BoG suspends forex trading license of UBA Ghana
The Bank of Ghana has announced that it has suspended the foreign exchange trading license of United Bank for Africa (UBA Ghana) effective September 18, 2025. The Bank of Ghana in a notice released earlier this evening, noted that the suspension is for a period of 1 month in accordance with section 11 (2 ) […]
COCOBOD disburses GH¢2bn as coupon payment of restructured cocoa bills
The Ghana Cocoa Board (COCOBOD) has disbursed GH¢2 billion in coupon payments to investors holding its restructured cocoa bills, now classified as bonds. The payments were made on Monday, September 1, 2025, marking a significant step in the institution’s ongoing efforts to rebuild market confidence The reclassification of cocoa bills into bonds followed the Domestic […]
Inflation drops to 11.5% in August, beating end-year target
Ghana’s headline inflation eased further to 11.5% in August 2025, down from 12.1% in July, the Ghana Statistical Service (GSS) has reported. This marks the eighth consecutive month of decline and brings inflation below the government’s end-of-year target of 11.9%, signaling stronger price stability. The August figure is the lowest recorded in almost four years. […]
No more dollar pricing for school fees, rent, airline tickets – BoG
The Bank of Ghana (BoG) has reminded the public that unlicensed or unauthorized foreign exchange transactions—including black market dealings, pricing, quoting, advertising, issuing receipts, and making or receiving payments in foreign currencies such as the US dollar—are strictly prohibited under the Foreign Exchange Act, 2006 (Act 723). In a statement signed by Ms. Aimee V. […]
BoG amends Forex rules, sets new limits for travellers and traders
The Bank of Ghana (BoG) has announced new amendments to its guidelines governing the importation and exportation of foreign currency as part of enhanced anti-money laundering measures. The notice, issued on Wednesday, August 27, 2025, under the Foreign Exchange Act, 2006 (Act 723), the Anti-Money Laundering Act, 2020 (Act 1044), and the Customs Act, 2015 […]
Gov’t to table revised GIPC Bill, 24-Hour Economy Authority framework in parliament
Government will soon lay before Parliament a revised Ghana Investment Promotion Centre (GIPC) Bill alongside a framework for establishing a 24-Hour Economy Authority, as part of efforts to boost investment inflows and expand economic activity. President John Dramani Mahama disclosed this at the Ghana–Singapore Business Dialogue, adding that he has directed the Attorney General and […]
Coca-Cola announces price rollback on 300ml beverage
The Coca-Cola Bottling Company of Ghana Limited (TCCBC) has announced a significant price rollback on its 300ml Coca-Cola beverage. This initiative is part of the company’s ongoing commitment to delivering value to consumers while refreshing Ghanaians every day. With this price adjustment, Coca-Cola is ensuring that more people can Share A Coke and enjoy the same great taste of their favourite beverage now at […]
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 […]