The Ghana Gold Board (GoldBod) has strongly condemned the circulation of false and misleading publications aimed at distorting its enforcement actions and undermining public confidence in its operations. In a statement issued by its Media Relations Unit, GoldBod urged the public to disregard fabricated claims and rely solely on information disseminated through its official communication...
The Bank of Ghana has cautioned the public against engaging with unlicensed digital credit service providers operating in the country without authorization. In a notice issued on August 3, 2026, the central bank stressed that such entities violate customer data privacy, consumer protection, and regulatory standards. It warned banks, specialised deposit‑taking institutions (SDIs), and payment...
The Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, has underscored the indispensable role of resilient pension systems in promoting financial stability and sustainable economic development across Africa. Addressing the Africa Pension Supervisors Association (APSA) Annual Conference in Accra, Dr. Asiama emphasized that stronger collaboration among regulators, enhanced supervisory frameworks, technological resilience, and...
Motorists, transport operators and businesses should prepare for another increase in fuel costs from August 1, as industry projections point to higher petrol, diesel and LPG prices in the first pricing window of the month. The Chamber of Oil Marketing Companies (COMAC) projects petrol prices could increase by about 7.58%, while diesel is expected to...
Parliament has passed a bill amending the Income Tax Act, 2015 (Act 896), introducing significant changes aimed at easing the tax burden on workers and aligning thresholds for small businesses. The amendment revises individual income tax rates, exempts the National Daily Minimum Wage from income tax, and harmonises the presumptive tax turnover threshold with the...
Parliament has adopted the report of the Finance Committee approving the engagement of Principal Consult Limited to develop, implement, and deploy a cross‑border E‑commerce Value Added Tax (VAT) monitoring and collection system for the Ghana Revenue Authority (GRA). Presenting the Committee’s report to the House, Chairman Hon. Isaac Adongo explained that the proposed system is...
The Food and Drugs Authority (FDA) has taken swift action following a viral video that exposed smoked and salted fish being processed under unhygienic conditions in parts of the country. A rapid response team, working in collaboration with the Tema Metropolitan Assembly and the Ghana Police Service, was dispatched on Monday, July 27, to confiscate...
The International Monetary Fund (IMF) Executive Board has approved the final review of Ghana’s US$3 billion Extended Credit Facility (ECF) programme, marking the successful conclusion of the bailout initiative launched in May 2023 in response to the 2022 economic crisis. The approval, announced on Monday, July 27, 2026, unlocks a final disbursement of US$371 million...
The Ministry of Finance has attributed Ghana’s 2022 economic crisis to what it described as a series of costly policy decisions, including reckless spending, excessive borrowing, and weak accountability. Presenting the 2026 Mid‑Year Fiscal Policy Review, the Ministry said the downturn was not accidental but the result of deliberate choices that undermined fiscal stability and...
Ghana and China have reaffirmed their longstanding economic partnership as a seven‑member delegation of Chinese entrepreneurs and academics paid a courtesy call on the Ministry of Trade, Agribusiness and Industry in Accra on Monday, July 27. The delegation, led by Professor Haoxing Zhao, Dean of the China‑Africa Economic and Trade Research Institute and founder of...