At the China-Ghana Business Forum in Shenzhen, China, on September 7, 2024, President Nana Addo Dankwa Akufo-Addo made a strong appeal for increased Chinese investment in Ghana. Addressing a group of Chinese business leaders, the President highlighted the enduring relationship between the two countries and outlined the vast investment opportunities available in Ghana across sectors […]

The Ghana Airports Company Limited (GACL) has warmly welcomed Virgin Atlantic’s decision to resume operations in Ghana starting in May 2025. Virgin Atlantic will become the 25th airline to operate out of Kotoka International Airport, with a daily flight schedule on a Boeing 787 Dreamliner.   The airline’s return highlights the confidence in Ghana’s aviation […]

Consumer inflation in Ghana has been on a downward trend for the past four months, with the year-over-year rate dropping to 20.9% in July. This marks a 2.1 percentage point decrease from June’s 23.0%, reflecting a gradual easing of the economic pressures that were more intense in 2023.   In July, food inflation stood at […]

Subscribers of mobile network operators, particularly those with Telecel Ghana, should prepare for a possible increase in the cost of voice and data services provided by the telecom company. In a notice to its customers, Telecel Ghana announced that these potential price changes would come into effect today, August 12, 2024. While the notice did […]

The International Monetary Fund (IMF) has revised Ghana’s growth rate forecast from 2.8% to 3.1% by the end of 2024. This adjustment is attributed to the reforms Ghana is implementing under the IMF programme, which significantly supports its economic recovery. The IMF also believes that if Ghana adheres to the programme’s conditions, the recovery could […]

According to the Chamber of Petroleum Consumers (COPEC), petroleum prices are expected to rise in the upcoming pricing window starting July 1, 2024. Executive Secretary Duncan Amoah attributed the anticipated price hike to the recent weakening of the cedi against the dollar, which has fallen by 1.89% to $1.2779. “There are indications that the retail […]

From reduced taxes to lower operational costs, dawn trading has become a crucial strategy for many, transforming Accra’s bustling markets into vital economic hubs long before sunrise. Conversations with traders and buyers involved in dawn transactions highlight the significant impact of early trading on local economies.   Alexander Obeng, who moved from Prestea in the […]

The Bank of Ghana (BOG) has defended its 2019 decision to revoke GN Bank’s license, asserting that the move was justified due to significant regulatory breaches. The Central Bank maintains that GN Bank failed to adhere to essential financial regulations and banking standards, jeopardizing its operational stability. Consequently, the Bank of Ghana has indicated that […]

Abena Osei-Asare, Minister of State, will lead Ghana’s delegation to the 2024 Africa Export-Import Bank (Afreximbank) Annual Meetings and the 3rd African-Caribbean Trade and Investment Forum (ACTIF2024) in Nassau, Bahamas, from June 12th to 15th, 2024.   The Annual General Meeting (AGM), themed “Owning Our Destiny: Economic Prosperity on the Platform of Global Africa,” will […]