Minister of Trade and Industry, Mrs. Elizabeth Ofosu-Adjare, has called on Ghana-based heavy-duty vehicle manufacturers to increase their use of locally sourced components in order to fully benefit from the African Continental Free Trade Area (AfCFTA). Speaking during a working visit to Zonda Tec Ghana Limited on Thursday evening, the Minister emphasized the importance of…
The Bank of Ghana has decided to keep its policy rate unchanged at 28%, as part of ongoing efforts to contain inflationary pressures. This decision was announced by Governor Dr. Johnson Asiama during a media briefing following a meeting of the Bank’s Monetary Policy Committee (MPC). Dr. Asiama explained that the central bank’s latest assessments…
Just days after being cleared from unauthorized trading spots, some traders in Accra’s Central Business District have returned to the pavements, defying the Accra Metropolitan Assembly’s (AMA) directives aimed at decongesting the city. The traders, citing economic hardship and the absence of alternative sources of income, say they have no choice but to resume their…
Vice President Professor Naana Jane Opoku-Agyemang has returned to Ghana after making a full recovery from an illness that had kept her out of the public eye for several weeks. She arrived in Accra from London, United Kingdom, to a warm and heartfelt welcome at the Kotoka International Airport. President John Dramani Mahama and First…
The Ministry of Finance has officially approved the implementation of revised allowances for members of three senior staff unions within Ghana’s public tertiary institutions. This decision follows the successful completion of negotiations between the government and the unions. In a statement dated May 21, 2025, Finance Minister Dr. Cassiel Ato Forson announced that the revised…
President John Dramani Mahama has confirmed that his administration inherited $8.98 billion in foreign reserves from the previous government, bringing clarity to a long-standing debate over the actual amount handed over during the transition. The issue had sparked public discussion, with officials from both the current and former administrations presenting conflicting figures regarding the state…
Transport fares across the country will be reduced by 15% effective Saturday, May 24, 2025, following successful negotiations between transport operators and the Ministry of Transport. This decision comes in response to recent macroeconomic improvements, notably the sustained appreciation of the Ghanaian cedi against the US dollar, which has led to a significant reduction in…
Fourteen individuals have been remanded into prison custody for their alleged involvement in illegal mining activities at Akyem Muoso in Ghana’s Eastern Region. The suspects were arrested by the Eastern South Regional Police Command on May 15, 2025, during a targeted operation against unauthorised mining in the area. A statement from the Ghana Police Service…
President John Dramani Mahama has re-nominated four Municipal and District Chief Executives (MDCEs) in the Greater Accra Region, in line with Article 243(1) of the 1992 Constitution and Section 20(1) of the Local Governance Act, 2016 (Act 936), as amended. The Ministry of Local Government, Chieftaincy and Religious Affairs announced the re-nominations in a press…
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…
