The Bank of Ghana, in collaboration with the Ministry of Finance, has released a revised list of institutions authorised to operate as Primary Dealers (PDs) and Bond Market Specialists (BMS) in the country’s financial markets. According to a notice issued on April 14, 2025, and signed by Sandra Thompson (Ms), Secretary to the Bank of […]
China has sent back planes it ordered from the US in its latest retaliation over Trump tariffs, the boss of aircraft maker Boeing has said. Kelly Ortberg said two planes had already been returned, and another would follow after trade tensions between the two countries escalated. Boeing’s chief executive told CNBC that 50 more planes […]
The Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has disclosed that the central bank is poised to begin regulating cryptocurrency platforms and virtual asset providers by the end of September 2025, marking a major policy shift in Ghana’s financial regulatory landscape. Speaking at the African Leaders and Partners Forum in Washington, D.C., […]
Gold has jumped to a fresh high as investors fret over the impact of the trade war between the US and China. Spot gold touched $3,357.40 (£2,540) per ounce on Wednesday, before dipping from its peak. It has risen by around a third since the start of the year. The rise follows comments by the […]
Zijin Mining Group Co., Ltd., a Chinese multinational mining firm, has officially completed the acquisition of the Akyem Gold Mine Project in Ghana from US-based Newmont Corporation. The $1 billion transaction marks a major shift in ownership of one of Ghana’s most prominent gold-producing assets and aligns with Zijin’s aggressive strategy to expand its global […]
The Ghana Union of Traders’ Associations (GUTA) has opposed the recent increase in utility tariffs approved by the Public Utilities Regulatory Commission (PURC). GUTA argued that the reasons for the tariff hike are unjustified, citing systemic inefficiencies, corruption, and mismanagement within the utility sector as the primary issues. This was contained in a statement signed […]
Gold Fields Limited, one of the world’s leading gold producers, is preparing to shut down its Damang mine in Ghana by Friday, April 18, 2025, after the government rejected the company’s application to extend its mining lease. The announcement, made on Monday, triggered a 6.3 per cent drop in Gold Fields’ share price on the […]
The Media Relations Officer of the Ghana Gold Board, Prince Kwame Minkah, says the sweeping overhaul of the country’s gold trading framework is aimed at formalising operations and curbing widespread smuggling in the sector. According to him, the long-standing issue of gold smuggling has reportedly led to significant losses in national revenue and foreign exchange. […]
The Chairman of the United States House Foreign Affairs Committee, Brian Mast, has called for a portion of Ghana’s next International Monetary Fund (IMF) disbursement to be directly allocated to settling outstanding debts owed to Independent Power Producers (IPPs), including facilities partly owned by U.S. pension funds and taxpayers. In a letter addressed to U.S. […]
The Ghana Cocoa Board (COCOBOD) has announced that the producer price of cocoa will remain unchanged for the 2025/2026 season. This is despite regional price adjustments and ongoing market volatility. In a letter dated April 8, addressed to the Licensed Cocoa Buyers’ Association of Ghana (LICOBAG), COCOBOD stated that the decision was based on a […]
US President Donald Trump is ripping up the rulebook on trade that has been in place for more than 50 years. His latest round of sweeping tariffs, which came into force shortly after midnight on Wednesday, hits goods from some of America’s biggest trading partners, including China and the European Union with dramatic hikes in […]
The US Commerce Secretary has defended the country’s decision to impose tariffs on a group of uninhabited islands, which are populated only by penguins and seals. The imposition of tariffs on the Heard and McDonald islands was meant to close “ridiculous loopholes” and would prevent other countries from shipping through the islands to reach the […]
