Demand pressures on cedi ease; one dollar equals GH¢14.90
The Ghana cedi posted a mixed performance last week as demand pressures on the US dollar eased for most of the week.However, this week,...
You will regret your actions soon; BoG Governor to currency speculators
The Governor of the Bank of Ghana (BoG) Dr. Ernest Addison has cautioned person’s speculating and betting on the cedi’s current challenges to desist...
Cedi depreciation: Black market dealer reveals deep secret
An illegal foreign exchange dealer, operating in the ‘black market,’ is blaming some banks in the country for the constant depreciation of the cedi...
Nick Danso Adjei honoured as Maritime and Trade CEO of the year at 8th Ghana CEO Summit
Dr Nick Danso Adjei, the Executive Chairman of Trade Facilitation Company, Ghana Link Network Services Ltd, has been named the Best Maritime and Trade...
GN Bank never took a bailout from BoG – Group Nduom VP clarifies
Vice President of Group Nduom, Nana Ofori Owusu, has clarified the situation of GN Savings and Loans compared to other local banks whose licenses...
Fiscal discipline critical for economic confidence – BoG
The Bank of Ghana (BoG) has highlighted the importance of maintaining strict fiscal discipline to enhance economic confidence.This statement comes at a time of...
Ghana’s oil decline alarms ACEP boss who calls for urgent investment incentives
Executive Director of the Africa Center for Energy Policy (ACEP), Ben Boakye, has expressed concern over Ghana’s falling oil production.The 2023 Public Interest and...
Election 2024: Mahama pledges to scrap E-Levy
The flagbearer of the National Democratic Congress (NDC), John Dramani Mahama, has reaffirmed his commitment to abolish the E-levy if elected President in the...
GNPC CEO confirms decline in crude oil production but…
The CEO of the Ghana National Petroleum Corporation (GNPC), Joseph Abuabu Dadzie, has responded to concerns about Ghana's declining crude oil production, as highlighted...
BoG sets up task force to monitor illegal operators in forex market
The Bank of Ghana (BoG) has established a task force to oversee all foreign exchange bureaus.This was announced by Dr. Ernest Addison, the Governor...
Don’t leave our country – Mahama ‘begs’ multinational companies
The flagbearer of the National Democratic Congress (NDC), John Dramani Mahama, has urged multinational companies to reconsider exiting the Ghanaian market.The economic environment in...
GUTA Vice President calls for action against companies and individuals charging in dollars
The Vice President of the Ghana Union of Traders Association (GUTA), Clement Boateng, has urged the government and relevant agencies to take decisive action...
A dollar would have been GH₵50 if… – Carlos Ahenkorah [Audio]
Member of Parliament for Tema West, Carlos Ahenkorah has said the New Patriotic Party (NPP) has made significant strides in stablising the cedi.According to...
Traders threaten protest over high exchange rate
The Ghana Federation of Traders has urged the government to reduce the exchange rate from GH¢15 to GH¢10, warning of potential protests if no...
Ghana’s economy hits GHȼ1 trillion mark: A mixed bag of success and struggle
In a significant stride forward, Ghana's economy has achieved a significant milestone by crossing the GHȼ1 trillion Gross Domestic Product (GDP) threshold, a projection...
South Korea invests $28m in Ghana’s rice production
The intervention, which covers 25 various projects including agriculture, forms part of the Republic of Korea's aim to strengthen the economic and bilateral relations...
Redirect SDRs to Development Banks – AfDB urges IMF as calls grow for global reform
The African Development Bank Group is making a strong case for the rechanneling of Special Drawing Rights (SDRs) to development banks especially those in...
Don’t focus on tax waiver amounts, focus on economic development – Afenyo-Markins
The Majority Leader in Parliament, Alexander Afenyo-Markins, has stated that the complaints over the amount of tax waivers granted to some companies are misplaced.In...
NIB must just be killed; successive governments have looted it – Franklin Cudjoe
President of IMANI Africa, Franklin Cudjoe has criticised successive governments for allegedly misappropriating funds from the National Investment Bank (NIB), stating that it has...
Ndoum calls on govt to pay over GH¢7bn owed his companies
The Chairman of Groupe Ndoum and the former owner of Gold Coast Fund Management Company, Dr Papa Kwesi Ndoum, has said government still owes...
Restructuring Ghana’s $5.4bn debt: Key timelines for the tortuous journey
GHANA’S prolonged debt restructuring process has moved closer to completion as the country received a draft memorandum of understanding (MoU) from its bilateral creditors, including France...
Energy Ministry dismisses claim about Napo’s alleged involvement in Tullow Oil deal
The Energy Ministry has refuted assertions made by social media commentator, Kevin Taylor about a contract involving Tullow, Kosmos, GNPC, and Petro SA.Mr. Taylor...
Cedi depreciates 14.6% to dollar as of May 2024 – BoG
The Ghana cedi has depreciated by about 14.6% to the US dollar as of May 2024, the Bank of Ghana has revealed.This is lower...
Govt receives $5.4bn debt restructuring plan
The government has received a draft memorandum of understanding from the Official Bilateral Creditor Committee co-chaired by France and China, representing the final step...
Ghana’s public debt increases by GH¢46.4bn to GH¢658.6 in two months of 2024
Ghana’s public debt increased by GH¢46.4 billion in the first two months of 2024 to hit GH¢658.6 billion ($53.1 billion), data from the Bank...
64% of Africans believe in Africa, but only 14% are loyal to African brands – Report
Research shows African brands have retained a 14% share of the top 100 most admired brands in Africa for the second consecutive year.The report,...
Tullow Oil and Forestry Commission partner in $90 million emissions reduction agreement
Tullow Oil plc has announced a financial investment of approximately US$90 million over a period of 10 years in an Emissions Reduction Purchase Agreement...
64% of Africans believe in Africa, but only 14% are loyal to African brands – Report
African brands retain 14% share of Top 100 most admired brands in Africa.
South Africa’s MTN retain position as the #1 most admired...
No need to rush for forex – Finance Minister cautions
Minister for Finance, Dr. Mohammed Amin Adam has cautioned against the recent panic-driven rush for foreign exchange in the country that has seen the...
Economic outlook bright in the medium term – Finance Minister Amin Adam
Minister of Finance, Dr. Mohammed Amin Adam, has expressed optimism about the country's economic future, describing the outlook as "bright."Dr. Adam has consequently called on...
Cedi has cumulatively depreciated by 14.2% in 2024 – Amin Adam
The Minister of Finance, Dr. Mohammed Amin Adam, announced that the depreciation of the Cedi has been significantly stabilized from November 2022 to December...
Ghana’s cocoa industry: Why the appetite for smuggling?
Despite the farmgate price of cocoa increasing by over 100% this year, Ghanaian farmers continue to face significant financial challenges due to high inflation...
Bilateral creditors forward MoU on debt restructuring to government
Ghana’s bilateral creditors have forwarded a final Memorandum of Understanding (MOU) on the country’s debt restructuring to the government.This is what JOYBUSINESS has picked...
Declining oil production and other takeaways from the 2023 PIAC report
The Public Interest and Accountability Committee (PIAC) has released its 2023 report on the management and use of petroleum revenues, revealing a stark 32.5%...
Cedi depreciation: GUTA president sends important message to BoG
President of the Ghana Union of Traders Association (GUTA), has called on the Bank of Ghana (BoG) to relax the stringent documentation requirements businesses...
KT Hammond slams Minority’s ‘horror’ opposition to Import Restrictions Bill
The Minister of Trade and Industry, KT Hammond, has criticized the Minority caucus in Parliament for obstructing the Export and Import (Restrictions on Importation...
Kejetia market cloth sellers’ protest leads to release of seized goods
Authorities in Ashanti region have released goods seized from cloth sellers at Kejetia Market in Kumasi after a vehement protest by the traders.The seizure...
MTN Ghana to stop selling scratch cards by June 2024
MTN Ghana has announced that it will be phasing out its scratch cards, which were last introduced in 2020, effective June 30, 2024.This decision...
Terminate GRA/SML deal – Manasseh Azure
Investigative journalist, Manasseh Azure Awuni has called for a complete dissolution of the contentious revenue mobilisation deal between the Ghana Revenue Authority (GRA) and...
Ministry of Foreign Affairs commences 3rd Made-in-Ghana Bazaar
The third edition of the Made-In-Ghana Bazaar organised by the Ministry of Foreign Affairs and Regional Integration has taken off today, May 23, 2024.After...