Ghana has signed a Bilateral Debt Restructuring Agreement with the Kingdom of Spain, marking yet another milestone in the country’s ongoing debt restructuring efforts. The agreement was signed on behalf of the Republic of Ghana by the Minister for Finance, Dr. Cassiel Ato Forson, while Spain was represented by its Ambassador to Ghana, H.E. Ángel...
Category: Business
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World Bank Upgrades Ghana’s 2025 Growth Outlook to 4.3%
The World Bank has revised Ghana’s 2025 economic growth forecast upward to 4.3 percent, from an earlier projection of 3.9 percent, reflecting renewed confidence in the country’s recovery path. The revision was announced in the October 2025 edition of Africa’s Pulse Report, released in Washington, D.C. The new forecast, however, remains just below the Government...
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GoldBod Taskforce Nabs American, Moroccan and Four Ghanaians Over Illegal Gold Trade
The Ghana Gold Board (GoldBod) Taskforce has arrested six individuals, including an American and a Moroccan national, for engaging in illegal gold trading without the requisite lincence. The suspects — Smart Philander, an American citizen; Nina Elfseky, a Moroccan; and four Ghanaians identified as Nana Yaw Sarpong Boateng, Sowa Elisha, Evans Arhin, and Arnold Otutey...
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Japan, Ghana Sign Grant Agreements Worth ¥3.5 Billion
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...
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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...