The Ghana Gold Board (GoldBod) has announced that it generated US$1.011 billion in foreign exchange from artisanal and small-scale (ASM) gold trade operations in October 2026, reinforcing its role in supporting Ghana’s foreign exchange market and reserve accumulation efforts. In a statement issued on Monday, GoldBod said the earnings were generated in accordance with its...
Ghana and Burkina Faso are seeking to deepen trade and industrial cooperation through a proposed bilateral trade agreement aimed at strengthening cross-border commerce, industrial development and value addition. The Minister for Trade, Agribusiness and Industry, Hon. Elizabeth Ofosu-Adjare, reaffirmed Ghana’s commitment to closer economic collaboration while delivering the Guest of Honour address at the opening...
About 92% of businesses in Ghana operate informally, despite a near tripling of business establishments over the past decade, raising concerns about job creation and the growth of small businesses. Government Statistician, Dr Alhassan Iddrisu, disclosed this at the launch of the ‘Ghana in Numbers 2025’ publication by the Ghana Statistical Service in Accra. According...
Finance Minister, Dr. Cassiel Ato Forson, has underscored the government’s commitment to prudent fiscal management, stating that public resources are being directed towards priority areas while ensuring that statutory funds receive timely releases. According to the Finance Minister, the government’s spending approach is focused on addressing critical national needs without waste, marking what he described...
The Ghana Gold Board (GoldBod) has begun stakeholder consultations on its proposed Artisanal and Small-Scale Mining (ASM) Formalisation and Financing Support Programme (FFSP), a major initiative scheduled for implementation in 2027. The engagement, led by GoldBod’s Deputy Chief Executive Officer, Richard Nunekpeku, Esq., brought together key players in the small-scale mining and gold trading sectors to...
The Ghana Gold Board (GoldBod) has announced an adjustment to the timing of its daily local gold price announcements for all licensed gold buyers, effective from October 26, 2026, to March 27, 2027. In a compliance notice issued by its Compliance Directorate, GoldBod said the change has become necessary following the end of British Summer...
The Managing Director of the Tema Oil Refinery (TOR), Edmond Kombat, has disclosed that the refinery is currently operating a four-shift system under the government’s 24-Hour Economy policy as part of efforts to ensure continuous operations and create employment opportunities. According to him, TOR has adopted what he described as a “1-4-4” model, where a...
The Ghana Gold Board (GoldBod) has supplied US$130 million to the foreign exchange market in a spot sale held on Tuesday, as the cedi continues to record gains against the US dollar on the interbank market. According to the Board, the dollars were sold at GH¢11.60 per US dollar in the reported transaction. GoldBod said...
The Government of Ghana has paid more than GH¢4.40 billion to the Social Security and National Insurance Trust (SSNIT) and towards the settlement of second-tier pension obligations, in a move aimed at safeguarding workers’ retirement benefits and strengthening confidence in the country’s pension system. According to information released by the Ministry of Finance, the payment...
Ghana has secured a major legal victory in an international tax arbitration case against Tullow Ghana Limited, with an arbitration tribunal ruling in favour of the Republic and upholding the Ghana Revenue Authority’s (GRA) tax assessment on business interruption insurance proceeds. According to a statement issued by the Ministry of Finance, the arbitral tribunal, constituted...