Business

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 …

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, …

President John Dramani Mahama has announced the Volta Economic Corridor as the flagship initiative under his government’s 24-Hour Economy policy, describing it as a bold and transformative strategy to unlock the agricultural, industrial, and environmental potential of the Volta Lake and surrounding regions. Speaking at the official launch of the …

President John Dramani Mahama has officially launched the 24-Hour Economy policy, announcing its transition from a campaign slogan to a comprehensive national strategy aimed at boosting productivity, creating jobs, and promoting inclusive economic growth. Speaking at the official ceremony in Accra on Wednesday, President Mahama said the policy, once a …

Ghana’s year-on-year inflation rate for June 2025 has dropped sharply to 13.7 percent, marking the lowest level since December 2021 and continuing a six-month downward trend. The latest data released by the Ghana Statistical Service (GSS) reveals a substantial decline from 18.4 percent in May, driven by easing food prices …

President John Dramani Mahama has reaffirmed his government’s commitment to taking a facilitative role in the implementation of the ambitious 24-Hour Economy policy, making clear that the private sector will be at the forefront of the initiative. Speaking at the official launch of the 24-Hour Plus Programme in Accra on …

Fitch Solutions has issued a warning that a significant drop in global gold prices—possibly triggered by a shift toward more conventional U.S. trade policies or the resolution of major geopolitical tensions—could pose serious risks to Ghana’s international reserves. In its latest economic outlook, the UK-based research firm cautioned that such …

The Ghana Bankers Association has firmly denied claims that banks intend to restrict over-the-counter (OTC) withdrawals of foreign currencies, particularly U.S. dollars. This follows remarks by Isaac Adongo, MP for Bolgatanga Central and a Board Member of the Bank of Ghana (BoG), who suggested that the central bank might tighten …

President John Dramani Mahama has launched the Adwumawura Programme, a flagship initiative aimed at addressing youth unemployment and fostering entrepreneurship in Ghana. The launching took place in Kumasi bringing together government officials, community leaders and the youth at the Prempeh Hall. The Adwumawura Programme is made to create, mentor, and …

By Mensah Maxwell Falling Treasury Bill (T-Bill) Rates & Government Strategy Declining Yields: Ghana’s T-Bill rates have been dropping, reducing government borrowing costs but squeezing investor returns. Rejection of High-Yield Bids: Over six auctions, the government rejected GHS 24 billion in bids to enforce lower interest rates, signalling a deliberate …