Business

The Ghana Gold Board (GoldBod) has submitted a formal proposal to acquire roughly three acres of land in Cantonments, Accra, from the Department of Parks and Gardens to build its permanent operational headquarters. Under a land-swap arrangement detailed in an August 20 letter, GoldBod plans to construct a state-of-the-art administrative facility for Parks and Gardens, alongside agreed-upon logistical support, in …

Credit: The Point of View on Channel One TV The Director of Research at the Institute of Economic Affairs (IEA), Prof. Alexander Bilson Darku, has challenged claims that the Ghana Gold Board (GoldBod) incurred a US$1.7 billion loss under the Domestic Gold Purchase Programme (DGPP) in 2025. His comments come amid growing debate over a reported US$1.7 billion loss associated …

The Bank of Ghana (BoG) and the Securities and Exchange Commission (SEC) have warned the public against a purported cryptocurrency investment platform known as “Daily Wealth Guide.”In a joint statement, the regulators described the platform as a scam and urged Ghanaians not to deposit money with its operators. According to the regulators, individuals behind the platform are allegedly using promises …

Standard Chartered Bank Ghana PLC has paid GH¢97.8 million in dividends to the Social Security and National Insurance Trust (SSNIT) for the 2025 financial year, boosting returns from the pension manager’s investment portfolio. The payment forms part of the bank’s total dividend distribution of GH¢673.95 million, which was approved by shareholders at the bank’s 56th Annual General Meeting held in …

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 …