Business

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 and a broad slowdown in consumer price increases across key …

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 Wednesday morning, President Mahama said the policy is designed to …

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 a decline in gold prices would strain the Bank of …

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 controls to help stabilize the cedi. In response, John Awuah, …

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 support at least 10,000 businesses annually, with a strong focus …

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 strategy to cut borrowing expenses. Rationale: Lower rates aim to …

Story by: NAA ANYEMA COLLISON IFS Warns Against Reckless Borrowing, Urges Self-Reliance in Economic RecoveryThe Institute for Fiscal Studies (IFS) in its latest address to the media has cautioned the Mahama led administration against a hasty return to the international bond market, emphasizing the risks of excessive borrowing. Since 2000 Ghana experienced two significant debt crises with the latest one …

Ghana has received 500 metric tonnes of cereals from the ECOWAS Regional Food Security Reserve to help its national response strategy following a drought that affected major grain supply areas. The delivery of maize, sorghum, millet, and rice aims to increase the resilience of populations facing food insecurity. Mr. Charles Ndiaye, the Acting ECOWAS Resident Representative in Ghana presented the consignment to Dr …

Prices of vegetables at some major markets in the Nabdam District of the Upper East Region have witnessed a significant drop within one month. A market survey conducted by the Ghana News Agency at the Zanlerigu, Pelungu, and Kongo markets in the district revealed that prices of vegetables such as tomatoes, pepper, and okra had reduced drastically. Farmers of these …

The Ministry of Finance has debunked claims suggesting that the government is engaging in debt restructuring with private banks and local contractors. This follows publications that the government is engaging in debt restructuring with private banks and local contractors. The MoF in a statement on Monday noted, “The Ministry wishes to state categorically that no such restructuring has been contemplated during …