The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has mounted a firm defence of the central bank’s new direction in mineral resource management, stressing the need to safeguard the Gold-for-Reserves initiative while admitting that key reforms are required to clear operational hurdles. Appearing before Parliament’s Public Accounts Committee (PAC) on Monday, January...
Category: Business
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Domestic Gold Purchase Programme Records Billions in Losses – Bank of Ghana
The Bank of Ghana has confirmed significant financial losses under the Domestic Gold Purchase Programme (DGPP), contradicting claims by the NPP Minority Caucus that the initiative incurred no losses since its inception. In a formal response dated January 12, 2026, to a Right to Information (RTI) request from Asempa FM, the central bank provided audited...
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Government Clears $1.47 Billion Energy Sector Debt, Restores Stability and Credibility
The Government of Ghana, under the leadership of President John Dramani Mahama, has decisively resolved the crippling energy sector debt that had posed one of the gravest risks to the nation’s financial stability. When President Mahama assumed office in January 2025, the energy sector was on the brink of collapse following years of persistent non-payment...
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Ghana, U.S. Reaffirm Strong Trade and Investment Partnership
Ghana and the United States have reaffirmed their commitment to deepening trade and investment ties following high-level discussions in Washington, D.C. On Wednesday, January 7, 2026, Ghana’s Minister for Trade, Agribusiness and Industry, Hon. Elizabeth Ofosu-Adjare, together with Ghana’s Ambassador to the United States, H.E. Victor Emmanuel Smith, met with U.S. Trade Representative Jamieson Lee...
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SSNIT Raises Pensions By 10% With Boost For Low-Income Retirees
The Social Security and National Insurance Trust (SSNIT) has increased monthly pensions by 10 per cent for 2026, with the adjustment designed to provide greater relief for pensioners on lower incomes. Under the new indexation, all pensioners on the SSNIT Pension Payroll as of December 31, 2025, will receive a fixed increase of six per...
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Minority Accuses Mahama Government of US$214m Loss in Gold-for-Reserves Programme
The Minority in Parliament has accused the Mahama administration of recklessly expanding the Gold-for-Reserves initiative, blaming the government for what it describes as a US$214 million loss recorded within nine months. Addressing the press on Thursday, January 8, Deputy Minority Leader and Member of Parliament for Asokwa, Patricia Appiagyei, said the development reflects a major...
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Ghana Ends 2025 with Record Low Inflation, Signaling Economic Stability
Ghana wrapped up 2025 with a significant economic milestone as headline inflation dropped to 5.4% in December, marking the twelfth consecutive month of decline. This latest figure represents a sharp fall from 6.3% in November and a dramatic year-on-year drop from 23.8% in December 2024. The Ministry of Finance described the development as a major...
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Inflation For December 2025 Falls To 5.4%, Lowest Since 2021 Rebase
Ghana’s inflation continued its steady decline in December 2025, falling to 5.4 percent year on year, marking the 12th consecutive month of disinflation and the lowest rate since the Consumer Price Index (CPI) was rebased in 2021, according to the Ghana Statistical Service. Presenting the latest inflation figures in Accra, Government Statistician, Dr. Alhassan Iddrisu,...
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World Gold Council, Ghana Gold Board Explore Partnerships for ASM Formalization
The World Gold Council (WGC), led by its Chief Executive Officer, Mr. David Tait, has held a high-level strategic engagement with the Chief Executive Officer of the Ghana Gold Board, Mr. Sammy Gyamfi Esq., and members of the Governing Board of the Gold Board in Accra. The meeting, which took place earlier today, focused on...
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British High Commission, Bank of Ghana Host Inaugural London-to-Accra Economic Growth Summit
The British High Commission in Ghana on Tuesday, 6 January 2026, partnered with the Bank of Ghana to host the inaugural London-to-Accra Economic Growth Summit. The landmark event explored new pathways for sustainable economic development, bringing together Governor Dr. Johnson Asiama, First Deputy Governor Dr. Zakari Mumuni, Second Deputy Governor Mrs. Matilda Asante-Asiedu, British High...