The State Interests and Governance Authority (SIGA) has lauded the Tema Oil Refinery (TOR) for achieving a historic financial turnaround, marking its first profit in ten years. In a press statement issued in Accra on June 1, 2026, SIGA disclosed that TOR posted a profit before tax of GHS 1.24 billion in 2025, supported by...
Some Oil Marketing Companies (OMCs) have started increasing the prices of petroleum products at the pumps from this morning, June 1, 2026. The increase is in line with the two-week review of fuel prices by the various oil firms in the country, as part of the price deregulation policy. Star Oil took the lead this...
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...
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...
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...
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...
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...
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...
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...
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,...