Category: Business

 Chief Executive Officer of GoldBod, Sammy Gyamfi, has announced that he will formally respond on January 5, 2026 to issues surrounding the International Monetary Fund’s (IMF) reported loss of $214 million under the Bank of Ghana’s Gold for Reserves (G4R) program. In a Facebook post, Gyamfi criticized the Minority Caucus for what he described as...

The Ghana Water Limited (GWL) has raised alarm over persistent challenges that continue to undermine reliable water supply across the country, pointing to poor revenue mobilisation and widespread illegal connections as major setbacks. According to the company, many consumers have failed to pay their water bills, while water theft through illegal connections is depriving GWL...

The Tema Oil Refinery (TOR) has assured Ghanaians and industry experts that firm structures have been put in place to guarantee a steady supply of crude oil, addressing one of the key challenges that previously stalled the refinery’s operations. Speaking on JoyNews, Corporate Affairs Officer of TOR, Godwin Mahama, said structured Memoranda of Understanding (MOUs)...

The government recorded a 19 percent oversubscription of treasury bills for the fifth week in a row, according to auction results released by the Bank of Ghana. The auction target was set at GH¢3.3 billion, but bids totaled GH¢3.95 billion, representing a 19.69 percent oversubscription. Of this, the government accepted GH¢3.89 billion. Breakdown of bids...

The Government of Ghana and the African Export-Import Bank (Afreximbank) have jointly announced the successful resolution of all outstanding issues related to a US$750 million facility signed in 2022. In a statement issued on December 25, 2025, the Ministry of Finance confirmed that both parties had reached a satisfactory agreement, paving the way for continued...

The Bank of Ghana has announced a series of reforms to improve pricing and operational efficiency in the downstream segment of its Domestic Gold Purchase Programme (DGPP), beginning January 2026. The reforms, approved by the Bank’s Board, aim to reduce intermediation fees, enhance cost-efficiency, and ensure competitive yet economically sound gold buying prices. According to...

The International Monetary Fund (IMF) has assessed Ghana’s performance under its bailout programme as generally satisfactory, even though the country has experienced some setbacks in executing complex structural reforms. In its most recent Staff Report on Ghana, the Bretton Woods institution confirmed that all quantitative performance benchmarks and indicative targets for the fifth review were...

The Ghana Gold Board has announced that it has surpassed its 2025 small-scale gold export target, achieving a record-breaking milestone for the country’s mining sector. The Board confirmed that exports from licensed small-scale miners exceeded 100 tons this year, generating more than $10 billion in foreign exchange earnings for Ghana. Officials described the achievement as...

The Bank of Ghana (BoG) has announced a sweeping reform of the country’s microfinance and specialised deposit-taking sector, aimed at restoring confidence, strengthening supervision and expanding access to financial services, particularly for vulnerable and underserved communities. Governor of the Bank of Ghana, Dr. Johnson Pandit Asiamah, outlined the reform agenda during the 2025 Governor’s Day...

Ghana’s unemployment rate eased marginally to 13.0% in the third quarter of 2025, reflecting modest labour market improvements that remain inadequate to absorb the expanding workforce, particularly among the youth. Figures from the Quarterly Labour Force Survey covering the first three quarters of 2025 indicate that unemployment fell from 13.1% in the final quarter of...