Category: Business

 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...

Minister for Food and Agriculture, Eric Opoku, says the upcoming launch of the ‘’Nkɔkɔ Nketenkete feed’’ brand signals a new era in agribusiness, particularly in efforts to boost domestic poultry production. During a working visit to the construction site of a state-of-the-art poultry feed factory by A2 Company in Kumasi, the Minister praised the bold...

The Bank of Ghana (BoG) stands ready to take prudent and pre-emptive measures to preserve Ghana’s economic stability and protect the progress against the impact of the Israel and Iran war, Governor of the Bank of Ghana, Dr Johnson Asiama, has said. Dr Asiama said that Ghana’s foreign reserve position, inflation trajectory, and fiscal adjustment...

Fitch Ratings has upgraded Ghana’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B-‘ from ‘Restricted Default’ (RD). The Outlook is Stable. A full list of rating actions is at the end of this rating action commentary. Key Rating Drivers Relations with Commercial Creditors Normalised: The upgrade of Ghana’s Long-Term Foreign-Currency IDR to ‘B-‘ from ‘RD’ reflects Fitch’s assessment that...

Finance Minister Dr Cassiel Ato Forson has assured Ghanaians that the Mahama administration is unwavering in its resolve to fully revive the economy and deliver lasting relief and shared prosperity. He said this while reacting to the upgrade of Ghana’s economy by Fitch Ratings. “I assure you—this is only the beginning. We are unwavering in...

Consumers can expect lower fuel prices at the pumps starting Monday, June 16, 2025, following the government’s decision to postpone the implementation of the GH¢1 Energy Sector Levy. Consumers can expect lower fuel prices at the pumps starting Monday, June 16, 2025, following the government’s decision to postpone the implementation of the GH¢1 Energy Sector...

The International Monetary Fund (IMF) has indicated that Ghana’s sharp cedi appreciation against the US dollar in early 2025 could lead to a revision of key programme targets under the country’s Extended Credit Facility (ECF) arrangement. IMF Director of Communications Julie Kozack stated that future programme reviews will assess macroeconomic and financial conditions, including exchange...