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New value for money law to tackle inflated contract costs – Finance Minister
Minister for Finance, Dr Cassiel Ato Forson, says the newly enacted Value for Money law will help reduce inflated public sector contract costs and strengthen accountability in government expenditure. According to the Finance Minister, the legislation, recently signed into law by John Dramani Mahama, is expected to impr...
GRIDCo Board holds inaugural staff durbar, reaffirms commitment to resilience and operational excellence
The Board of Directors of Ghana Grid Company Limited (GRIDCo) has held its first-ever direct engagement with staff in a Durbar that brought together employees from across the company’s operational areas. The event, convened at the company’s head office in Tema, provided a platform for open dialogue between the board, m...
COCOBOD threatens licence loss for LBCs buying cocoa from farmers on credit
The Ghana Cocoa Board (COCOBOD) has ordered Licensed Buying Companies (LBCs) to stop purchasing cocoa beans from farmers on credit, warning that any company that violates the directive again could lose its licence. COCOBOD Chief Executive Officer Dr Randy Abbey disclosed this at the launch of the Chamber of Cocoa Marke...
Nana Akwasi Awuah credits PMMC’s ‘historic’ SIGA Awards success to his reforms
Former PMMC Managing Director, Nana Akwasi Awuah, has asserted that the company’s triple win at the 2024 SIGA PELT Awards is the result of the reforms and restructuring initiatives he spearheaded during his tenure. Reacting to the announcement by the State Interests and Governance Authority, Mr. Awuah said the recognit...
Black Stars victory boosts jersey sales in Ahafo Region
Traders in the Ahafo Region dealing in Ghana national team jerseys say sales have increased significantly following the Black Stars’ first victory in the ongoing World Cup tournament. The traders say the team’s winning start has reignited enthusiasm among football fans, leading to a surge in demand for Black Stars jers...
Minority accuses government of prioritizing jets over farmers
The Minority Caucus in Parliament has urged the government to halt plans to purchase a new presidential jet and four helicopters, citing the ongoing crisis in the cocoa sector. Their concerns follow an article by the Executive Secretary to President John Dramani Mahama, which indicated that Ghana is expected to acquire...
Letshego sells operations in Ghana, 4 other African markets
After 27 years of building a pan-African microfinance empire, Letshego Africa Holdings is drawing a new, smaller map of itself. The Botswana-headquartered lender has signed binding agreements to sell its operations in Uganda, Ghana, Tanzania, Nigeria, and Rwanda to Dubai-based Axian Digital Venture Holdings and Managem...
Bank of Ghana maintains policy rate at 14% as global tensions threaten inflation outlook
The Bank of Ghana has maintained its Monetary Policy Rate at 14 percent following the conclusion of the 130th Monetary Policy Committee meeting held from May 18 to 20, 2026. Governor of the central bank , Johnson Asiama, said the decision was taken after the committee assessed risks to inflation and economic growth as...
Bank of Ghana announces new reserve requirement as banking sector assets hit GHC493.9 billion
The Bank of Ghana (BoG) has announced a new uniform Cash Reserve Ratio of 20 percent for banks, effective June 4, 2026, as part of measures to strengthen liquidity management within the financial sector. The decision was announced at the end of the central bank’s 130th Monetary Policy Committee meeting in Accra. Govern...
Ghana’s inflation drops to 3.2% in March 2026
Ghana’s inflation rate continued its downward trend in March 2026, falling to 3.2%, according to the latest data released by the Ghana Statistical Service (GSS). This marks a slight decline from 3.3% recorded in February 2026 and a dramatic drop from 22.4% in March 2025, representing a sharp 19.2 percentage point decre...
10 major changes the new COCOBOD Bill brings to Ghana’s cocoa sector
For about four decades, Ghana’s cocoa sector has been governed primarily by the Ghana Cocoa Board Act, 1984 (PNDCL 81), alongside several other laws enacted at different times to regulate specific aspects of the industry. Ghana travel guide While these laws addressed the policy and economic challenges of their respecti...
The cost of doing nothing after an infrastructure upgrade
Somewhere in a boardroom right now, a CFO is staring at an IT budget that grew again this year and trying to explain why the returns haven’t kept pace with the spend. What was not anticipated was that the investment would solve one problem while leaving another quietly in place. But for a growing number […]