The Minister for the Interior, Hon. Mohammed Muntaka Mubarak, on Thursday warmly received the United States Ambassador to Ghana, H.E. Virginia Palmer, as part of her farewell engagements marking the end of her diplomatic tenure in the country. During the courtesy visit at the Ministry of the Interior in Accra, the two leaders held discussions…
The Bank of Ghana (BoG) has announced plans to commemorate the 60th anniversary of the Ghana Cedi on July 19, 2025. This milestone marks six decades since the cedi replaced the Ghanaian Pound in 1965, becoming the country’s sole legal tender. In a statement issued on May 13, the central bank emphasized the significance of…
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 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…
The Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, is currently holding a high-level closed-door meeting with leaders of the Ghana Union of Traders Association (GUTA), the Association of Ghana Industries (AGI), and the Food and Beverage Association of Ghana (FABAG). The discussions are centered on addressing the persistent rise in the cost of goods…
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,…
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…
The World Bank has praised Ghana for its outstanding achievements under the Gulf of Guinea Northern Regions Social Cohesion (SOCO) Project, citing the country’s efforts as surpassing initial expectations and delivering transformative results. During a recent visit to SOCO project sites, Mr. Robin Mearns, the World Bank’s Global Director for Social Development, led a high-level…
Traders at the bustling Makola and Okaishie markets in Accra are resisting growing pressure to slash prices, even as the Ghanaian cedi strengthens against major foreign currencies, particularly the US dollar. In recent weeks, the cedi has posted a notable recovery after prolonged depreciation, stirring public expectations for lower prices—especially on imported goods. However, many…
