BoG confident Inflation will drop further by year-end as Cedi strengthens
The Bank of Ghana (BoG) says it expects inflation to decline even further by the end of 2025, following months of sustained disinflation supported by a stronger cedi and disciplined policy management. Governor, Dr. Johnson Asiama, speaking at the launch of the Cedi@60 celebrations in Accra said headline inflation has dropped sharply to 9.4% as […]
Ghana Association of Banks clarifies role in import declaration form process
The Ghana Association of Banks (GAB) has clarified that commercial banks in the country do not generate or issue Import Declaration Forms (IDFs). The explanation follows recent media reports suggesting irregularities in the process. In a statement, the Association said the IDF is a Customs document created and managed by the Ghana Revenue Authority (GRA) […]
Deputy Finance Minister rallies support for newly launched Ghana’s infrastructure Plan
Deputy Minister for Finance, Thomas Nyarko Ampem, has called on all stakeholders to rally behind the newly launched Ghana Infrastructure Plan (GIP), describing it as a defining step toward building a modern, connected, and resilient nation. Speaking at the launch of the infrastructure plan in Mr. Nyarko Ampem reaffirmed government’s commitment to ensuring that the […]
AfCFTA: Africa loses $5bn annually in foreign exchange transactions
The African Continental Free Trade Area (AfCFTA) Secretariat has revealed that Africa loses about $5 billion annually through foreign exchange transactions, a situation that continues to raise the cost of doing business across the continent. According to the Secretariat, the losses have become a major barrier to Africa’s economic growth and competitiveness. Speaking at the […]
NATIONAL DAY OF SPAIN 2025
On Friday, October 10, 2025, the Embassy of Spain in Ghana hosted a reception to commemorate the National Day of Spain. The event was in partnership with the Spain-Ghana Chamber of Commerce and supported by member companies, Coca-Cola, Miniplast, Greenviews, GB Foods, Maxam, Bentsi-Enchill, Letsa & Ankomah, Wagcol and Comet Ghana. The reception was attended by […]
CEO’S BREAKFAST MEETING
On September 12, 2025, we organised a working breakfast meeting hosted by H.E. Angel Lossada, the Ambassador of Spain, in collaboration with the Economic and Commercial Office of the Embassy. The exclusive event was held under the theme “Evaluating the current economic situation in Ghana and the possibilities for Spanish businesses and members of the […]
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. […]