at a pivotal moment as government plans for a Second Gas Processing Plant (GPP II) move forward. According to...

Cedi stability backed by organic, non-debt creating reserves – BoG

The First Deputy Governor of the Bank of Ghana (BoG), Dr. Mumuni Zakaria, has clarified that the recent rally of the cedi is not...

We’re not burning reserves to hold the cedi – BoG Deputy Governor

The First Deputy Governor of the Bank of Ghana, Dr. Mumuni Zakaria, has dismissed claims that the central bank is depleting its foreign reserves...

Pay for power or face disconnection – Energy Minister warns gov’t agencies

Minister for Energy, John Jinapor, is vowing a crackdown on Ministries, Departments and Agencies (MDAs) that owe the Electricity Company of Ghana (ECG), warning...

Power crisis: We need $1.1bn to procure liquid fuel alone – Energy Minister

The Minister for Energy and Green Transition, John Jinapor, has disclosed that Ghana urgently needs billions of cedis to procure liquid fuel to keep...

BoG settles brouhaha on over-the-counter dollar withdrawal

The Bank of Ghana (BoG) has clarified that existing rules on foreign exchange withdrawals remain in force. This follows claims by BoG board member and...

Bank of Ghana clarifies Foreign Exchange withdrawal rules

The Bank of Ghana has reaffirmed its existing regulations on foreign exchange withdrawals under its mandate from the Foreign Exchange Act, 2006 (Act 723). In...

Ghana falls to 20th position in Africa for lowest fuel price

Ghana dropped significantly to the 20th position from the 13th position for the lowest fuel price in Africa. According to GlobalPetrolPrices.com, Ghana’s average petrol price...

BoG Governor calls for trust-based partnerships to accelerate Fintech and digital initiatives

The Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, has called for collaboration to promote fintech and digital initiatives to enhance Africa’s...

Some shops, supermarkets slash prices as cedi strengthens

Some major shopping outlets and supermarkets have begun reducing the prices of their products and items on sale due to the cedi’s appreciation against...

We’re guiding the cedi to its true level – Isaac Adongo

Bank of Ghana Board Member Isaac Adongo says the recent calm in the cedi’s volatility is the result of a deliberate and coordinated policy...

Building robust VAT without COVID levy – Adongo

Bank of Ghana Board Member Isaac Adongo has said the government is fully committed to eliminating the unpopular COVID-19 levy and is working towards...

We haven’t received any directive to halt over-the-counter dollar withdrawals – Bankers Association

The Ghana Association of Bankers (GAB) has clarified that commercial banks have not received any official directive from the Bank of Ghana (BoG) to...

No more over-the-counter dollar withdrawals – Adongo

Bank of Ghana (BoG) board member Isaac Adongo has announced plans to intensify restrictions on over-the-counter US dollar withdrawals from financial institutions as part...

Mahama appoints Florence Adei Ohene as second Deputy MD of Consolidated Bank Ghana

President John Mahama has appointed Florence Adei Ohene as the second Deputy Managing Director of Consolidated Bank Ghana Ltd (CBG). With more than 25 years...

GRA clarifies claims of expanding SML’s mandate

The Ghana Revenue Authority (GRA) has refuted reports suggesting the expansion of the mandate of Strategic Mobilisation Ghana Ltd. (SML) to cover revenue assurance...

Government, traders agree to cut prices of goods if…

The Ministry of Trade, Agribusiness and Industry, together with key trade associations, has agreed to reduce the prices of finished goods within the next...

Gov’t can’t force price reductions despite cedi gains – Trade Minister

The Minister for Trade, Industry, and Agribusiness, Elizabeth Ofosu-Adjare, says the government cannot compel traders to reduce prices despite recent macroeconomic improvements such as...

Fuel prices to drop by Friday on the back of cedi’s appreciation – COMAC

Prices of petroleum products are expected to drop at the pumps starting Friday, May 16, 2025, the Chamber of Oil Marketing Companies (COMAC) has...

Fisheries Minister engages World Bank on job creation and coastal development

The Minister for Fisheries and Aquaculture, Emelia Arthur (MP), has held a high-level meeting with officials of the World Bank Office in Accra to...

NPP wants applause for cedi stability, but not the blame for its collapse – Fifi Kwetey

General Secretary of the National Democratic Congress (NDC), Fifi Fiavi Kwetey, says the New Patriotic Party (NPP) is scrambling to rewrite its legacy by...

New gas processing plant will be a game-changer for Ghana – Finance Minister

The Finance Minister, Dr. Cassiel Ato Forson, has described the planned Second Gas Processing Plant (GPP II) as a game-changing project that will transform...

Depoliticise business for national growth – Ayine

Attorney General Dr Dominic Ayine has raised concerns about the increasing politicisation of business in Ghana, calling for a fair and transparent environment that...

Yam prices surge at Dambai market as season unfolds

Dambai Market in the Krachi East Municipality of the Oti Region is currently experiencing a significant surge in yam prices as the harvesting season...

Infrastructure alone not enough for robust payment system – Governor

The Bank of Ghana has indicated that infrastructure alone is not enough to build a robust and efficient payment system in Ghana and across...

Cedi to continue appreciating; one dollar trades at GH¢13.60

The Ghana cedi gained 6.25% week-on-week against the dollar in the retail market, cementing its position as the best currency among a basket of...

Prof Bokpin warns gov’t over 2026 budget

Economist Professor Godfred Bokpin has cautioned that Ghana’s current fiscal trajectory is not sustainable beyond 2026, urging the government to align its budget with...

Bond Market: Secondary activity eases 2.67% to GH¢1.23bn

Activity in the secondary bond market declined by 2.67% week-on-week to GH¢1.23 billion, down from GH¢1.26 billion. Trading remained concentrated in the General Category bonds,...

Prices will only fall if… – GUTA

The President of the Ghana Union of Traders’ Associations (GUTA) says the reason prices of goods remain high despite the cedi's recent gains is...

Gov’t cannot push price reduction on traders – Trade Minister

Minister for Trade, Industry and Agribusiness, Elizabeth Ofosu-Adjare, says government cannot compel traders to reduce prices despite the recent appreciation of the cedi, but...

New Gas Processing Plant will be a game-changer for Ghana – Finance Minister

Finance Minister Dr. Cassiel Ato Forson has described the planned Second Gas Processing Plant (GPP II) as a game-changing project that will transform the...

Implementation Committee for Second Gas Processing Plant inaugurated

Government has inaugurated an Implementation Committee to oversee the delivery of Ghana’s Second Gas Processing Plant (GPP II), a major infrastructure project expected to...

GUTA slams PURC over tariff increase despite stronger cedi

The President of the Ghana Union of Traders Association (GUTA), Dr Joseph Obeng, has condemned the recent electricity tariff increase, describing it as unjustified...

Food prices set to drop – Importers

Prices of some foodstuffs and products are expected to go down from this week. This will affect imported products and other items brought in by...

Cedi named world’s best-performing currency as confidence grows

Ghana's national currency, the cedi, is currently enjoying a rare moment in the global spotlight. According to a recent Bloomberg report, the local unit has...

Kosmos Energy to invest $2.0 billion in Ghana’s upstream sector

Kosmos Energy is set to invest $2.0 billion in its upstream operations in Ghana, significantly enhancing the country’s petroleum sector. According to the Minister of...

GUTA urges immediate price adjustment as cedi strengthens

The Ghana Union of Traders’ Associations (GUTA) has called on traders to adjust prices immediately in response to the recent appreciation of the cedi. In...

World Bank hails Ghana as SOCO project exceeds targets

The World Bank has commended Ghana for the remarkable progress achieved under the Gulf of Guinea Northern Regions Social Cohesion (SOCO) Project, describing its...

Gas Supply to Atuabo temporarily disrupted after technical fault on FPSO

A technical fault on the Jubilee Floating Production Storage and Offloading (FPSO) vessel, also known as the Kwame Nkrumah FPSO, temporarily disrupted gas exports...