Business & Economy
June 17, 2025
Josiah
Josiah
Fitch Ratings has upgraded Ghana’s to ‘B-‘
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 […]
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
1248
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
733
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
1461
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
2395
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
1936
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
3656
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
4424
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
2958
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
3106
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
November 25, 2024
Josiah
Josiah
24-hour ultimatum to the government
November 30, 2022
November 30, 2022
