Business

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 …

Barely a year after Ghana’s gold-led economic recovery earned plaudits as one of West Africa’s most remarkable turnarounds, the institution at the heart of that transformation—the Ghana Gold Board (GoldBod) is now navigating a fundamentally changed operating environment. From 1 July 2026, the Bank of Ghana ceased pre-financing GoldBod’s gold purchases, transferring all remaining Domestic Gold Purchase Programme activities and …

The World Bank says 56.4% of Ghanaians continue to live in poverty despite recent economic growth, with widening disparities across regions pointing to a gap between the country’s economic performance and the living conditions of many citizens. Speaking at the launch of the World Bank Group’s 10th Ghana Economic Update, World Bank Division Director for Ghana, Liberia and Sierra Leone, …