HomeBusiness

Business

BoG reviews monetary policy framework to boost economic stability

The Bank of Ghana has begun a comprehensive review of its monetary policy implementation framework. Governor Dr. Johnson Asiama explained that the central bank is...

Cedi performance: Mahama rules but Bawumia’s ideas reign – Gideon Boako

Member of Parliament for Tano North and aide to former Vice President Dr. Mahamudu Bawumia, Dr. Gideon Boako, has dismissed claims by Sammy Gyamfi,...

Tullow Ghana restarts drilling in Jubilee Field

Tullow Ghana and its partners have announced the restart of drilling operations in the Jubilee Field, marking a renewed phase of investment and confidence...

Monetary Policy Committee of BoG begins meeting today

The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) will begin its 124th meeting today to review macroeconomic developments in the country....

Michael Okyere Baafi debunks NDC claims on cement price reduction

Former Deputy Minister of Trade and Industry, Michael Okyere Baafi, has refuted claims by the governing National Democratic Congress (NDC) that cement prices have...

Cocoa Marketing Company Board inaugurated

The nine-member Governing Board of the Cocoa Marketing Company (CMC) Limited has been officially inaugurated, signaling a renewed commitment to operational efficiency, stakeholder empowerment,...

NLA governing board inaugurated

In accordance with Section 36 of the National Lotto Act, 2006 (Act 722), the Deputy Minister of Finance, Thomas Nyarko Ampem, has inaugurated a...

Manhyia South MP calls for immediate suspension of electricity tariff hike [Audio]

Manhyia South Member of Parliament (MP), Nana Agyei Baffour Awuah, has called on the Public Utilities Regulatory Commission (PURC) to immediately suspend the implementation...

BoG to resume monetary easing in quarter 3, 2025

The Bank of Ghana (BoG) is expected to resume monetary easing in the third quarter of 2025, but at a measured pace, Fitch Solutions...

Cedi to end 2025 at GH¢15.50 to one US dollar – Fitch Solutions

The Ghana cedi will end 2025 at GH¢15.50 to one US dollar, with an annual average of GH¢15.30/US dollar, Fitch Solutions has predicted. This forecast...

Finance Minister attributes cedi’s gains to GoldBod interventions

Ghana’s Finance Minister, Dr. Cassiel Ato Forson, has attributed the cedi’s recent strong performance in global currency rankings to the strategic interventions of the...

GoldBoD is key to currency stability and growth – Ato Forson

Ghana’s Finance Minister, Dr Cassiel Ato Forson, has described the newly inaugurated Ghana GoldBoD as a strategic instrument for ensuring long-term currency stability and...

Cedi’s turnaround is no accident – Ato Forson

Ghana’s Finance Minister, Dr Cassiel Ato Forson, has attributed the dramatic resurgence of the cedi to strategic coordination between the country’s monetary and fiscal...

Ghana cedi’s rise signals a sustainable economic reset – Finance Minister

Finance Minister Dr. Cassiel Ato Forson says Ghana’s impressive currency gains reflect a deeper transformation underway in the country’s economic foundations. Speaking on the...

Cedi’s 16.7% surge marks major economic turnaround – Ato Forson

Ghana’s Finance Minister, Dr. Cassiel Ato Forson, has described the Ghana cedi’s strong performance as a “remarkable turnaround” in the country’s economic narrative. Speaking on...

BoG Deputy Governor says cedi appreciation is no fluke

The First Deputy Governor of the Bank of Ghana (BoG), Dr. Zakari Mumuni, has stated that the recent appreciation of the Ghana cedi is...

Bawumia declares ‘I was made for this’ while leading Africa’s Digital Agenda at Cambridge

At the prestigious Cambridge Africa Business Conference, former Vice President Dr. Mahamudu Bawumia delivered a rousing message of purpose and progress, declaring, “I was...

Policymakers have failed to learn lessons from history and economics – Bawumia

Former Vice President Dr. Mahamudu Bawumia has criticised contemporary global policymakers for failing to heed the fundamental lessons of history and economics, particularly in...

You can’t fix trade deficits with tariffs – Bawumia

Former Vice President, Dr. Mahamudu Bawumia, has cautioned against using tariffs as a solution to trade imbalances, stressing that such deficits are macroeconomic in...

Africa’s time is now – Bawumia inspires with digital vision at Cambridge Conference

Former Vice President Dr. Mahamudu Bawumia delivered a speech at the Cambridge Africa Business Conference, rallying a global audience around Africa’s digital awakening. Declaring that...

Smart Formalisation holds the answer to Africa’s problems – Bawumia

Former Vice President Bawumia Urges Africa to Embrace ‘Smart Formalisation’ for Development Former Vice President of Ghana, Dr. Mahamudu Bawumia, has called on African nations...

We knew what we were doing – BoG fires back after cedi gains 12%

First Deputy Governor of the Bank of Ghana, Dr. Zakaria Mumuni, says the cedi's performance is not only a dramatic reversal from last year...

Why is a board member doing PR? – Ken Thompson questions Adongo’s dollar withdrawal comments

Economist Kenneth Kwamina Thompson has questioned why Dr. Isaac Adongo, a board member of the Bank of Ghana (BoG), is publicly commenting on operational...

Bawumia criticises Global Policymakers over trade deficit misdiagnosis

Former Vice President, Dr. Mahamudu Bawumia, has criticised contemporary global policymakers for failing to heed the fundamental lessons of history and economics, particularly in...

Bawumia warns against tariffs as solution to trade deficits

Former Vice President Dr. Mahamudu Bawumia has cautioned against the use of tariffs as a remedy for trade imbalances, stressing that such deficits are...

Business planning at risk amid volatile cedi appreciation — Kenneth Thompson

Former Chief Executive of Dalex Finance, Kenneth Thompson, has raised concerns over the sudden appreciation of the Ghanaian cedi against the US dollar, warning...

Strengthen foreign reserves for long-term stability – Prof Bokpin urges

An economist at the University of Ghana Business School, Professor Godfred Bokpin, has emphasised the urgent need for Ghana to strengthen its foreign reserves...

Prof Bokpin calls for urgent reforms, private sector role in power distribution

Economist Prof Godfred Bokpin has highlighted critical challenges facing Ghana’s energy sector and called for urgent structural reforms, including private sector participation. Speaking on JoyNews’...

Moody’s downgrades US credit rating citing rising debt

The US has lost its last triple-A credit score from a major ratings firm after being downgraded by Moody's, which cited growing federal debt...

Gov’t to acquire 200,000 hectares for cocoa plantations to boost production – Finance Minister

The Minister for Finance, Dr. Cassiel Ato Forson, has announced an ambitious government plan to acquire 200,000 hectares of land for cocoa plantations as...

11-Member Ghana Cocoa Board inaugurated with pledge to revive sector

An eleven-member Board of Directors for the Ghana Cocoa Board (COCOBOD) has been officially inaugurated at a brief but significant ceremony held at the...

MPs push for intervention amid worsening cement shortage

Ghana is currently facing a nationwide cement shortage that has caused sharp price hikes and growing concern across the construction sector. In response, the Chairman...

We’ve already hit IMF target – BoG Deputy Governor declares reserve milestone

The First Deputy Governor of the Bank of Ghana (BoG), Dr. Zakari Mumuni, has stated that Ghana has already exceeded the ambitious reserve target...

GNPC Ag. CEO outlines strategic upstream reset at Africa Energies Summit

At the 8th edition of the Africa Energies Summit, Kwame Ntow Amoah, Acting CEO of the Ghana National Petroleum Corporation (GNPC), presented a forward-looking...

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...