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Centre for Democratic Movement slams Mahama over U-turn on COVID-19 Levy

The Centre for Democratic Movement (CDM) has sharply criticised President John Dramani Mahama and his administration for what it describes as a betrayal of...

“A welcome break for Ghanaians” – Joe Jackson hails Cedi’s rise

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...

S&P upgrades Ghana’s credit rating to CCC+, cites strong progress

In a significant endorsement of Ghana’s economic recovery efforts, global credit rating agency S&P Global Ratings has upgraded the country’s foreign-currency sovereign credit rating...

Africa’s debt sustainability worrying; debt increased by $6bn in 2024 – Report

Africa’s debt sustainability has become a pressing concern, advisory firm Bridgewater Advisors has stated in its Africa Economic Outlook report. According to the firm, the...

Ghana, Côte d’Ivoire record highest trade surpluses in West Africa in 2024

Ghana and Côte d'Ivoire recorded the highest trade surpluses of approximately $4.1 billion and $2 billion respectively in West Africa in 2024. According to advisory...

Fiscal discipline, not austerity – Economist explains cedi’s turnaround

Economics lecturer at the University of Ghana, Professor William Baah Boateng, says that the government's approach to managing expenditure, rather than drastic budget cuts,...

Demand for forex as store of value has decreased – GUTA

The Ghana Union of Traders' Associations (GUTA) says the recent appreciation of the cedi is being driven in part by a sharp reduction in...

What do I do with my dollars? – GUTA reveals growing panic among traders holding on to forex

Charles Kusi Appiah, Head of the Business and Economic Bureau of the Ghana Union of Traders Association (GUTA), has revealed a growing sense of...

Don’t celebrate cedi gains if… – Prof. Baah Boateng

An Economics lecturer at the University of Ghana, Professor William Baah Boateng, has issued a direct challenge to Ghanaian importers and traders benefiting from...

The fundamentals haven’t changed – Lecturer cautions against cedi hype

An Economics lecturer at the University of Ghana says the recent cedi appreciation must be viewed with caution, warning that the underlying fundamentals of...

If you don’t need that forex, liquidate it – GUTA advises traders

Charles Kusi Appiah, Head of the Business and Economic Bureau of the Ghana Union of Traders’ Associations (GUTA), has warned individuals and businesses against...

FABAG pushes for national price reduction campaign amidst price fall

The Food and Beverage Association of Ghana (FABAG) has announced that prices of key commodities within the sector are beginning to fall, with further...

Cedi’s appreciation not a ‘nine-day wonder’ – Finance Minister

Finance Minister, Dr. Cassiel Ato Forson, has assured stakeholders that the recent appreciation of the Ghanaian cedi is not a fleeting development but the...

COCOBOD CEO says road construction not part of board’s mandate

The Chief Executive Officer of the Ghana Cocoa Board (COCOBOD), Dr. Ransford Abbey, has stated that road construction is not part of the Board’s...

Bawumia’s Gold-for-Reserve Programme stabilising the cedi – Kofi Bentil

Senior Vice President of policy think tank IMANI Africa, Kofi Bentil, has credited Dr. Mahamudu Bawumia’s gold-for-reserve initiative as a key factor in the...

GUTA commends President Mahama’s efforts in first 120 days

The President of the Ghana Union of Traders Association (GUTA), Dr. Joseph Obeng, has praised President John Mahama for the strides made in his...

COVID levy still with us – Mahama cites IMF deal, assures future review

President John Mahama has explained why the controversial COVID-19 Health Recovery Levy remains, despite his sweeping tax reform agenda. He pointed directly to conditions under...

GoldBod: Forex reserves surge on record small-scale gold exports under Mahama

Data released by the Ghana Gold Board (GoldBod) indicates increased gold exports and revenue in recent months. When compared to trade volumes and earnings from...

Ghana Labour Department launches nationwide ‘JOBS’ roadshow to boost employment opportunities

The Labour Department under Ghana’s Ministry of Labour, Jobs and Employment has launched the ‘JOBS’ Roadshow Campaign. Dubbed “Just One Bold Step”, the nationwide effort...

April 2025 inflation slows to 21.2%; fifth consecutive decline

Inflation for the month of April 2025 slowed marginally to 21.2 percent from 22.4 percent in March. The drop was influenced by decline in food...

BoG reaffirms commitment to cybersecurity through strategic collaboration and reform

The Bank of Ghana (BoG) has reaffirmed its commitment to strengthening cybersecurity in the financial sector through enhanced collaboration and regulatory reform. At the Financial...

Dr. Wisdom Dogbey appointed Managing Director of Cocoa Marketing Company

Dr. Wisdom Kofi Dogbey has been appointed as the new Managing Director of the Cocoa Marketing Company (CMC), a subsidiary of Ghana Cocoa Board...

GRA partners SSNIT, registrar to boost revenue

The Ghana Revenue Authority (GRA) has begun discussions with key agencies such as the Registrar of Companies and the Social Security and National Insurance...

BoG’s gold reserves hit 31.37tn in April 2025

The Bank of Ghana’s (BoG) total gold reserves reached 31.37 tonnes in April 2025. This was contained in a market data released by the BoG...

BoG’s gold reserves hit 31.37tn ending April 2025

The Bank of Ghana’s (BoG) total gold reserves reached 31.37 tonnes ending April 2025. This was contained in a market data released by the BoG...

Cedi trades at GH¢14.60 per dollar; BoG injects US$490m in April

The Ghana Cedi started the week on a losing streak despite a strong performance in April 2025. The local currency sold at GH¢14.60 to one...

Cedi strengthens in April 2025 as BoG interventions ease forex pressure

The Ghana Cedi demonstrated resilience against the US dollar and other major trading currencies in April 2025, buoyed by improved market liquidity following the...

Bond Market: Activity edged up 0.53% week-on-week to GH¢1.15bn

Trade activity in the secondary bond market edged up by 0.52% week-on-week to GH¢1.15 billion, from GH¢1.14 billion the previous week. This was supported by...

Youth Agriculture Estates to create 16,000 jobs – Otokunor

Director of Presidential Initiatives in Agriculture and Agribusiness, Dr. Peter Boamah Otokunor, has announced plans by the government to commence the Youth Agriculture Estate...

Gov’t to begin commercial kenaf jute production – Otokunor

The Government of Ghana is set to commence commercial production of kenaf fiber as part of a strategic initiative to develop a sustainable jute...

Negative real returns affect treasury bill demand – Analysts

Negative real returns are dampening investor appetite for treasury bills, Joy Business can confirm based on assertions from multiple analysts. This comes after investor demand...

COCOBOD CEO promises higher cocoa prices for 2025/2026 season beginning August

The Chief Executive Officer of the Ghana Cocoa Board (COCOBOD), Dr. Ransford Abbey, has assured cocoa farmers of an increase in producer prices for...

From telecom to fintech: MTN Ghana prepares to split MoMo from telco business

In a move to align with Ghana's financial regulations, Scancom PLC, the operators of MTN Ghana have announced plans to restructure its mobile money...

NSA targets 50% private sector placement in a new strategy to enhance NSS

The National Service Authority (NSA) is pushing to place at least 50% of national service personnel in the private sector as part of a...

President Mahama swears in Dr. Alhassan Iddrisu as Government Statistician

President John Dramani Mahama has officially sworn in Dr. Alhassan Iddrisu as the new Government Statistician, charging him to lead efforts to place credible...

COCOBOD CEO engages cocoa farmers in Workers’ Day visit

The Chief Executive of Ghana Cocoa Board (COCOBOD), Dr. Randy Abbey, has marked this year’s Workers’ Day by engaging directly with cocoa farmers in...

Minister of Energy and Finance engage Karpower on legacy debt

The Minister for Energy and Green Transition, John Abdulai Jinapor, and the Minister for Finance, Dr. Cassiel Ato Forson, held a crucial meeting with...

CLOSAG members in Oti Region demand better conditions of service

Members of the Civil and Local Government Staff Association of Ghana (CLOSAG) in the Oti Region have voiced serious concerns about their working conditions,...

Gold price falls almost 2% to two-week low

Gold price fell nearly 2% to a two-week low on Thursday May 1, 2025, as signs of easing trade tensions boosted risk appetite and...

‘We are not selling ECG’ – John Jinapor dispels privatisation fears, explains concession model

The Energy Minister has rejected claims that government is selling the Electricity Company of Ghana (ECG), saying Cabinet has instead chosen a concession model...