Business

Consumers and businesses are set to enjoy some relief at the pumps as several Oil Marketing Companies (OMCs) begin reducing fuel prices at the start of the second pricing window of June. State-owned GOIL is among the first companies to implement downward adjustments, citing favorable developments on the international petroleum market. At GOIL stations, petrol now sells at GH¢13.87 per …

Government has revised its projected petroleum revenue for 2026 upward to approximately $1.5 billion, citing higher-than-anticipated crude oil prices on the international market. The new forecast represents a significant increase from the estimated $1 billion contained in the 2026 Budget and comes amid a sustained rise in global oil prices, largely driven by geopolitical tensions in the Middle East. Finance …

Elizabeth Ofosu-Adjare, Ghana’s Minister for Trade, Agribusiness and Industry, has promoted Ghana as a strategic entry point into Africa’s 1.4 billion consumer market, encouraging Chinese investors to leverage the country’s role as host of the African Continental Free Trade Area Secretariat. Speaking at the Ghana-China Investment Forum in Jinan on Thursday, May 21, 2026, the Minister described Ghana as a …

Ghana has climbed to become the eighth-largest economy in Africa in 2026, following a notable expansion in its Gross Domestic Product (GDP). The growth is driven mainly by strong performance in the mining, Information and Communication Technology (ICT), and financial services sectors. According to the April 2026 World Economic Outlook report by the International Monetary Fund (IMF), Ghana’s economy expanded …

Ghana has recorded its first inflation increase in 15 consecutive months of disinflation, with headline inflation rising to 3.4% in April 2026 from 3.2% in March, according to new economic data. The reversal marks a potential shift in the country’s inflation trajectory, as price pressures begin to emerge beyond the food sector. Month-on-month consumer prices also rose by 1.0%, suggesting …

Ghana’s banking sector is regaining momentum, with total industry assets reaching GH¢465.4 billion as of February 2026, according to the Bank of Ghana’s March Monetary Policy Report. The figures point to stronger balance sheets and an improved position within the domestic market. Assets grew by 21 percent year-on-year. Although this marks a slowdown compared to the previous year, it reflects …

President John Dramani Mahama has reaffirmed the government’s commitment to fostering a conducive investment climate to support business growth and economic expansion. He gave the assurance at the Presidency in Accra during a courtesy call by a delegation from the CEO Network Ghana. The more than 130-member delegation, led by Ernest De-Graft Egyir, Founder and CEO of the network and …

The Bank of Ghana (BoG) has clarified that income earned by Ghanaian content creators from digital platforms should be treated as service export proceeds under the country’s foreign exchange regulations. In a statement, the central bank explained that payouts from platforms such as X and other digital channels qualify as legitimate cross-border inflows and are permitted within existing regulatory frameworks. …

The Ministries of Energy and Finance have begun high-level consultations aimed at suspending selected fuel taxes and margins, as part of efforts to reduce fuel prices and ease the burden on consumers. The discussions were led by Energy and Green Transition Minister John Jinapor in collaboration with the Ministry of Finance, bringing together key stakeholders from the downstream petroleum sector. …

The Bank of Ghana (BoG) has cut its Monetary Policy Rate by 150 basis points to 14%, following a decision by its Monetary Policy Committee (MPC). The move, announced after the MPC meeting on Wednesday, March 18, 2026, signals a continued shift toward monetary easing amid improving macroeconomic conditions. Speaking at the 129th MPC press briefing, Governor Dr. Johnson Asiama …