Author: Hilda Bedu

OTC cash withdrawals in foreign currency are allowed – BoG

The Bank of Ghana has given clarification over whether the Over-the-Counter Cash Withdrawals in Foreign Currency from Foreign Exchange Accounts (FEA) and Foreign Currency Account FCA are allowed. This was captured in statement issued by the Central Bank. According to the statement, OTC cash withdrawal in FEA and FCA is allowed. This is in line […]

MEETING WITH GIPC CEO,MR SIMON MADJIE

On Friday, March 14, the Spanish Ambassador, H.E Angel Lossada, the Counselor of the Embassy’s Economic and Commercial Office, Mr Yann Emonet, the CEO of the Ghana Investment Promotion Centre, Mr Simon Madjie, and the President of the Spain-Ghana Chamber of Commerce, Mr Joaquín Roura had a lunch meeting at the Spanish Embassy in Ghana. […]

Dangote Ventures Into Ghana With $162 Million Sugar Refinery to Boost Local Industry

Dangote Ventures Into Ghana With $162 Million Sugar Refinery to Boost Local Industry Africa’s richest man, Aliko Dangote, is expanding his agro-industrial empire into Ghana with the launch of a massive sugar refinery project in Kwame-Danso, Bono East Region. This will enable the country to drastically reduce its sugar import costs and promote local industrial […]

Transport Minister inaugurates 10 member Task Force to establish new national airline

The Minister of Transport, Joseph Bukari Nikpe has charged a 10 member task force mandated to oversee the establishment of a new national airline to develop an operational framework aimed at ensuring its sustainability. The Task Force, which is chaired by a former Managing Director of the Ghana Airport Company Limited, Charles Asare is also […]

AfCFTA reaches 92% consensus on trade rules

The African Continental Free Trade Area (AfCFTA) has agreed on rules of origin for 92 percent of traded products, a major milestone in enhancing cross-border business. This means most goods moving between African nations will now have clear guidelines on tariffs and origin requirements. Cynthia Gnassingbe-Essonam, Senior Advisor to the Secretary General-AfCFTA Secretariat, said this […]

AfCFTA benefits not automatic, businesses must make adequate effort – Yamani Selana

Businesses seeking to capitalise on the opportunities presented by the African Continental Free Trade Area (AfCFTA) have been advised that success under the agreement will require deliberate and strategic efforts. Speaking during a webinar organised by LIMA Partners on Friday, April 25, 2025, Yamani Selana, an international trade expert and Director of Indirect Tax and […]

Monetary Tightening Continues as BoG Raises Over GHS 3.3Bn in Bill Auction

The Bank of Ghana has raised GHS 3.34 billion through the issuance of short-term BoG Bills, as part of its liquidity management strategy under Open Market Operations. The auction, conducted on Thursday, April 30, 2025, saw the central bank issue 56-day bills at a yield of 27.9 per cent—slightly below the prevailing monetary policy rate […]