Category: Business

The Civil Society Organizations (CSOs) is urging the government to introduce stronger policy measures to stabilize the Ghanaian cedi and to include a sunset clause in the proposed Energy Sector Levy (Amendment) Bill, 2025. Abdul Karim Mohammed, a representative of the Economic Governance Platform, emphasized the importance of making the levy time-bound to enhance transparency...

The Bank of Ghana (BoG) has allayed mounting fears within the business community over reported difficulties in accessing foreign exchange, particularly through commercial banks. This assurance follows growing concerns raised by members of the Ghana Union of Traders’ Association (GUTA), who say limited access to forex is hampering their ability to carry out critical international...

The Ministry of Energy and Green Transition has announced a major breakthrough in Ghana’s energy sector following the successful upgrade of ENI’s gas infrastructure, which has increased daily gas supply from 245 million to 270 million standard cubic feet. The Ministry described the development as a “significant milestone” in the country’s quest for energy security,...

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...