The Government of Japan has committed fresh support to Ghana’s development agenda with the signing of two major grant facilities valued at approximately 3.5 billion Japanese Yen. At a ceremony in Accra yesterday, the Japanese Ambassador to Ghana, H.E. Hiroshi Yoshimoto, and Ghana’s Minister for Foreign Affairs, Hon. Samuel Okudzeto Ablakwa, formalized the agreements on...
Category: Business
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Govt. Announces New Producer Price Of Cocoa At GHC 3,625 Per Bag
The Government of Ghana has announced a new increase in the producer price of cocoa, raising it to GHS3,625 per bag of 64kg, equivalent to GHS58,000 per tonne, effective Friday, 3rd October 2025. The Finance Minister, Dr. Cassiel Ato Forson, who made the announcement in Accra, said the new price represents a 12.27 percent increase,...
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Ghana’s Inflation Drops to 9.4% as GSS Pushes Measures to Sustain Recovery
Ghana’s steady movement toward price stability with annual inflation easing to 9.4% in September 2025 has been accompanied by a focused set of proposals from the Ghana Statistical Service (GSS) aimed at consolidating these improvements. During a presentation to key stakeholders, Government Statistician Dr. Alhassan Iddrisu outlined specific measures for households, businesses, and policymakers to...
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Nkoko Nkitinkiti: Government prepares GHC200m poultry initiative to reduce imports
The Government of Ghana has reiterated its commitment to roll out the long-awaited ‘Nkoko Nkitinkiti’ Programme in the first week of October, an initiative aimed at cutting the country’s heavy dependence on imported poultry, which drains over $300 million annually. Under the scheme, the state will acquire 3 million birds for distribution nationwide. Each constituency...
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MultiChoice Unveils Major Value Boost for Ghanaian Subscribers
The Ministry of Communication, Digital Technology, and Innovation has announced a landmark agreement with MultiChoice Africa to ease the financial burden of pay-TV services on Ghanaian households. Following extensive stakeholder engagement, DSTV subscribers in Ghana will now enjoy between 33% and 50% more value on their subscriptions beginning October 1, 2025. At a press briefing,...
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IMANI Calls for Probe After Forensic Report Uncovers Gold-for-Oil Scandal
A forensic risk assessment of Ghana’s much-touted Gold-for-Oil (G4O) initiative has uncovered massive financial leakages, entrenched fraud, and glaring governance lapses—triggering loud calls from IMANI Africa and allied oversight groups for swift prosecutions and recovery of stolen state funds. The multinational probe, which drew on records from the National Petroleum Authority (NPA), Bulk Oil Storage...
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GoldBod, GCX in Talks to Boost Gold Trading Through Innovative Models
The Ghana Gold Board (GoldBod) and the Ghana Commodity Exchange (GCX) have commenced discussions aimed at promoting gold trading on the GCX platform, in a move expected to deepen the country’s precious metals market and broaden investment opportunities. The collaboration will explore the introduction of innovative gold trading models, including gold ownership and investment through...
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Gold Board Suspends NK Benark Enterprise Licence, Orders Closure of All Shops
The Ghana Gold Board (GoldBod) has with immediate effect suspended the licence of NK Benark Enterprise, a licensed gold buyer (Tier 2), and directed the closure of all its trading outlets across the country. In a statement issued by the Compliance Directorate, GoldBod explained that the decision follows the company’s complicity in several gold-related offences...
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Ghana’s Public Debt Climbs to GH¢628.8bn in July 2025
Ghana’s total public debt stock rose by GH¢15.8 billion in July 2025, reaching GH¢628.8 billion ($59.9 billion), according to the Bank of Ghana’s September 2025 Summary of Economic and Financial Data. The increase—equivalent to 44.9% of Gross Domestic Product (GDP)—comes after three straight months of declines, driven earlier in the year by the cedi’s strong...
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Gold Board Donates GHS 5 Million and Vehicles to Boost Fight Against Illegal Mining
The Ghana Gold Board has reaffirmed its commitment to sustainable mining and environmental protection with a major donation to the Ministry of Lands and Natural Resources in support of the fight against illegal mining, popularly known as galamsey. At a brief ceremony in Accra, the Board presented a cheque for GHS 5 million and five...