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Oppong Nkrumah urges urgent BoG recapitalisation, warns against political interference
The Member of Parliament for Ofoase-Ayirebi and former Minister of Information, Kojo Oppong Nkrumah, has called for the urgent recapitalisation of the Bank of Ghana (BoG) following reported financial losses highlighted in recent audit findings.
MPs partner with Afarinick to boost Ghana’s cocoa production capacity
Some legislators in the Volta and Oti regions have entered into a partnership with Afarinick Company Limited to strengthen Ghana’s cocoa production capacity, currently projected at 650,000 to 700,000 metric tonnes annually.
CUTS lauds BoG on suspension of proposed MTN new charges
CUTS International Accra, a leading public policy think tank on consumer protection and competition policy advocacy organisation has commended the Bank of Ghana (BoG) for its prompt intervention in suspending the proposed 0.75% wallet-to-bank transfer fee announced by Mobile Money Fintech Limited (MMFL), the operator o...
IMF report raises fresh questions over GoldBod’s losses – IERPP’s Economist
Economic analyst, Dr. Frank Bannor, has raised fresh questions over the losses associated with Ghana’s gold-purchasing programme, following his review of a 45-page International Monetary Fund (IMF) report. Dr. Bannor said the report deserved closer scrutiny, particularly the disclosure in paragraph 14 on page 10 that G...
Sachet water price increase: Why Ghana urgently needs a competition law to address price fixing and cartel conduct
The National Association of Sachet and Packaged Water Producers (NASPAWAP) has announced a significant price hike for sachet water, effective Monday, April 6, 2026. The new structure sets the ex-factory price at GH¢8 per bag (30 sachets of 500ml), ex-truck at GH¢10, and a recommended maximum retail price of GH¢15. The...
Gideon Boako says banks could restrict certain forex deposits from next month
Gideon Boako, a deputy ranking member on the parliamentary Finance Committee, said some commercial banks could soon begin rejecting certain foreign exchange deposits, urging holders of U.S. dollars to deposit them before possible restrictions take effect. In a Facebook post on Thursday (21 May), Boako, who is also the...
NPA, Western Naval Command destroy 8 jumbo canoes used for illegal fuel bunkering in Takoradi
The Chief Executive Officer of the National Petroleum Authority, Edudzi Kudzo Tameklo, has warned individuals engaged in illegal fuel bunkering activities that authorities will intensify crackdowns to protect consumers and prevent revenue losses to the state. His comments follow the destruction of eight jumbo canoes co...
Cedi records modest appreciation on improved liquidity, but external risks linger
On the interbank market, the cedi strengthened by 1.86% against the US dollar, 3.00% against the pound and 3.45% against the euro. It closed at mid-rates of GH¢10.77 per dollar, GH¢14.38 against the pound and GH¢12.50 to the euro.
Ghana’s economy shows recovery signs, but risks persist – S&P maintains stable outlook
Ghana’s sovereign credit rating has been affirmed at ‘B-/B’ with a stable outlook by S&P Global Ratings, reflecting improving economic conditions alongside persistent fiscal and external risks. The ratings agency said stronger economic growth and rising export volumes, particularly from gold, have supported a significa...
Thirty youth and master craftsmen in Yeji receive training equipment under NAP
Thirty (30) beneficiaries under the Government’s National Apprenticeship Programme (NAP) in the Pru East District have received training equipment to strengthen practical skills training and support youth employment initiatives. The beneficiaries comprise four master craftsmen and trainees in hairdressing, fashion and...
Bank of Ghana revoked GN Savings & Loans licence solely on insolvency grounds, not other alleged breaches — Lawyer for GN reveals
The recent Court of Appeal ruling in favour of GN Savings & Loans could mark the first major step toward the possible restoration of the institution’s licence, nearly seven years after the Bank of Ghana revoked it during the country’s banking sector cleanup. At the time of the revocation in August 2019, the Bank of […]
Fan Milk proposes GH¢0.11 per share dividend after strong 2025 performance
Fan Milk PLC recorded a profit after tax of GH¢68.33 million for the year ended December 31, 2025, representing a 38 per cent increase from the GH¢49.46 million reported in the previous year, according to the company’s audited financial statements released on March 31, 2026.