Energy Minister John Abdulai Jinapor, together with Finance Minister Dr. Cassiel Ato Forson, on Tuesday signed a pivotal term sheet with Eni Ghana E&P, Vitol Upstream Ghana Limited, and the Ghana National Petroleum Corporation (GNPC) to advance plans for a major expansion of domestic gas production under the Offshore Cape Three Points (OCTP) project. The...
Category: Business
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Ghana Records Sharp Decline in Inflation in 2025
Ghana’s inflation rate fell sharply in 2025, marking one of the strongest improvements in recent years, according to the 2025 Annual Inflation Report released by the Ghana Statistical Service (GSS). The report shows that inflation dropped from 23.5 percent in January 2025 to 5.4 percent by December, the lowest end-year rate since 2019. Annual average...
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Damang Gold Mine Sells First Output to GoldBod in Support of Reserves
In a landmark transaction, Ibrahim Mahama’s Damang Gold Mine Limited has sold 100 percent of its first gold output to the Ghana Gold Board (GoldBod), marking a significant step in efforts to boost Ghana’s foreign reserves. The historic sale, amounting to about 110 kilograms of gold, was received earlier today at the GoldBod Assay Lab...
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GoldBod Records Strong Operational Gains in 2025
The Ghana Gold Board (GoldBod) has posted a remarkable improvement in operational efficiency in 2025, achieving exponential revenue growth while reducing expenditure, despite a major expansion in staff strength and institutional mandate. According to audited financial statements as at December 31, 2025, GoldBod increased its non-tax revenue from GH₵307.7 million in 2024 to GH₵970.76 million...
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Majority Defends BoG, Credits Cedi Recovery to Policy Interventions
The Majority Caucus in Parliament has rallied behind the Bank of Ghana (BoG), praising the central bank for what it calls a remarkable rebound in the performance of the Cedi since the National Democratic Congress (NDC) assumed office. At a press briefing on Thursday, April 30, the Member of Parliament for Sagnarigu, Issah Atta, maintained...
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Finance Minister Files Tax Returns, Urges Compliance as Civic Duty
The Minister for Finance, Dr. Cassiel Ato Forson, together with his Deputy, has publicly filed their annual tax returns, underscoring the importance of leadership by example in strengthening Ghana’s tax culture. Speaking after the filing, Dr. Forson congratulated Ghanaian taxpayers for their consistent efforts in supporting national development through compliance. He emphasized that paying taxes...
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Building Cost Inflation Records 2.2% in March 2026
The Ghana Statistical Service (GSS) has reported that the Prime Building Cost Index (PBCI) recorded a year-on-year inflation rate of 2.2 percent in March 2026, reflecting changes in the overall cost of construction inputs such as materials, labour, and equipment. The PBCI, benchmarked to a 2023 base year of 100, serves as a key tool...
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Finance Minister Welcomes IMF Mission for Sixth Programme Review
Ghana’s Finance Minister, Dr. Cassiel Ato Forson, has welcomed the International Monetary Fund (IMF) Mission team, led by Dr. Ruben Atoyan, to commence the Sixth Review of Ghana’s programme under the Extended Credit Facility. Reflecting on the country’s economic journey since the 2022 crisis, Dr. Forson described the partnership with the Fund as “long, demanding,...
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Vice President Opens SHEA 2026, Calls for Value‑Added Shea Production”
Vice President Jane Naana Opoku‑Agyemang has officially opened the SHEA 2026 Conference, hosted by the Global Shea Alliance with support from the 24‑Hour Economy and Accelerated Export Development Secretariat. The Alliance, inaugurated in 2011 by President John Dramani Mahama, has grown into a continental platform for collaboration, with this year’s gathering drawing participants from 21...
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GoldBod CEO Tours Royal Ghana Gold Refinery Ahead of Refining Services Agreement
The Chief Executive Officer of GoldBod, Lawyer Sammy Gyamfi, has toured the Royal Ghana Gold Refinery as part of ongoing processes to finalize a refining services agreement with the facility. The visit forms part of the broader local value addition agenda being championed by the NDC/Mahama government, which seeks to strengthen Ghana’s position in the...