Category: Business

Minister for Food and Agriculture, Eric Opoku, says the upcoming launch of the ‘’Nkɔkɔ Nketenkete feed’’ brand signals a new era in agribusiness, particularly in efforts to boost domestic poultry production. During a working visit to the construction site of a state-of-the-art poultry feed factory by A2 Company in Kumasi, the Minister praised the bold...

The Bank of Ghana (BoG) stands ready to take prudent and pre-emptive measures to preserve Ghana’s economic stability and protect the progress against the impact of the Israel and Iran war, Governor of the Bank of Ghana, Dr Johnson Asiama, has said. Dr Asiama said that Ghana’s foreign reserve position, inflation trajectory, and fiscal adjustment...

Fitch Ratings has upgraded Ghana’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B-‘ from ‘Restricted Default’ (RD). The Outlook is Stable. A full list of rating actions is at the end of this rating action commentary. Key Rating Drivers Relations with Commercial Creditors Normalised: The upgrade of Ghana’s Long-Term Foreign-Currency IDR to ‘B-‘ from ‘RD’ reflects Fitch’s assessment that...

Finance Minister Dr Cassiel Ato Forson has assured Ghanaians that the Mahama administration is unwavering in its resolve to fully revive the economy and deliver lasting relief and shared prosperity. He said this while reacting to the upgrade of Ghana’s economy by Fitch Ratings. “I assure you—this is only the beginning. We are unwavering in...

Consumers can expect lower fuel prices at the pumps starting Monday, June 16, 2025, following the government’s decision to postpone the implementation of the GH¢1 Energy Sector Levy. Consumers can expect lower fuel prices at the pumps starting Monday, June 16, 2025, following the government’s decision to postpone the implementation of the GH¢1 Energy Sector...

The International Monetary Fund (IMF) has indicated that Ghana’s sharp cedi appreciation against the US dollar in early 2025 could lead to a revision of key programme targets under the country’s Extended Credit Facility (ECF) arrangement. IMF Director of Communications Julie Kozack stated that future programme reviews will assess macroeconomic and financial conditions, including exchange...

Ghana’s cocoa industry has rebounded, recording 3.4% growth in the first quarter of 2025, marking a turnaround after six consecutive quarters of contraction, according to data released by the Ghana Statistical Service (GSS). The cocoa sector’s recovery contributed significantly to the agriculture industry, which expanded by 6.6% in Q1. The growth was driven by improved...

Minister of Foreign Affairs, Samule Okudzeto Ablakwa has said that on Wednesday June 11, he held productive and impactful talks with the distinguished Foreign Minister of China, His Excellency Wang Yi. He says China has offered 0% tariff on all exports from Ghana. Mr Ablakwa further indicated that China is Ghana’s number one trading partner,...

President John Dramani Mahama has confirmed that Ghana’s Tema and Takoradi ports will transition to 24-hour operations starting July 1, 2025, as part of his administration’s ambitious 24-hour economy initiative. Speaking at the 2025 Ghana Horticulture Expo, Mahama emphasized that the policy aims to boost national productivity, streamline logistics, and expand exports, ensuring Ghana’s competitiveness...