President John Dramani Mahama has expressed optimism that the mid-year budget review, slated for presentation in August, will bring even more positive tidings for Ghanaians. Addressing a durbar in Wa as part of his thank-you tour, President Mahama highlighted the government’s concerted efforts to stabilize the economy, asserting that the initiatives have begun to yield […]
The Chamber of Petroleum Consumers (COPEC) has announced a substantial reduction in fuel prices, effective today, May 16. According to Paul Eric Ofori, Head of Research at COPEC, diesel prices are expected to plummet by 8.3% to 8.5%, marking one of the most significant single-window reductions in recent months. “Cumulatively, we have witnessed about a […]
The Country’s economy is exhibiting promising signs of stabilization, thanks to the concerted efforts of Finance Minister Dr. Cassiel Ato Forson and Bank of Ghana Governor Mr. Johnson Asiama. President John Dramani Mahama lauded their collaborative endeavors, commending the symbiotic relationship between the Ministry of Finance and the Central Bank. During a grand durbar of […]
The Ghana Union of Traders Association (GUTA) and the Association of Ghana Industries (AGI) have issued a joint ultimatum, granting businesses a 60-day window to recalibrate their prices in response to the Ghanaian cedi’s remarkable surge against the US dollar. This decisive move follows a high-level parley with the Minister for Trade and Industry, Elizabeth […]
The Food and Beverage Association of Ghana (FABAG) has announced a significant development in the country’s consumer goods sector, revealing that prices of essential items are beginning to decline. According to John Awuni, Executive Secretary of FABAG, staple goods such as sugar and rice have already experienced notable price reductions, with sugar prices dropping by […]
In a bid to alleviate the cost-of-living pressures faced by ordinary Ghanaians, Finance Minister Dr. Cassiel Ato Forson met with the leadership of the Food and Beverage Association of Ghana (FABAG) on May 8. The meeting, described as “frank and productive,” centered on discussing the state of the economy, food pricing, and collective measures to […]
The rate of inflation in Ghana has declined to 21.2% in April 2025, marking its lowest level in eight months. This downward trend is attributed to a stronger cedi, which has helped curb import-related price pressures. The latest figure represents a slight improvement from the 22.4% recorded in March, reflecting the fifth consecutive month of […]
Our local currency, the cedi, has continued its impressive rally against the US dollar, with the interbank market now quoting the exchange rate at GH¢13.89 to US$1. This significant appreciation from recent weeks, when the cedi hovered around GH¢15.40 to GH¢15.90 per dollar, is a welcome boost to the country’s economic outlook. Market analysts attribute […]
By: Jamila Wahab Business magnate Richard Nii Armah Quaye has officially resigned as the Board Chairman of Bills Micro Credit, allowing for the appointment of Lawyer Kwadwo Kwarteng as his successor. This marks the conclusion of his tenure with both Bills Micro Credit and Quick Angels. During a press conference in Accra, Mr. Quaye explained […]
The Ministry of Lands and Natural Resources, in partnership with the Minerals Development Fund (MDF), has initiated a stakeholder forum aimed at fostering visionary leadership that directs mineral revenue towards developmental initiatives in areas affected by mining. This initiative encompasses communities, traditional authorities, and local governments, with the goal of ensuring a fair distribution of […]