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Categories Business

Bank of Ghana records GH¢9.49 billion operating loss in 2024 regardless equity improvement

  • June 5, 2025
  • Estimated read time 2 min read

The Bank of Ghana (BoG) has posted an operating financial loss of GH¢9.49 billion for the 2024 financial year, an essential but reduced deficit compared to the GH¢13.23 billion loss restated for…

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Categories Business

Transport operators threaten nationwide strike over new fuel levy

  • June 5, 2025
  • Estimated read time 2 min read

Ghana’s commercial transport operators have warned that they will begin a nationwide strike on Tuesday, June 10, 2025, in protest of a new GH¢1 fuel levy. The drivers say this levy, part…

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Categories Business

Ghana secures $2 billion investment in oil sector

  • June 5, 2025
  • Estimated read time 3 min read

Ghana has made significant progress towards strengthening its stance as a leading oil and gas producer in West Africa, after the signing of a Memorandum of Understanding (MoU) between the government and…

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Categories Business

Ghana’s inflation rate hit to 18.4% in May, marking a decline to its lowest point since February 2022

  • June 4, 2025
  • Estimated read time 2 min read

The comparative annual data of Ghana’s inflation rate dropped sharply to 18.4 per cent in May 2025, showing a further decline from the 21.2 per cent recorded in April and increasing the…

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Categories Business

SHAXI to employ thousands in new YEA job creation initiative

  • June 3, 2025
  • Estimated read time 2 min read

The Youth Employment Agency (YEA) has announced a new partnership with SHAXI, a locally-owned ride-hailing service founded by musician Shatta Wale, aimed at creating sustainable jobs for young Ghanaians. YEA’s CEO Malik…

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Categories Business

Government targets cocoa growth to lift farmer incomes

  • May 31, 2025
  • Estimated read time 2 min read

President John Dramani Mahama has unveiled an ambitious plan to grow Ghana’s cocoa industry by adding 200,000 hectares of new cocoa farms. The announcement was made on Saturday, May 31, during his…

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Categories Business

Minister gives telcos end-of-year deadline to improve network services

  • May 31, 2025
  • Estimated read time 2 min read

Ghana’s Minister for Communication, Digital Technology and Innovations, Samuel George, has cautioned mobile network companies to improve their services by December 31, 2025 or face large fines. Part of the money from…

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Categories Business

Ibrahim Mahama drags Policy Analyst to court in a defamatory lawsuit over alleged false article

  • May 29, 2025
  • Estimated read time 2 min read

Businessman Ibrahim Mahama and his company, Engineers & Planners, have filed a defamation lawsuit against Bright Simons, vice president of IMANI Ghana, at the High Court in Accra. In the suit, dated…

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Categories Business

Mahama’s 24H+ Programme targets major economic boost with Volta Lake

  • May 28, 2025
  • Estimated read time 3 min read

President John Dramani Mahama has announced plans to turn the Volta Lake and its surrounding area into a key center for industry and transport, as part of the government’s 24-hour economy policy.…

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Categories Business

CUTS demands action as drivers reject lower fares; KMA begins enforcement

  • May 27, 2025
  • Estimated read time 2 min read

Consumer advocacy group CUTS International is calling on the government to take swift action to make sure passengers benefit from the recent fuel price cuts. The group says many commercial drivers are…

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Categories Business

Cedi’s strong performance cuts Ghana’s debt by GH₵150 billion – Mahama

  • May 27, 2025
  • Estimated read time 2 min read

President John Dramani Mahama has said that the recent rise in the value of the Ghanaian cedi has helped cut the country’s debt by almost GH₵150 billion. He made this announcement at…

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Categories Business

Ghana’s embassy in Washington D.C to reopen May 29 following fraud investigation

  • May 27, 2025
  • Estimated read time 2 min read

Ghana’s Ministry of Foreign Affairs has announced that its embassy in Washington D.C. will reopen on Thursday, May 29, following a brief shutdown due to structural reforms and an ongoing investigation into…

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