Business & Economy
July 14, 2025
Josiah
Josiah
Driver Unions Back New GH¢1 Fuel Levy, Urge Transparency and Road Safety Improvements
The Concerned Drivers Association of Ghana (CDAG) and the Ghana Private Road Transport Union (GPRTU) have endorsed the newly introduced GH¢1 fuel levy, calling it a necessary sacrifice for the country’s long-term development. In a statement signed by CDAG National Secretary Mohammed Aminu Usif, the unions acknowledged the short-term burden on drivers but expressed confidence […]
May 19, 2025
Josiah
Josiah
Abossey Okai Spare Parts Dealers Slash Prices as Cedi Strengthens
The Abossey Okai Spare Parts Dealers Association has announced a reduction in spare parts prices following the recent appreciation of the Ghanaian cedi against the US dollar. Chairman of the association, Henry Okyere Jnr, said the price cut is intended to ease the financial burden on customers and support the government’s broader efforts to stabilize […]
10min
1719
May 15, 2025
Josiah
Josiah
Trade Associations Agree to Cut Prices Within 60 Days If Cedi Stability Holds
The government and key trade associations have reached a consensus to reduce the prices of goods within the next 60 days—conditional on the continued strengthening of the Ghanaian cedi against major foreign currencies. The agreement was reached during a high-level meeting on Tuesday, May 14, between the Ministry of Trade, Agribusiness and Industry and representatives […]
10min
1575
May 15, 2025
Josiah
Josiah
Bank of Ghana Clarifies Foreign Exchange Withdrawal Rules
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) […]
13min
1793
May 7, 2025
Josiah
Josiah
Inflation rate eased to 21.2% in April 2025
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 […]
2min
1756
April 2, 2025
Josiah
Josiah
Prices of petrol goes up
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 […]
1min
2705
March 7, 2025
Josiah
Josiah
President Mahama met with a delegation from the World Bank
On his first day back in office, President John Mahama met with a delegation from the World Bank to discuss urgent measures aimed at stabilizing and rebuilding Ghana’s economy. Stressing the need for a “reset,” Mahama called for comprehensive reforms focused on economic stability, job creation, and poverty reduction. A key priority, according to Mahama, […]
2min
2228
March 4, 2025
Josiah
Josiah
Bank of Ghana (BoG) suspends the Gold-for-Oil initiative,
The Bank of Ghana (BoG) has suspended the Gold-for-Oil initiative, citing operational and policy challenges that resulted in financial losses. The program, designed to stabilize domestic fuel prices and reduce reliance on foreign exchange for fuel imports, has been temporarily halted as the Central Bank reassesses its economic strategies. In an interview with Bloomberg, BoG […]
2min
4002
February 13, 2025
Josiah
Josiah
Heritage Bank could have transformed Ghana’s banking industry -Alhaji Seidu Agongo
Alhaji Seidu Agongo, the majority shareholder of the now-defunct Heritage Bank, has expressed confidence that his bank could have transformed Ghana’s banking industry with unmatched competition. “Heritage Bank would have given the entire banking industry in Ghana competition they could never match. Have you visited any of our branches before? Our success was in the […]
4min
4771
January 28, 2025
Josiah
Josiah
Monetary Policy Rate at 27 percent.
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 […]
2min
3359
January 22, 2025
Josiah
Josiah
E-LEVY removal will help business operations
January 8, 2025
Josiah
Josiah
President John Mahama to meet stakeholders
December 30, 2024
Josiah
Josiah
9% oversubscription; interest rates hit 30% for T- bills
April 11, 2023
April 10, 2023
