HomeBusiness

Business

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...

Apex Health Insurance launches newest product ‘Abusua Pa Health’ plan

Apex Health Insurance has launched its newest product, the "Abusua Pa Health Plan," designed to reduce the financial burden of illness on families while...

Association of Banks advocate pension fund diversification

The Chief Executive Officer of the Ghana Association of Banks (GAB), John Awuah, is advocating a strategic shift in pension fund investments to ensure...

Finance Minister inaugurates new GRA board to drive revenue transformation

The Minister for Finance, Dr. Cassiel Ato Forson, has inaugurated a nine-member Governing Board for the Ghana Revenue Authority (GRA), tasking them with the...

Fitch Solutions maintains 4.2% GDP growth forecast for Ghana in 2025

Fitch Solutions has maintained its forecast of 4.2% Gross Domestic Product (GDP) growth for Ghana in 2025, slightly above the International Monetary Fund's (IMF)...

Ghana can payback debts, says IMF

Ghana can repay its debts when they fall due, provided it continues implementing the objectives of the US$3 billion loan-supported programme with the International...

Stakeholders urge gov’t to fix Tema Port challenges

Stakeholders operating at the Tema Port are calling on the government to take urgent steps to sanitise operations at the port, warning that Ghana...

40,000 jobs up for grabs as NEIP launches Adwumawura Programme

The Adwumawura Programme, which is expected to create 40,000 jobs over a four-year period, is not just a policy but a commitment — a...

Thousands of Ghanaian customers affected by recent cybersecurity breach at MTN

MTN Ghana has announced that about 5,700 of its customers may have been affected by a recent cybersecurity breach. The company confirmed the incident in...

Cedi strengthens to GH¢15.96 against dollar

The Ghana cedi gained 0.63% week-on-week against the US dollar last week as demand pressures waned. The local currency closed the week at GH₵15.96 to...

Ghana records 5th year without petroleum investment – PIAC

Despite efforts by the Ministry of Energy to attract investments into the Upstream Petroleum Industry, there was no Petroleum Agreement signed in 2024. According to...

Bank of Ghana targets 12% inflation rate for 2025

Bank of Ghana Governor, Dr. Johnson Asiama, has revealed that the Central Bank is now targeting an end-year inflation rate of 12 per cent...

NEIP CEO spearheads Adwumawura Programme to empower 10,000 youth entrepreneurs annually

Ghana has officially launched the Adwumawura Programme, a flagship project designed to cultivate 10,000 young entrepreneurs across the nation. This bold step marks a pivotal...

Mahama appoints Matilda Asante-Asiedu as BoG Second Deputy Governor

President John Mahama has appointed Matilda Asante-Asiedu as the Second Deputy Governor of the Bank of Ghana (BoG). This was announced in a statement signed...

Lola Hair & Beauty College, Lola Hope Foundation Ghana inaugurated to empower young people

Rev. Minister Latifa Adekanla, founder of Lola Hair and Beauty College, has inaugurated the Lola Hope Foundation Ghana to empower young and vulnerable individuals...

Tetrete Okuamoah Sekyim II commends COCOBOD boss for strong start

The Paramount Chief of the Wasa Amenfi Traditional Area, Nana Tetrete Okuamoah Sekyim II, has heaped praises on the Chief Executive of Ghana Cocoa...

Gov’t surpasses Treasury Bill target by GH¢550m

The government of Ghana has exceeded its Treasury bill target by GH¢550 million, according to the latest auction results released by the Bank of...

‘Cedi’s stability against US Dollar will be sustained’ – BoG Governor

Bank of Ghana (BoG) Governor, Dr. Johnson Asiama, says the cedi’s days of excessive volatility against the dollar are coming to an end. Speaking to...

Ghana risks fiscal crisis if IMF programme ends in 2026 – Bokpin

Associate Professor of Finance and Economics at the University of Ghana Business School, Professor Godfred Bokpin, has cautioned the government against ending the International...

IMF boss commends Finance Minister for strong commitment to economic reforms

The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has commended Minister for Finance, Dr. Cassiel Ato Forson, and his team for...

Finance Minister leads strategic engagement with Ghana Heritage Club in Washington

Finance Minister Dr. Cassiel Ato Forson led Ghana’s delegation to the Imf/spring meetings to meet with the Ghana Heritage Club at the World Bank...