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GRA Customs explains how imported vehicles are classified and valued for duty assessment
Officials of the Ghana Revenue Authority (GRA) Customs Division have explained the process used to classify and value imported vehicles, stating that duty assessments are based on internationally accepted customs procedures designed to ensure fairness and consistency. Speaking on Joy FM’s Super Morning Show, Principal...
Sammy Gyamfi rejects Minority’s claims, insists GoldBod remains financially strong
Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has dismissed claims by some members of the New Patriotic Party (NPP) Minority Caucus that the institution is making losses and siphoning public funds, insisting that the allegations are false and misleading. In a statement, Mr Gyamfi said GoldBod...
Finance Minister announces new rules to end prolonged warehousing of goods
The government is set to introduce statutory time limits for goods stored in bonded warehouses as part of broader reforms aimed at improving customs administration, reducing port congestion and enhancing revenue collection. Finance Minister Dr Cassiel Ato Forson announced the measure while presenting the 2026 Mid-Year...
NDC has abandoned promised 24-hour economy – Oppong Nkrumah
Ranking Member on Parliament’s Economy and Development Committee and Member of Parliament for Ofoase Ayirebi, Kojo Oppong Nkrumah, has accused the National Democratic Congress (NDC) government of abandoning the 24-hour economy it promised Ghanaians ahead of the 2024 elections. According to him, the government has shift...
Govt cuts fuel prices, absorbs GH¢2 on diesel, GH¢0.36 on petrol
Government has introduced temporary relief measures to cushion consumers against rising fuel prices, following increased volatility on the international petroleum market. Effective April 16, 2026, the start of the next pricing window, the State will absorb GH¢2.00 per litre of diesel and GH¢0.36 per litre of petrol. Th...
Mahama signs Ghana Investment Promotion Authority Bill into law
President John Dramani Mahama has signed into law the Ghana Investment Promotion Authority (GIPA) Bill, repealing the former Ghana Investment Promotion Centre Act. A statement issued by the Presidency said the legislation was set to reposition Ghana as a top investment destination in Africa and beyond, with streamlined...
Majority rejects claims on fiscal surplus, cites IMF backing for gov’t economic performance
The Majority in Parliament has dismissed claims by the opposition New Patriotic Party (NPP) that the government’s fiscal gains were achieved mainly through expenditure cuts, insisting that the country’s improving economic indicators are backed by the International Monetary Fund (IMF) and reflect prudent fiscal manageme...
2026 budget is on track, government commitments are being honoured – Ato Forson
Finance Minister Dr. Cassiel Ato Forson says the implementation of the 2026 Budget is progressing ahead of expectations, insisting that the Mahama administration is delivering on the commitments it made to Ghanaians. Presenting the 2026 Mid-Year Budget Review in Parliament on Wednesday, Dr. Forson highlighted improveme...
BoG, GoldBod finalising new financing model to reduce pressure on central bank balance sheet
The Bank of Ghana (BoG) and the Ghana Gold Board (GoldBod) are finalising a new financing arrangement aimed at supporting the country’s gold purchasing programme while reducing pressure on the central bank’s balance sheet. Speaking after the Monetary Policy Committee (MPC) meeting, Bank of Ghana Governor Dr. Johnson Pa...
COCOBOD misses June deadline to clear GH¢6bn cocoa arrears, leaves GH¢3.4bn unpaid
The Ghana Cocoa Board (COCOBOD) has failed to meet its self-imposed end-of-June deadline to clear more than GH¢6 billion owed to cocoa farmers and Licensed Buying Companies (LBCs), leaving an estimated GH¢3.4 billion still outstanding. The shortfall comes despite a firm assurance given by the Board’s Head of Public Aff...
Bond market: Turnover increased by 177% to GH¢5.01bn
Trading was firmly anchored in the short- to medium-dated segments, with 2027-2030 maturities driving 58.93% of turnover at an average yield of 14.28%.
Gov’t settles $700m Eurobond obligation
The Government of Ghana has fully paid off a US$700 million Eurobond obligation earlier than required. According to the Ministry of Finance, the payment was completed on Thursday, July 2, 2026. It included US$525.2 million in principal and US$174.8 million in interest. This latest settlement brings Ghana’s total repaym...