Business & Economy
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 […]
April 2, 2025
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Josiah
Prices of petrol goes up
March 7, 2025
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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
1402
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
2384
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
3113
January 28, 2025
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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
2410
January 22, 2025
Josiah
Josiah
E-LEVY removal will help business operations
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 […]
2min
2528
January 16, 2025
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Josiah
FAGE extends its congratulations to President John Dramani Mahama
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 […]
2min
3078
January 8, 2025
Josiah
Josiah
President John Mahama to meet stakeholders
The Member of Parliament for Yapei-Kusawgu and former Deputy Energy Minister, John Abdulai Jinapor, has announced that President John Mahama has instructed the Chief of Staff to convene an emergency meeting with key stakeholders in the power sector to address an impending energy crisis. His Excellency the President directed the Chief of Staff to chair […]
3min
3602
December 30, 2024
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Josiah
9% oversubscription; interest rates hit 30% for T- bills
The government successfully achieved an oversubscription of approximately 9.0% in its treasury bills sale, just a week after experiencing a slight undersubscription. The total amount raised was GH¢4.65 billion, surpassing the target of GH¢4.262 billion. All bids submitted for the short-term instruments were accepted. The majority of the bids came from the 91-day bill, which […]
1min
3739
November 25, 2024
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Josiah
24-hour ultimatum to the government
Aggrieved customers of the defunct gold dealership firm, Menzgold Ghana Limited, have issued a 24-hour ultimatum to the government, demanding a bailout of GH¢2 million from their locked-up funds to ease their financial distress. Speaking at a press conference in Accra, the customers warned that failure to meet their demands would result in a collective […]
2min
4580
November 21, 2024
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Josiah
The Bank Square Commissioned
November 15, 2024
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Josiah
Fuel Prices expected to drop – COPEC
October 17, 2024
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Josiah
Sunon Asogli Power Ltd announces shutdown
September 25, 2024
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Josiah
logistics and trade sectors ready to stage a protest
March 20, 2023
