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Dubik Mahama defends ECG reforms as IMF pushes for greater private sector participation
Former Managing Director of the Electricity Company of Ghana (ECG), Samuel Dubik Mahama, has defended reforms implemented during his tenure at the state power distributor. He insists that major progress was made in revenue generation, digitalisation and metering before his departure from office. His comments come amid...
IMF gains should not be celebrated yet – Kofi Bentil
Senior Vice President of IMANI Africa, Kofi Bentil, has cautioned against premature celebration of Ghana’s recent economic improvements under the International Monetary Fund programme. He argued that the country has achieved stability but not meaningful structural reform. His comment follows the announcement of the end...
Gov’t directs LBCs to suspend cocoa purchases – Annoh-Dompreh claims as Minority visits farmers
The Minority Chief Whip and Member of Parliament for Nsawam-Adoagyiri, Frank Annoh-Dompreh, has claimed that the government has directed Licensed Buying Companies (LBCs) to suspend cocoa purchases nationwide. He described the directive as a sign of weakness towards cocoa farmers, especially in light of the recent price...
GPRTU warns of transport fare increment over anticipated fuel price hike
The Ghana Private Road Transport Union has indicated that transport fares may increase if fuel prices go up in the next pricing window. The union says any upward movement in fuel prices is likely to prompt transport operators to review fares to cope with rising operational expenses. Speaking on Accra-based Channel One...
Government has not instructed cocoa buyers to halt purchases — LBCs President
President of the Licensed Cocoa Buying Companies (LBCs), Samuel Adimado, has denied claims that the government has instructed cocoa buyers to halt purchases of cocoa beans nationwide amid concerns over delayed payments to farmers. The denial follows allegations by Frank Annoh-Dompreh, who claimed that LBCs had been tol...
A levy without justification: Why the GH¢1 Energy Levy must be withdrawn
The fiscal justification for the GH¢1 per liter levy on petrol and diesel, introduced in the heat of the 2025 mid-year window, has evaporated. While the Minister of Finance argued in June 2025 that a drastic decline in global prices meant consumers could “assist” the government by paying an extra levy, the reality of M...
Ghana’s economy growing faster than expected – BoG Governor
The Governor of the Bank of Ghana Dr. Johnson Asiama says Ghana’s economy is stabilising faster than expected as key indicators show strong improvement across several sectors. Speaking at the opening of the 129th Monetary Policy Committee (MPC) meeting, the Governor said the latest economic data points to stronger mome...
World Bank MD praises Ghana’s economic turnaround
The Managing Director and Chief Knowledge Officer of the World Bank, Paschal Donohoe, has commended Ghana for its progress in stabilising the economy following a meeting with Finance Minister Dr. Cassiel Ato Forson. Mr. Donohoe praised the government’s management of national finances, describing it as a “remarkable imp...
Damang Gold Mine sells another 100% of its gold output to GoldBod
The Damang Gold Mine has sold another consignment of gold said to be 100 per cent of its gold production, to the Ghana Gold Board (GoldBod).
Rising gold prices from geopolitical tensions could support Ghana’s trade balance – Dr Asiama
The Governor of the Bank of Ghana, Dr Johnson Asiama, says rising geopolitical tensions in the Middle East could provide some support to Ghana’s economy through higher global gold prices, but policymakers must remain cautious. Speaking at the opening of the 129th Monetary Policy Committee (MPC) meeting, Dr Asiama expla...
MiDA CEO raises alarm over ‘Wasted Agricultural Assets’
The MiDA team engaged traditional authorities, regional and district officials, and private agribusiness operators, while also conducting technical inspections of irrigation schemes, dams, inland valleys, markets, and agro-processing facilities.
BoG to cut policy rate further despite geopolitical risks
“We thus expect the authorities to sustain the preference for double digit real policy rate with a rate-cut bias, pegging our anticipated cut in the policy rate at between 100 – 200bps [basis points], with a leaning towards 150bps cut to 14.0%”, it added.