Oil Marketing Companies (OMCs) are anticipated to start raising fuel prices at filling stations from today, November 17. This move comes after the routine fortnightly review of petroleum product prices and projections from the Chamber of Oil Marketing Companies (COPEC), which estimates a 1% to 4% increase per litre across various fuels. Some OMCs informed...
Category: Business
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Finance Minister Presents 2026 Budgets Statement And Economic Policy
Finance Minister, Hon. Cassiel Ato Forson, has presented the 2026 Budget Statement and Economic Policy to Parliament, outlining government’s plan to reset the economy for growth, job creation, and transformation. The Minister said the budget seeks to consolidate macroeconomic stability by sustaining fiscal discipline, strengthening revenue mobilisation, and ensuring responsible debt management. He assured lawmakers...
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Bank of Ghana Unveils New Foreign Exchange Operations Framework
The Bank of Ghana (BoG) has introduced a new Foreign Exchange (FX) Operations Framework aimed at enhancing transparency, strengthening market confidence, and promoting macroeconomic stability. According to a statement issued by the Bank’s Communications Department, the new framework, approved by the BoG Board, is designed to clarify the objectives and guiding principles for the Bank’s...
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25 Arrested in Crackdown on Illegal Gold Trade in Accra
In a decisive move to curb illicit activities in the gold sector, the Ghana Gold Board, working in concert with the Goldbod Taskforce and National Security operatives, has arrested 25 individuals—comprising both foreign nationals and Ghanaians—for engaging in illegal gold trading, smelting, and assaying. The arrests stemmed from two coordinated operations conducted at Dome Pillar...
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Ghana Signs Sixth Bilateral Debt Agreement with Germany
Ghana has taken another significant step in its economic recovery efforts with the signing of a bilateral debt agreement with the Federal Republic of Germany. The agreement, signed earlier today by Minister for Finance Dr. Cassiel Ato Forson and German Ambassador Frederik Landshöft, marks the sixth such accord under Ghana’s ongoing debt restructuring programme. Describing...
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BoG Projects Continued Inflation Decline as Cedi Strengthens
The Bank of Ghana (BoG) has projected a further decline in inflation by the close of 2025, citing the sustained appreciation of the cedi and disciplined economic management as key drivers of the country’s disinflationary trend. Speaking at the launch of the Cedi@60 celebrations in Accra, Governor Dr. Johnson Pandit Asiama announced that headline inflation...
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Mahama Reaffirms Commitment to Stable Ghana Cedi at 60th Anniversary Celebration
President John Dramani Mahama has reaffirmed his administration’s commitment to ensuring a stable Ghanaian currency as the nation celebrates 60 years of the Ghana Cedi. In a statement shared on social media and highlighted by the Presidency Communications Directorate, President Mahama described the Bank of Ghana’s dedication to monetary stability and economic prosperity as “encouraging,”...
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Vice President Calls for Stronger Partnerships to Rebuild Confidence in Cedi
Vice President Professor Naana Jane Opoku-Agyemang has called on the Bank of Ghana (BoG) to strengthen its collaboration with commercial banks and the wider business community in order to preserve the progress made in stabilizing the Cedi and to fully restore confidence in the national currency. Addressing the Cedi@60 anniversary celebration in Accra, the Vice...
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Government Reaffirms Commitment to Cedi Stability – Finance Minister
The Minister of Finance, Dr. Cassiel Ato Forson, has reiterated the government’s firm dedication to preserving the stability of the Ghana cedi and consolidating the progress made in recent months. Addressing the ceremony to mark the 60th anniversary of the Ghana Cedi in Accra on Tuesday, October 28, Dr. Forson assured the nation that the...
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Cedi Appreciates 37% as Ghana Strengthens Economy – Bank of Ghana”
Ghana has achieved a significant economic recovery under the stewardship of President John Dramani Mahama, according to the Governor of the Bank of Ghana, Dr. Johnson Asiama. Delivering remarks at the commemoration of the 60th anniversary of the Ghana Cedi in Accra on Tuesday, October 28, Dr. Asiama emphasized that deliberate and challenging policy interventions...