The Government’s decision to lead discussions that could result in the acquisition of Springfield Exploration and Production Limited’s (SEP) interest in the West Cape Three Points Block 2 (WCTP 2) has generated widespread debate across the energy sector and the broader public space. While some of the commentary may be well-meaning, a significant portion reflects […]
The United States has officially lifted the 15% tariffs that were imposed on cocoa and certain agricultural products from Ghana, Ghana’s Foreign Affairs Minister, Samuel Okudzeto Ablakwa, has announced. According to the Minister, the decision took effect on November 13, 2025, following a new executive order from President Trump. In a post on Facebook, Mr […]
The Minister for Energy and Green Transition, John Jinapor, says the government will only support a potential state-led takeover of Springfield Exploration and Production Limited’s (SEP) stake in the West Cape Three Points Block 2 (WCTP2) after an independent and transparent valuation proves the field holds strong commercial prospects. Speaking on the Super Morning […]
Finance Minister Dr Ato Forson is set to announce a reduction in the effective VAT rate to be paid by businesses from next year. This will be captured in the 2026 Budget, which will be presented to Parliament later today. The Finance Minister is also expected to announce a major review of the country’s tax […]
Finance Minister Dr Cassiel Ato Forson will today, Thursday, November 13, present the 2026 Budget Statement and Economic Policy to Parliament – a major policy moment that will reveal how the government intends to consolidate Ghana’s fragile recovery while responding to growing public expectations for relief and renewed growth. For many Ghanaians, this budget goes […]
The Bank of Ghana (BoG) has announced the registration of more than 100 virtual asset service providers (VASPs) under a new policy to regulate the country’s growing cryptocurrency market. In a release dated November 5, 2025 and a policy paper titled Ghana’s Policy Position on Virtual Assets and Service Providers, the BoG outlined Ghana’s first national framework for regulating […]
Vice Chair of the Competitive Africa Rice Platform, Dr Ama Aning Oppong-Duah, says Ghana’s rice farmers are still battling with unsold stock from last year, while another harvest season has already begun. “We still have unsold rice from last year, and more is coming in,” she said on JoyNews’ PM Express on Wednesday. According to Dr Oppong-Duah, […]
Cedi records one of its strongest performances; one dollar equals GH¢12.10 at forex bureaux. The Ghana cedi posted one of its strongest performances in recent months over the two-week review period. This was supported by improved market sentiment and steady central bank interventions. It appreciated to GH¢10.85 per US dollar (+9.68%), GH¢14.42 per pound (+10.00%), […]
The continuous huge borrowing on the domestic market culminated in Ghana’s domestic debt outpacing external debt for the first time in several years. According to data from the Bank of Ghana, domestic debt stood at GH¢323.7 billion, about 23.1% of Gross Domestic Debt, whilst external debt stood at GH¢305.0 billion, about 21.8% of GDP. The […]
Engineers & Planners (E&P) Company Limited has paid $100 million to the previous owners of Azumah Resources Ghana Ltd to bring closure to the Black Volta Gold mining transaction in the Upper West Region. In July, this year, E&P and the ECOWAS Bank for Investment and Development (EBID) signed a $100 million Acquisition Facility Agreement […]
Economist Professor Peter Quartey says Ghana’s economy could outperform the growth projections set by the International Monetary Fund (IMF) and the World Bank for 2025. The IMF, in its latest World Economic Outlook, forecasts Ghana’s GDP to grow by 4 per cent next year — slightly below the World Bank’s 4.3 per cent estimate. Both institutions […]
Ghana’s oil production has been on a steady decline since peaking in 2019, raising serious concerns about the country’s future petroleum revenue and energy sustainability, according to the Head of the Public Interest and Accountability Committee (PIAC) Secretariat, Isaac Dwamena. Speaking on JoyNews’ PM Express Business Edition on October 14, he revealed that Ghana recorded […]
