Business Headline

Ghana's trade with the European Union (EU) showed promising trends in 2023, with exports to the EU rising by 8% to reach 2.6 billion euros, up from 2.4 billion euros the previous year.The data...

The Institute of Economic Affairs (IEA) is urging substantial revisions to the Bank of Ghana Act 2016, with a particular focus on extending the tenure of the Central Bank Governor.This move is aimed...

The largest cryptocurrency exchange platform globally, Binance, published findings from a Binance & Pulse Survey revealing that Ghana leads in cryptocurrency and blockchain adoption across Africa.The survey underscores Ghana's enthusiastic embrace of these technologies,...

Minister of State at the Finance Ministry, Abena Osei-Asare, expressed optimism in Ghana's economic rebound, attributing it to crucial structural reforms underway to uphold recent growth.The International Monetary Fund (IMF) has revised Ghana's growth...

Global trade trends showed improvement in the first quarter of 2024, with the value of goods trade rising approximately 1% quarter-over-quarter and services trade increasing by about 1.5%.This upturn, driven by favorable trade conditions...

A commodities broker, Marex Group, predicts that a recovery in cocoa production among the world's largest growers will bring an end to the massive bean shortage that drove prices to record highs this year.The...

The Bank of Ghana (BoG) has refused to disclose the total cost of its new head office building to Bawku Central MP, Mahama Ayariga.In response to Mr. Ayariga’s inquiry for comprehensive financial details about...

The dispute concerning cement price regulation is intensifying as manufacturers contemplate requesting intervention from the Economic Management Team (EMT).President of the Cement Manufacturers Association, Dr. Dawson Amoah, announced that this course of action would...

The recent hike in cement prices has sparked widespread concerns, particularly among construction professionals like Yaw Poku, a seasoned contractor specializing in commercial properties.With over two decades in the industry, Yaw fears that...

Ahead of Ghana's 2024 major mango season, the government has established a minimum purchase price of GH¢4 per kilogram.This decision, aimed at supporting mango farmers, follows a collaborative effort led by the Tree Crop...

The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has announced plans for the recapitalization of the central bank, aimed at bolstering its credibility amidst ongoing financial challenges and structural reforms.Dr....

The Ghana Plastic Manufacturers Association have announced plans to embark on a protest against the implementation of a five percent excise tax on locally manufactured plastic products on Wednesday, July 10.According to a...

The International Monetary Fund (IMF) has expressed concerns about potential risks posed by Ghana's upcoming general elections in December 2024, which could impact the gains achieved under its program with the country. The IMF...

Dr. Ernest Addison, the Governor of the Bank of Ghana (BoG), has announced that the Central Bank has amassed foreign exchange reserves amounting to $907 million as of June 27, 2024.This revelation underscores...

The Ghana Standards Authority (GSA) is set to shut down certain cement manufacturing companies producing low-quality products.This initiative aims to tackle substandard cement production nationwide and safeguard consumers, aligning with the Ghana Standards Authority...

Director-General of the Ghana Atomic Energy Commission (GAEC), has urged institutes within the Commission to seek grant opportunities to enhance their research and projects.“Let us all think outside the box and collaborate where necessary...

In its first four months, the Bono East Regional Office of the Public Utilities Regulatory Commission (PURC) has recovered GHS 123,927.86 for the Northern Electricity Distribution Company (NEDCo). Notably, Bui Sugar Limited at Banda...

The Office of the Registrar of Companies (ORC) has stressed that business registration is not permanent and requires periodic renewal.Registrar of Companies Jemima Mamaa Oware, in a meeting with market associations in Greater...

Asantehene Otumfuo Osei Tutu II has called on the government to allocate more resources to revitalize the Ghana Publishing Company Limited.During a meeting with board members at the Manhyia Palace, he emphasized the...

The People’s National Party (PNP) has praised the Minister for Trade and Industry, K.T. Hammond, for proposing a bill in Parliament aimed at regulating cement prices.In a statement issued by National Chairman and Leader...

Ghana has obtained approval from the International Monetary Fund (IMF) Board for the second review of the IMF-supported Program for Economic Growth (PC-PEG) post-COVID-19.This approval enables the immediate disbursement of SDR 269.1 million (approximately...

Producers of cement in Ghana attribute the rising prices of cement to the depreciation of the Cedi.Executive Secretary of the Cement Manufacturers Association of Ghana (CMAG), Rev. Dr. George Dawson-Ahmoah expressed on TV3’s...

Cement manufacturers in Ghana are said to have announced plans to raise prices, marking the second increase this year.Dr. Stephen Debrah-Ablormeti, former Vice Chair of the Ghana Real Estate Developers Association, revealed that...

The Ghana Financial Inclusion Conference convened fintech industry leaders and regulators who acknowledged the nation's advancements in financial inclusion.Eva Mends, Chief Director at the Ministry of Finance, underscored that financial inclusion is a global...

The Chamber for Petroleum Consumers (COPEC) has forecasted an increase in fuel prices for the first pricing window of July 2024.According to COPEC, consumers should anticipate higher costs at the pumps for petrol,...

The Ghana Financial Inclusion Conference brought together leaders from the fintech industry and regulatory bodies, recognizing the country's progress in bolstering financial inclusion.Eva Mends, Chief Director at the Ministry of Finance, underscored financial inclusion...

The informal sector remains dominant in Ghana's labor market, employing a substantial 75% of the workforce. However, these jobs are often unstable and low-paying, contributing significantly to widespread underemployment.The 2023 Ghana Human Development Report,...

Consumers nationwide may soon face reduced availability of essential plastic-packaged commodities, such as bottled and sachet water.This impending shortage stems from the Ghana Plastic Manufacturers Association (GPMA), which represents local industry players.They have...

The Supreme Court has unanimously overturned the Court of Appeal's decision, affirming the High Court's ruling in the case of The Republic Versus the Bank of Ghana (BoG), Ex Parte Hoda Holdings Limited.This...

Ghana has achieved the second position in Africa for remittance flows in 2023, according to the World Bank's 2024 Migration and Development report.The country received an impressive USD 4.6 billion in remittances, highlighting the...

Nigeria's Treasury Bills (T-Bills) debt has soared to N10.4 trillion, marking a 60% increase in just three months, according to the Debt Management Office (DMO) data.This sets a new record for Nigeria's highest T-Bills...

The Bank of Ghana (BoG) has raised the maximum advance payment for the importation of goods and services to $200,000.This change is part of the Central Bank's amendment to the rules governing advance...

The Chamber of Bulk Oil Distributors (CBOD) has acknowledged the receipt of a letter from the Ministry of Energy, which was addressed to the Ghana Revenue Authority (GRA), regarding a new standard for measurements...

In the latest Container Port Performance Index (CPPI) 2023, Ghana's primary ports, Tema and Takoradi, have shown concerning standings, with Tema Port ranked 376th out of 405 ports globally, and Takoradi Port ranked 274th....

Executive Secretary of the Cement Manufacturers Association of Ghana (CMAG) is taken aback by the move by the Trade Ministry to introduce a Legislative Instrument (L.I) to regulate the price of cement products.Rev. Dr....

Eurobond holders are anticipated to waive approximately $4.7 billion owed to them by the government.This forms part of the agreement reached with the bondholders to restructure a $13.1 billion debt.The term sheet outlining the...

Last week witnessed a deceleration in the depreciation of the Ghana cedi against the US dollar, with a loss of 0.96% recorded in its value against the American currency.However, trading commenced yesterday, June 24,...

The Sunyani Area of the Northern Electricity Distribution Company (NEDCo) has launched phase five of its Revenue Mobilization Exercise to recover outstanding debts totaling approximately Gh¢300 million from customers.Beginning on Monday, June 24, 2024,...

Fitch Solutions has revised its projection for Ghana’s real Gross Domestic Product (GDP) growth for 2024, increasing it from the previous estimate of 3.8% to 4.3%.The adjustment reflects stronger than anticipated economic activities...

Research scientist at the Ghana Atomic Energy Commission's Biotechnology and Nuclear Agriculture Research Institute, Dr. Daniel Osei-Ofosu, highlighted the potential for Ghana to achieve food sovereignty by integrating biotechnology into local food production.He...

The Energy Minister, Matthew Opoku Prempeh, and the Chief Executive of the Chamber of Bulk Oil Distributors have raised concerns about the resumption of work by Strategic Mobilisation Limited (SML) in monitoring operations in...

The Global Chairman of Groupe Nduom and former owner of GN Bank, Dr. Paa Kwesi Nduom, has fervently urged the Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, to review fresh evidence...

The Youth Employment Agency (YEA) has initiated the Business and Employment Assistance Programme (BEAP) with an initial rollout supporting 1,452 businesses, aiming to strengthen Ghana’s economic recovery in the wake of the COVID-19 pandemic....

The Ghana Stock Exchange (GSE) has introduced Over-The-Counter Market trading tailored for rural banks and small and medium enterprises (SMEs), marking a significant stride towards enhancing financial inclusion nationwide.This new initiative establishes a platform...

The Head of the Excise Unit at the Ghana Revenue Authority (GRA), Kwabena Apau Awua Anto, has emphasized the forthcoming rigorous enforcement of the Excise Duty law, which mandates manufacturers of excisable goods to...

Agriculture plays a significant role in climate change through methane emissions from livestock digestion, nitrous oxide emissions from fertilizer use, and changes in land use such as deforestation for agricultural and urban expansion.These...

The World Bank has downgraded Ghana’s Audit Service performance rating from a “C” to a “D”, citing deficiencies in its independence according to global standards.This change follows the assessment of the Supreme Audit...

The Ghana Revenue Authority (GRA) is set to rigorously enforce the Excise Duty law, mandating manufacturers of excisable goods to issue bonds or securities.This development was revealed by Kwabena Apau Awua Anto, Head...

Ghana has experienced a decline in its ranking on the World Bank's Supreme Audit Institutions Independence (SAIs) Index for the year 2023, scoring a D (6.5) compared to its previous score of C (8.0-8.5)...

The Ghana Revenue Authority (GRA) has announced that Strategic Mobilisation Limited (SML) will resume its monitoring operations of the Downstream Petroleum sector starting June 14, 2024.This directive follows President Akufo-Addo’s instructions based on...