Category: Business

Governor of the Bank of Ghana, Dr. Johnson Asiama, has appealed to citizens to view the protection and stability of the cedi as a shared responsibility, stressing that no single institution can secure the currency on its own. He made the appeal at the Cedi @ 60 Conference in Accra, where policymakers, economists, and business...

 Jake Kudjo Samahar, Director of Special Services at COCOBOD, has disclosed that Ghana lost 7,128.13 tonnes of cocoa to smuggling between the 2020 and 2025 crop seasons in the Volta and Oti regions. He explained that cocoa output in these areas has seen a sharp decline over the years. “The tonnage recorded for 2020/21 crop...

Ghana’s renewed push for economic diplomacy has received a significant boost following a high-level meeting between Minister for Foreign Affairs, Samuel Okudzeto Ablakwa, and Sheikh Mansour bin Jabor bin Jassim Al Thani, Chairman of Al Mansour Holdings, during an official visit to Qatar. Sheikh Mansour, a prominent investment mogul and member of the Qatari royal...

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...

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...

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...

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...

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...

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,”...