Business

In a powerful statement to the global financial community, President John Dramani Mahama rang the opening bell at the Nasdaq Stock Exchange, marking a pivotal moment in Ghana’s renewed push to attract international investment. The event featured President Mahama’s image prominently displayed on the iconic Nasdaq billboard in Times Square, accompanied by the message: “Ghana is Open for Business.” The …

The Government of Ghana has directed the National Food Buffer Stock Company (NAFCO) to purchase surplus grains from farmers across the country, following projections of a bumper harvest in 2025. The directive, announced by the Ministry of Food and Agriculture (MoFA), is aimed at preventing a potential glut on the market—driven by high expected yields this season and unsold carry-over …

The Public Utilities Regulatory Commission (PURC) has announced a 1.14% upward adjustment in electricity tariffs across all consumer categories, effective October 1, 2025. However, water tariffs will remain unchanged for the same period. In a statement signed by Acting Executive Secretary, Shafic Suleman, the Commission explained that the adjustment follows its Quarterly Tariff Review Mechanism, which assesses key economic indicators …

Source: Jubilee House Degas Limited has announced a $100 million investment over the next four years to help establish Ghana as Africa’s first AI-powered agricultural hub, expanding a model that has already financed more than 86,000 smallholder farmers across 122,000 acres nationwide. “Ghana has shown that when technology meets a clear national vision, smallholder farmers can thrive,” said Doga Makiura, …

Accra, August 7, 2025 The Bank of Ghana (BoG) has announced the postponement of the national launch of the Cedi@60 commemorative programme, which was originally scheduled for Friday, August 8. The decision comes in the wake of the tragic military helicopter crash that claimed the lives of eight individuals, including Minister for Defence Dr. Edward Omane Boamah, and Minister for …

Accra, August 7, 2025 The National Communications Authority (NCA) has formally issued a notice to Multichoice Ghana Limited of its intention to suspend the company’s authorisation to operate Pay TV services in Ghana. In a statement released Thursday, the NCA said the planned action concerns Multichoice’s Subscription Management Service for its Satellite Television Broadcasting (Direct-to-Home Bouquet) and stems from what …

Accra, August 6, 2025 Ghana’s headline inflation rate fell to 12.1% in July 2025, down from 13.7% in June, according to new data released by the Ghana Statistical Service (GSS). This marks the seventh consecutive month of decline and represents the lowest inflation rate recorded since October 2021. The steady disinflation trend is being attributed to continued moderation in both …

Accra, August 7, 2025 The Ghana Road Transport Coordinating Council (GRTCC) has suspended a proposed 20% increase in public transport fares following high-level consultations with the Ministry of Transport on Wednesday, August 6. The decision comes in response to growing public concern and criticism over the lack of inclusive stakeholder engagement in the lead-up to the fare adjustment, which had …

Africa’s largest supermarket chain, Shoprite Holdings, has announced it is exiting its operations in Ghana and Malawi, continuing a broader strategy to retreat from underperforming African markets and refocus on its core South African business. In a statement released on Tuesday, Shoprite confirmed that it had received a binding offer in June for its seven stores and one warehouse in …

The Government of Ghana has announced a substantial increase in the producer price of cocoa, raising it from US$3,100 to US$5,040 per tonne for the 2025/2026 cocoa season—a 62.58% increase. The announcement was made on Monday, August 4 by Finance Minister Dr Cassiel Ato Forson in a social media post, following a meeting of the Producer Price Review Committee (PPRC), …