Lawyer Sammy Gyamfi, Acting CEO of the Ghana Gold Board, has attributed the Ghanaian cedi’s 16.7% appreciation between January and May 2025 to strategic policy interventions by the Mahama-led government. He cited a mix of tight monetary policy, fiscal discipline, and strong foreign exchange inflows as key drivers of the cedi’s strength. Lawyer Gyamfi praised […]
The Member of Parliament for Ekumfi, Kwainoe Ekow Othniel, has lauded the Ghana Gold Board (GoldBod) for its pivotal role in bridging a critical gap in the country’s foreign exchange market. Describing its contribution as both “long overdue” and “transformational,” the MP commended GoldBod’s significant impact on stabilizing the Ghanaian Cedi. In a recent interview, […]
Upon consideration of several petitions from stakeholders, the Ghana Gold Board (GoldBod) wishes to inform the general public, that the deadline for the transition to the new gold trading license regime, has been extended from 21st May, 2025 to 21st June, 2025. Consequently, any person who hold a license issued by the defunct PMMC and/or […]
The recent gains made by the local currency cedi against the US dollar have sparked optimism among car dealers that vehicle prices could potentially drop in the coming months. According to industry players, the strengthening cedi could ease the cost burden for consumers, particularly those looking to purchase second-hand vehicles, which dominate Ghana’s automotive market. […]
Dr. Sharif Khalid, Economic Advisor to the Office of the Vice President, has dismissed claims by former Vice President Dr. Mahamudu Bawumia that the recent stability of the Ghanaian cedi is a result of policies implemented by the erstwhile NPP administration. Dr. Bawumia had asserted that the local currency’s appreciation is due to the gold […]
President John Dramani Mahama has detailed a pragmatic measures towards addressing the long-standing land grievances in the Greater Accra Region by ordering a halt on government land sales. Speaking at Dodowa as part of his “Thank-You” tour following his electoral victory, Mahama emphasized the need for unity and dialogue within traditional institutions. “We’re deeply concerned […]
President John Dramani Mahama has charged the newly inaugurated National Development Planning Commission (NDPC) to harmonize the country’s development plans into a unified national agenda. During the commission’s inauguration at the Jubilee House on May 19, 2024, the president emphasized the need for a long-term development framework that transcends partisan politics and electoral cycles. Mahama […]
President John Dramani Mahama has lauded the recent resurgence of the Ghanaian Cedi, attributing its impressive performance to a confluence of robust foreign exchange inflows and targeted policy interventions designed to stabilize the economy. Addressing the Ghana-EU Business Forum in Accra, President Mahama underscored the current administration’s commitment to achieving its economic growth objectives for […]
The Court of Appeal in Koforidua has granted an interlocutory injunction against John Peter Amewu, the former Member of Parliament for Hohoe, in a case brought by Professor Margaret Kweku and others from the SALL traditional areas. The court’s decision restrains Amewu from presenting himself as a former MP for the Hohoe Constituency in the […]
The Ghanaian local markets are experiencing a welcome respite from pricing uncertainties, thanks to the recent stability of the Ghanaian cedi. According to Samson Asaki Awingobit, Executive Secretary of the Importers and Exporters Association of Ghana, the cedi’s steady performance is easing pressure on traders, particularly in key commercial hubs like Abossey Okai and Okaishie. […]