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 […]
In a revealing address at the 2025 edition of the Kwahu Business Forum, President John Dramani Mahama shared the genesis of this esteemed initiative, designed to catalyze economic growth and empower Ghanaian entrepreneurs. According to President Mahama, the conceptualization of the Kwahu Business Forum is attributed to his close associate, Julius Debrah. “While planning the […]
In a testament to the country’s unwavering resolve, President John Dramani Mahama has expressed renewed optimism regarding Ghana’s economic trajectory, asserting that the country is exhibiting unmistakable signs of macroeconomic stability after navigating a protracted period of economic turbulence. Addressing a gathering of esteemed business leaders at the Kwahu Business Forum on April 19, 2025, […]
Government has restated its commitment to bolstering the business sector, with a bold initiative to establish over 600 new enterprises by the end of President John Dramani Mahama’s current term. This ambitious endeavor is closely tied to the upcoming Kwahu Business Forum, scheduled for Saturday, April 19, 2025. The forum aims to facilitate engagement between […]
The Ghana Gold Board has announced that all licenses issued to individuals or entities, excluding large-scale mining companies, to deal in gold have ceased to be valid following the passage of the Ghana Gold Board Act (ACT 1140), 2025. As a result, the Gold Board is now the sole buyer, seller, assayer, and exporter of […]
Finance Minister Dr. Cassiel Ato Forson has outlined the major benefits of several new bills signed into law by President John Mahama, stressing their role in providing financial relief, boosting economic growth, and ensuring responsible fiscal management. In a Facebook post, the Minister highlighted the repeal of the Electronic Transfer Levy (E-Levy), increased funding for […]
The Association of Ghana Industries (AGI) and the Ghana Chamber of Telecommunications have lauded the government’s decision to abolish the 1% Electronic Transfer Levy (E-Levy), citing its potential to bolster digital financial transactions and reduce the cost of doing business in Ghana. According to Seth Twum Akwaboah, CEO of AGI, the removal of the levy […]