The Bank of Ghana (BoG) has issued a statement reaffirming the existing regulations governing foreign exchange withdrawals, amid growing public interest in the matter. In a press release dated May 15, 2025, and signed by Secretary Sandra Thompson, the central bank clarified that over-the-counter (OTC) cash withdrawals in foreign currency from Foreign Exchange Accounts (FEA) […]

Ghana’s  marking its lowest level in eight months. The decline was driven in part by a stronger Ghanaian cedi, which helped reduce import-related price pressures. Both food and non-food inflation saw a slowdown. Food inflation dropped to 25.0% from 26.5% in March, while non-food inflation decreased to 17.9% from 18.7%. On a monthly basis, consumer […]

 The prices of petrol and diesel will go up slightly. According to the latest report, petrol will increase by 2%. This means the price for one liter of petrol will be GHC 15.20. Diesel will also rise by 1.1%, making the new price GHC 15.35 per liter. However, there is good news for people using […]

The Monetary Policy Committee (MPC) of the Bank of Ghana has decided to maintain the Policy Rate at 27 percent. The announcement was made by the Chairman of the MPC and Governor of the Bank of Ghana, Dr. Ernest Addison, during the 122nd MPC press conference held in Accra.   In his address, Dr. Addison […]

The Mobile Money Advocacy Group Ghana (MoMAG) is optimistic that the removal of the e-levy will significantly enhance their business operations. During his recent vetting, Minister-Designate for Finance, Dr. Cassiel Ato Forson, announced that the government’s first budget would eliminate the e-levy.   Speaking at the association’s new executive induction ceremony, MoMAG President Edward Ofori […]

The Federation of Associations of Ghanaian Exporters (FAGE) has extended its congratulations to President John Dramani Mahama on his election victory, commending his commitment to agricultural transformation and boosting export growth. FAGE acknowledged the pivotal role of President Mahama’s administration in advancing Ghana’s export sector and expressed optimism about the renewed opportunities for growth under […]