HomeBusiness

Business

BoG designates digital credit services as non-bank financial service

The Bank of Ghana (BoG) has formally designated Digital Credit Services as a Non-Bank Financial Service under the First Schedule of the Non-Bank Financial...

TUC urges gov’t to address rising debt, warns of possible drastic measures

The Trade Union Congress (TUC) of Ghana has called on the government to take immediate steps to address the country’s rising debt, which it...

Greater Accra Region records 115 out of 140 investment projects in 2024

The Greater Accra Region accounted for 115 out of 140 projects registered as investments by the Ghana Investment Promotion Centre (GIPC) in 2024. According to...

Government to inject $20 million to boost agriculture in Northern-Savannah zone

The Minister for Agriculture, Eric Opoku, has revealed that the government is set to inject $20 million into 12 selected districts across the five...

Ghana records slight decline in unemployment; youth joblessness remains high

The Ghana Statistical Service (GSS) has released the July 2025 edition of its Quarterly Labour Statistics, showing a marginal drop in the national unemployment...

COCOBOD expecting over $4bn inflows before end of year to boost cedi

Bank of Ghana Governor, Dr. Johnson Asiama, has disclosed that COCOBOD is expecting inflows of more than $4 billion before the end of this...

Director-General of Liberian National Lottery Authority and team pay working visit to NLA Ghana

The Director-General of the Liberia National Lottery Authority, Peter L. Solo, has commended the National Lottery Authority (NLA) of Ghana for its outstanding leadership...

GoldBod suspends Evanex Gold Enterprise over illegal pricing

The Ghana Gold Board (GoldBod) has suspended the licence of Evanex Gold Enterprise, a licensed Tier 2 gold buyer, with immediate effect. The regulator said...

Bono East Regional Minister urges loan repayment to sustain rural banks

The Bono East Regional Minister, Francis Owusu-Antwi, has called on customers and shareholders of banks, particularly rural and community banks, to honor their loan...

Cedi’s current pressure is a short-term blip; things will normalise soon – BoG Governor assures

The governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has described the current pressure on the cedi as a short-term blip and...

Ghana, Singapore partner on cross-border payment systems to boost AfCFTA trade

President John Dramani Mahama has announced a partnership between Ghana and Singapore to develop interoperable cross-border payment systems, aimed at facilitating trade and investment...

BoG directs mining firms to route forex through commercial banks

The Bank of Ghana (BoG) has instructed mining companies to channel their foreign exchange inflows through commercial banks instead of directly to the central...

10 million youth to join labour force by 2040: Finance Ministry calls for bold fiscal reforms

Chief Director of the Ministry of Finance, Patrick Nomo, has warned that Ghana must radically rethink its approach to public financial management as the...

Disparities in lotto returns push NLA to demand full licensing

The National Lottery Authority (NLA) is taking bold steps to clean up Ghana’s lotto industry with a new directive requiring all agents to be...

BoG to strictly enforce foreign currency transfers; warns travellers against carrying more than $10,000

The Bank of Ghana (BoG) has announced amendments to its guidelines on the importation and exportation of foreign currency as part of efforts to...

BoG bans dollar pricing for school fees, rent, airline tickets, and more

The Bank of Ghana (BoG) has warned the public that all unauthorized foreign exchange transactions—including black market dealings, pricing, quoting, advertising, issuing receipts, and...

BoG revises rules on foreign currency imports and exports

The Bank of Ghana (BoG) has announced amendments to the rules governing the import and export of foreign currency, effective September 1, 2025, as...

Ghana, Japan strengthen SME cooperation as GEA CEO Margaret Ansei engages in talks at TICAD 9

The Chief Executive Officer of the Ghana Enterprises Agency (GEA), Margaret Ansei, has held bilateral talks with Japan’s Small and Medium Enterprises Agency on...

Forex scarcity fuelling mafia-style auctions at our ports – IEAG warns of mass action

The Importers and Exporters Association of Ghana (IEAG) has expressed serious concern over what it describes as a “mafia” system of illegal auctions at...

BoG’s policy rate to go down further in September 2025 – Report

The policy rate of the Bank of Ghana is expected to go down again in September 2025. According to IC Research, the research arm of...

GRA to deploy technology to track crypto accounts by year-end

The Commissioner-General of the Ghana Revenue Authority (GRA), Anthony Kwasi Sarpong, has assured that cryptocurrency traders in Ghana cannot evade taxes, as the authority...

Cedi still wobbly despite appreciation – Abena Osei Asare

Former Deputy Finance Minister and Chairperson of the Public Accounts Committee (PAC), Abena Osei Asare, has expressed concern over the continued instability of the...

Ghana open for Business 24/7 under new economic strategy – Mahama

President John Dramani Mahama has assured international investors that Ghana is “open for business round the clock” as the government rolls out its ambitious...

Cedi crosses GH¢11 to US dollar amid supply pressures

The Ghana cedi has crossed GH¢11 to the US dollar, according to commercial bank quotes. Checks by Joy Business show that while some banks are...

Gov’t tightens gold sector oversight ahead of key financial evaluation

The Government of Ghana has pledged to intensify reforms in the gold sector as it prepares for a crucial international evaluation of its anti-money...

NPA engages industry players on Draft Petroleum Bill

The National Petroleum Authority (NPA) convened a stakeholder forum in Accra on Monday, August 25, to deliberate on the draft NPA Bill, as part...

T-Bills auction: Gov’t misses target again; interest rates rise

The government missed its treasury bills (T-bills) target for the third consecutive week as investors continued to favour high-yielding instruments, such as fixed deposits. According...

Finance Ministry interdicts CAGD staff over alleged payroll fraud

The Ministry of Finance has interdicted a staff member of the Controller and Accountant General’s Department (CAGD) over allegations of payroll fraud. The officer is...

BoG scales back size, frequency of dollar intervention

The Bank of Ghana(BoG) has scaled back its size and frequency of foreign exchange intervention in the forex market. The Central Bank, during the second...

Nine institutions owe state GH¢47m in unpaid taxes – GRA

The Ghana Revenue Authority (GRA) has revealed that nine institutions collectively owed the state GH¢47 million in unpaid taxes as of December 2023. Appearing before...

Ghana poised to expand partnerships in textiles, automotive, and green economy

Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, has called on Japanese businesses to scale up their investments in Ghana, positioning the country as...

Expert panel calls for urgent reforms to Ghana’s PPP framework

An expert panel of policymakers, academics, private sector leaders, and civil society organizations has called for urgent reforms to Ghana’s Public-Private Partnership (PPP) regulatory...

MiDA backs Trump-era MCC strategy, pledges commitment despite past $190m setback

The Millennium Development Authority (MiDA), the agency responsible for implementing the Millennium Challenge Corporation (MCC) programmes in Ghana, has pledged full support for the...

Kwahu Onion farmers urge government to regulate foreign imports

Onion farmers in Kwahu Kotoso (Kwahu East District) and Kwahu Pitiku (Kwahu South Municipality) in the Eastern Region are appealing to President John Dramani...

Bank of Ghana scales back forex interventions amid cedi appreciation

The Bank of Ghana has scaled back both the size and frequency of its foreign exchange interventions in the forex market. During the second quarter...

Modified taxes, digital surveillance to transform Ghana’s tax system – GRA

Commissioner-General of the Ghana Revenue Authority (GRA), Anthony Kwasi Sarpong, says Ghana’s tax landscape is set to be transformed by two key interventions: modified...

Mahama arrives in Singapore for visit aimed at deepening partnership

President John Dramani Mahama has arrived in Singapore for a three-day visit aimed at strengthening bilateral cooperation, expanding trade and investment, and advancing partnerships...

Ghana is open for business – Mahama showcases opportunities at TICAD 9

Ghana has reiterated its readiness to attract more foreign investments as President John Dramani Mahama led a high-level delegation to the Presidential Investment Forum...

Leadership is cause, everything else is effect: An analysis of BoG’s directive on large forex cash withdrawals

The Bank of Ghana’s (BoG) recent directive restricting large foreign exchange (forex) cash withdrawals from commercial banks is a timely and strategic measure aimed...

Cedi’s sharp recovery hit 30% of our revenues, but we’ll bounce back – GRA boss

The recent sharp appreciation of the cedi has dealt a significant blow to government revenues, the Commissioner-General of the Ghana Revenue Authority (GRA), Anthony...