World Bank warns COCOBOD’s mounting debts threaten Ghana’s cocoa sector
The World Bank’s latest Ghana Economic Update has raised concerns over the financial stability of the Ghana Cocoa Board (COCOBOD), warning that persistent operational and fiscal challenges could undermine one of the country’s most vital export industries. According to the report, despite record-high global cocoa prices, Ghana’s cocoa production remains weak, while COCOBOD owes significant […]
Prices of petrol and LPG to go up; Diesel to fall from August 16
The prices of petrol and Liquefied Petroleum Gas (LPG) are expected to go up marginally from August 16, 2025. However, that of diesel is expected to go down from this weekend. This is based on the outlook report that guides the pricing of the Oil Marketing Companies (OMCs) in the country, by the Chamber of […]
Ghana’s economy resilient but faces fiscal and structural hurdles – World Bank
Ghana’s economy showed strong resilience in 2024, recording 5.7% growth despite global and domestic challenges, according to the World Bank’s 9th Economic Update titled Addressing Labour Market Challenges and Opportunities in Ghana’s Economic Landscape. Growth continued in the first quarter of 2025 at 5.3%, supported by progress in debt restructuring, easing inflation, strong reserves, and robust […]