Category: Business

The Institute for Economic and Research Policy Promotion (IERPP) asserts that it feels justified by the International Monetary Fund’s recent remarks warning the government about its approach to managing the Cedi’s value. In the IMF’s fourth assessment under Ghana’s Extended Credit Facility program, the organization criticized the government’s ongoing strategy of injecting foreign currency into...

Ghana’s gold reserves have climbed to 32.99 tonnes as of June 2025, signaling ongoing progress in the Bank of Ghana’s mission to enhance economic resilience and broaden the composition of its foreign assets. Recent figures from the central bank show notable increases, rising from 31.37 tonnes in April and 32.16 tonnes in May. Compared to...

Ghana is making a decisive move to position itself as a regional hub for agricultural machinery production, as part of its broader agenda to modernize agriculture and reduce reliance on imported equipment. Minister for Food and Agriculture, Hon. Eric Opoku, is leading the charge, using his working visit to Turkey to court leading tractor manufacturer...

 The Executive Board of the International Monetary Fund (IMF) has officially scheduled July 7, 2025, for the consideration of Ghana’s 4th programme review under the ongoing Extended Credit Facility.. According to sources within JoyBusiness, the board is poised to approve Ghana’s performance under the programme, a decision that will trigger the release of approximately US$370...

The Minority in Parliament has announced plans to summon the management of the Public Utilities Regulatory Commission (PURC) to justify the recently announced 2.45% increase in electricity tariffs, set to take effect from July 1, 2025. According to the Minority, the increment is unjustified given that key economic indicators—such as gas prices, the exchange rate,...

Ahmed Ibrahim, the Minister for Local Government, Chieftaincy and Religious Affairs, says the Ministry intends to pilot 24-Hour Economy market centres in the respective Metropolises, Municipalities and Districts to boost the local economy. He said the Ministry would collaborate with Regional Coordinating Councils (RCCs), Metropolitan, Municipal and District Assemblies (MMDAs) to pilot the market centres...

The Public Utilities Regulatory Commission (PURC) has announced a 2.45% increase in electricity tariffs across all customer categories, effective 1st July 2025, as part of its quarterly review mechanism. he tariff adjustment, which applies to residential, non-residential, and special load tariff (SLT) customers, is based on a detailed analysis of macroeconomic and operational factors, including...

 Government is set to launch the pilot phase of its flagship poultry initiative, Nkoko Nkitinkiti, next month in the Northern Region. The project aims to reduce Ghana’s dependence on imported poultry products—especially chicken and eggs—and create sustainable employment opportunities for young people. Twelve districts in the Northern Region have been selected for the pilot rollout....

The Managing Director (MD) of Tema Oil Refinery (TOR) Edmund Kombat has disclosed that the Oil Refinery will commence operations in October 2025. Edmund Kombat made the disclosure when appeared before the Parliamentary Committee on Energy together with other officials of TOR to brief the Committee on their mandate, work plans for the year 2025...

The National Petroleum Authority (NPA) has briefed the Energy Committee of Parliament on their operations and planned activities for 2025. The Chairman of the Committee and MP for Ho West stated that,this engagement forms part of the Committee’s oversight responsibility on the downstream petroleum regulator under the Ministry of Energy and Green Transition. He added...