Business

Fuel Prices Begin to Rise as Ghana Enters September Pricing Window Some major Oil Marketing Companies (OMCs) have started adjusting their pump prices as the first petroleum pricing window for September gets underway. The developments follow an initial decision by several major OMCs to keep their prices unchanged, despite industry projections of higher petrol and diesel prices during the September …

Ghana’s year-on-year inflation rate increased to 5.0% in August 2026, from 4.6% in July, driven largely by rising prices for non-food items and services. Figures released by the Ghana Statistical Service show that despite a 1% decline in overall prices between July and August, the annual inflation rate still rose by 0.4 percentage points. The contrasting movements highlight a shift …

The Chamber of Petroleum Consumers (COPEC) has warned that continued increases in petrol and diesel prices will put further pressure on public transport fares in Ghana.COPEC Executive Secretary Duncan Amoah said transport operators are already struggling with rising fuel costs, making fare adjustments increasingly difficult to avoid.However, he cautioned drivers against imposing arbitrary fares, stressing the need for coordination between …

Ghana recorded a GH¢46.1 billion trade surplus in the first quarter of 2026, driven largely by strong export earnings, particularly from gold.According to the Ghana Statistical Service (GSS) First Quarter 2026 Trade Report, the country exported goods worth GH¢110.3 billion between January and March, compared with imports valued at GH¢64.2 billion.In total, Ghana traded goods worth GH¢174.6 billion, equivalent to …

Former Finance Minister Dr Mohammed Amin Adam has called for the removal of the Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, from the Board of the Ghana Gold Board (GoldBod).Dr Amin Adam says the Governor’s position on the GoldBod Board raises concerns about a potential conflict of interest, particularly because the central bank is also involved in …

Ghana’s road maintenance financing gap has widened significantly, with available funding meeting only 37% of the country’s estimated maintenance requirements in 2024, down from 45% recorded between 2018 and 2021, according to the World Bank. In its latest Ghana Economic Update: Reset for Growth-Sustaining Macroeconomic Recovery and Unlocking Transport for Transformation, the World Bank warned that the persistent funding shortfall …

Aggrieved customers of the defunct Gold Coast Fund Management are preparing to stage another protest on Tuesday, September 1, 2026, to demand the release of their outstanding investments.The planned demonstration follows the failure to include a full budgetary provision for the settlement of their claims in the 2026 Mid-Year Budget Review.The customers had previously appealed to President John Dramani Mahama …

Ghana’s state-owned enterprises (SOEs) recorded a major improvement in their financial performance in 2025, moving from a combined net loss of GH¢2.25 billion in 2024 to a net profit of GH¢19.8 billion, according to the State Interests and Governance Authority (SIGA).The figures are contained in SIGA’s 2025 State Ownership Report, which indicates a significant recovery in the financial position of …

Accra Brewery PLC (ABL) has raised concerns over proposed changes to Ghana’s beer excise duty system, warning that the new measures could increase taxes on locally produced beer and put as many as 2,000 jobs at risk.The company says the proposed changes could also discourage investment and give imported beer an unintended advantage over products manufactured locally.ABL argued that local …

The Institute of Economic Affairs (IEA) has disputed claims that the Ghana Gold Board (GoldBod) suffered a GH¢1.7 billion loss through the Bank of Ghana’s Domestic Gold Purchase Programme.According to the IEA, a significant portion of the amount being described as a loss is instead linked to accounting and foreign-exchange valuation differences arising from gold transactions between the Bank of …