Category: Business

Ghana’s cocoa industry has rebounded, recording 3.4% growth in the first quarter of 2025, marking a turnaround after six consecutive quarters of contraction, according to data released by the Ghana Statistical Service (GSS). The cocoa sector’s recovery contributed significantly to the agriculture industry, which expanded by 6.6% in Q1. The growth was driven by improved...

Minister of Foreign Affairs, Samule Okudzeto Ablakwa has said that on Wednesday June 11, he held productive and impactful talks with the distinguished Foreign Minister of China, His Excellency Wang Yi. He says China has offered 0% tariff on all exports from Ghana. Mr Ablakwa further indicated that China is Ghana’s number one trading partner,...

President John Dramani Mahama has confirmed that Ghana’s Tema and Takoradi ports will transition to 24-hour operations starting July 1, 2025, as part of his administration’s ambitious 24-hour economy initiative. Speaking at the 2025 Ghana Horticulture Expo, Mahama emphasized that the policy aims to boost national productivity, streamline logistics, and expand exports, ensuring Ghana’s competitiveness...

Chief Executive Officer of the National Petroleum Authority (NPA), Godwin Edudzi Tameklo, has welcomed the postponement of the GH₵1 fuel levy by the Ghana Revenue Authority (GRA), describing it as a necessary step to prevent disruptions in the petroleum sector. Following a closed-door meeting with the Chamber of Oil Marketing Companies (COMAC), the GRA announced...

The Ghana Revenue Authority (GRA) has officially postponed the rollout of the Energy Sector Shortfall and Debt Repayment Levy, shifting the implementation date from June 9 to June 16, 2025. The decision follows strong opposition from the Chamber of Oil Marketing Companies (COMAC), which warned that the GH₵1-per-litre levy could significantly increase fuel prices and...

CUTS International, a prominent public policy think tank and consumer protection advocate, has called on the Government of Ghana to take decisive action against commercial drivers who refuse to implement the recently announced 15 percent reduction in transport fares. The organization is urging the government to empower Metropolitan, Municipal, and District Assemblies (MMDAs) to deregister...

Ghana’s gold industry has experienced a dramatic surge in export earnings, reaching $5.2 billion within the first four months of 2025, according to new data from the Bank of Ghana (BoG). This marks a 76.4% increase compared to the same period in 2024, signaling strong growth in the country’s mining sector. The rise in earnings...

Ghana’s mobile money sector has reached a new milestone, with total transactions hitting GHC365 billion in April 2025, according to the latest data from the Bank of Ghana. This marks a 3.8% increase from the GHC351.7 billion recorded in March, making it the highest monthly transaction value so far this year The number of mobile...

Renowned financial economist, Prof Lord Mensah, has cautioned that the recent appreciation of the Ghanaian cedi may be short-lived if not supported by concrete growth in the country’s real economic sectors. Speaking on JoyNews’ The Pulse Show, Prof Mensah acknowledged the cedi’s strengthening against the US dollar in recent weeks but stressed that the trend...

The Ghana Gold Board (GoldBod) has officially extended the deadline for transitioning to its new gold trading license regime from May 21 to June 21, 2025. The decision follows petitions from stakeholders, allowing gold traders more time to comply with the new licensing requirements. GoldBod clarified that individuals and businesses holding licenses issued by the...