Ghana Reference Rate for November increases marginally to 17.93%
The Ghana Reference Rate (GRR), a key benchmark for determining interest rates by commercial banks, has gone up slightly for November 2025. Data from the Ghana Association of Banks shows the rate increased from 17.86% in October to 17.93% in November 2025. Sources close to the Association told JoyBusiness that the rise was influenced by marginal increases […]
GRA targets eight million new taxpayers to boost domestic revenue
The Ghana Revenue Authority (GRA) is embarking on an ambitious plan to bring eight million new taxpayers into the national tax net as part of a major drive to widen the country’s revenue base and strengthen domestic mobilisation efforts The initiative aims to expand Ghana’s current taxpayer population estimated at 19 million through two flagship […]
FABAG: Escalating crisis of smuggling is causing Ghana to lose billions of cedis
The Food and Beverages Association of Ghana (FABAG) has issued an urgent public appeal to the government, warning that the escalating crisis of smuggling across Ghana’s borders is causing the nation to lose billions of cedis in revenue each month. In a strongly worded statement, FABAG drew attention to the “alarming levels” of illicit trade, […]
SSNIT seeks partnership to revamp some hotel investments
The Social Security and National Insurance Trust (SSNIT) is seeking a partnership to revamp its hotel investments in Elmina and some parts of the country. This partnership is to support a turnaround of these investments without necessarily outright sales. The Director General of SSNIT, Kwesi Afreh Biney disclosed this to Journalists after an engagement as […]
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 […]