Some Oil Marketing Companies (OMCs) have announced upward adjustments in pump prices for the first pricing window of October 2025, with diesel recording the most significant change. On October 2, Shell increased the price of diesel from GH¢13.89 to GH¢14.18 per litre, while keeping petrol unchanged at GH¢13.44 per litre. Other OMCs are expected to […]

Ghana and the United Kingdom are exploring new opportunities to strengthen bilateral trade, following a high-level meeting between Ghana’s Deputy Minister for Trade, Agribusiness & Industry, Sampson Ahi, and UK Trade Commissioner for Africa, John Humphrey. The meeting, held on the sidelines of the UK-Ghana Investment Forum in Accra, focused on enhancing trade cooperation, attracting […]

Ghanaians will pay more for fuel this week after prices at the pump went up again. Petrol is now selling at GH¢13.38 per litre, up from GH¢12.99, while diesel has increased to GH¢14.20 per litre, from GH¢13.90. The adjustment was first introduced by GOIL, the country’s second-largest Oil Marketing Company (OMC), breaking a week-long price […]

Fitch Ratings has upgraded Ghana’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B-‘ from ‘Restricted Default’ (RD). The Outlook is Stable. The upgrade of Ghana’s Long-Term Foreign-Currency IDR to ‘B-‘ from ‘RD’ reflects Fitch’s assessment that Ghana has normalised relations with a significant majority of external commercial creditors. Ghana restructured its USD13.1 billon Eurobonds in October […]

The Chamber of Oil Marketing Companies (COMAC) has expressed serious concerns over the government’s decision to introduce a new GHS1 per litre Energy Sector Levy on petroleum products. According to COMAC, the levy poses a greater financial threat to local fuel retailers than recent global crude oil price increases. In response to the Chamber’s concerns, […]

Transport fares across the country will be reduced by 15% beginning Saturday, May 24, 2025. The move follows an agreement between transport unions and the Ministry of Transport, prompted by the strengthening of the Ghanaian cedi and a notable decline in fuel prices. The decision comes as operational costs for commercial drivers ease, thanks to […]