Cedi stability backed by organic, non-debt creating reserves – BoG First Deputy Governor
The First Deputy Governor of the Bank of Ghana (BoG), Dr. Zakari Mumuni, says the recent rally of the cedi is not due to artificial support by the central bank, but rather a result of strong, non-debt-creating reserves. He said the central bank has found a strategic way of meeting market demand without drawing down […]
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 […]
‘We are not selling ECG’ – John Jinapor dispels privatisation fears, explains concession model
The Energy Minister has rejected claims that government is selling the Electricity Company of Ghana (ECG), saying Cabinet has instead chosen a concession model to bring in private sector efficiency without giving up state ownership. “We are not selling ECG, and let me put this on record,” John Abdulai Jinapor said on PM Express on Joy News […]
We are committed to assisting Ghana and other countries hit by global tariff war — IMF MD
IMF Managing Director Kristalina Georgieva has assured that the Fund is ready to assist Ghana and other countries affected by the ongoing global tariff war. Speaking during the launch of the Global Policy Agenda at the IMF/World Bank Spring Meetings in Washington DC, Georgieva said the IMF has the tools and resources to respond when […]
Investor Confidence in Ghana’s Economic Reforms Soars Amid Washington Engagement
Ghana’s economic management is regaining global investor confidence, following a high-level dialogue in Washington, D.C., led by the country’s Finance Minister, Dr Cassiel Ato Forson. The engagement, held on the sidelines of the IMF-World Bank Spring Meetings, signalled strong endorsement for the government’s ongoing fiscal reforms and macroeconomic stabilisation agenda. In his address to investors, […]
Headline Inflation Rate to Hit 17.2% in 2025 – World Bank Projects
Ghana’s inflation rate is projected to reach 17.2% in 2025, according to the World Bank’s latest Africa Pulse report, underscoring persistent price pressures even as the broader Sub-Saharan region sees a moderation in inflationary trends. The projection exceeds the 15% inflation ceiling agreed under Ghana’s International Monetary Fund (IMF) programme, suggesting continued challenges in reining […]