Isaac Adongo, a board member of the Bank of Ghana (BoG), has announced upcoming measures to significantly tighten restrictions on over-the-counter US dollar withdrawals from banks and other financial institutions. The move is aimed at stabilizing the local currency and curbing speculative activity. Currently, individuals can withdraw limited amounts of dollars if they provide valid…
The government has issued a firm directive requiring all owners and operators of excavators to register their equipment with the Driver and Vehicle Licensing Authority (DVLA) within two weeks. Failure to comply will result in the confiscation of unregistered machinery starting June 1, 2025. The Chief Executive Officer of the DVLA, Julius Neequaye Kotey, announced…
The Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, has assured Ghanaians that prices of goods and services are expected to see a significant decline within the next 60 days, following the recent appreciation of the Ghana cedi against the US dollar. Speaking at a meeting in Accra with the leadership of the Ghana Union…
Presidential Spokesperson Felix Kwakye Ofosu has confirmed that no additional disciplinary measures will be taken against the Acting Chief Executive Officer of the Ghana Gold Board, Sammy Gyamfi, following his recent public apology. Speaking at a press briefing held at the Jubilee House in Accra on May 14, Mr. Ofosu stated that Sammy Gyamfi has…
The Minister for Trade, Industry, and Agribusiness, Elizabeth Ofosu-Adjare, has stated that the government cannot mandate price reductions despite recent improvements in the macroeconomic environment, including the strengthening of the Cedi and declining inflation. Speaking after a closed-door meeting with key business stakeholders — including the Ghana Union of Traders Association (GUTA), the Association of…
The Minister of Education, Haruna Iddrisu, has announced plans by the government to establish a new public university in Kintampo, located in the Bono East Region. The institution will specialize in health, agriculture, and life sciences, and aims to serve the educational and developmental needs of the broader Bono Region. The new university, once established,…
Ghana’s Finance Minister, Dr. Cassiel Ato Forson, has hailed the upcoming Second Gas Processing Plant (GPP II) as a transformative initiative poised to reshape the country’s energy landscape, create thousands of jobs, and deliver significant economic savings. Speaking at the inauguration of the GPP II Implementation Committee at the Ministry of Energy and Green Transition,…
The Ghana Police Service has intensified its nationwide crackdown on illegal mining activities, commonly known as galamsey, with significant results recorded over the past two months. Between March and April 2025, the Police conducted a series of coordinated special operations in areas heavily impacted by illegal mining. These included Samreboi along the Tano River, Wassa…
President John Dramani Mahama has reiterated the Government of Ghana’s strong commitment to transforming the country’s energy sector by shifting from hydrocarbons to renewable energy sources. Speaking at the 2025 African CEOs Forum Awards held in Abidjan, Ivory Coast, President Mahama outlined Ghana’s strategic vision to become West Africa’s leading petrochemical hub while simultaneously advancing…
Ghana could forfeit up to $500 million in potential revenue if it proceeds with building a lithium refinery under the terms outlined in its first lithium agreement with Barari DV, a subsidiary of Australia-based Atlantic Lithium. This is according to a new report released by the Natural Resource Governance Institute (NRGI). The report, based on…
