Mobile money transactions in Ghana reached GH¢354.1 billion in August 2025, according to the Bank of Ghana’s latest Summary of Economic and Financial Data. The figure, though marginally lower than the GH¢355.4 billion recorded in July, reflects the sustained dominance of mobile payments in Ghana’s financial sector. Data from the central bank showed that the […]
Dutch airline KLM has cancelled around 100 flights on Wednesday due to a strike by ground crew at Amsterdam Schiphol airport, a spokesperson for the Dutch arm of airline group Air France KLM said on Tuesday. In Accra, many passengers arrived on Tuesday without their accompanying luggage. Ground crew workers employed by KLM are striking […]
The Ghana cedi has appreciated by 21.0% against the US dollar in nine months of 2025. However, the local currency lost about 19% in value between late July 2025 and September 2025, after recording 40.5% appreciation as of July 2025. According to the Bank of Ghana’s September 2025 Summary of Economic and Financial Data, the […]
The Food and Beverages Association of Ghana (FABAG) says the proposed upward review of electricity tariffs by the Public Utilities Regulatory Commission (PURC) will cripple businesses, trigger job losses, and derail government’s 24-hour economy policy. In a strongly worded statement, the Association described the planned increases as “a recipe for disaster.” It said the business […]
Larry Ellison briefly became the world’s richest person Wednesday before ending the day just $1 billion shy of the lead. The uber-billionaire is still on the verge of becoming the world’s richest person, according to the Bloomberg Billionaires Index, growing his net worth $88 billion Wednesday, briefly toppling longtime title holder Elon Musk from his […]
The World Bank has disbursed $360 million from its International Development Association (IDA) for Ghana. The disbursement is coming under the Second Resilient Recovery Development Policy Financing operation, to support the Government of Ghana’s efforts to restore macroeconomic stability and reinforce the foundations for more sustainable and resilient economic growth for job creation. This was after the World […]
Apple debuted its latest iPhone on Tuesday, trumpeting the smartphone’s slimmest design yet. The device, named the iPhone Air, is one of several upgrades the company unveiled at its annual product showcase, promoted with the title “awe-dropping”. The event kicked off at 10am PT with the company’s CEO, Tim Cook, speaking in front of its […]
Some international buyers of Ghana’s cocoa have started advancing part of more than $4 billion to COCOBOD for cocoa bean purchases for the 2025/2026 crop season. JoyBusiness has learned that the full amount will not be released at once but spread over a period. However, sources say a significant portion is expected before the end […]
Apple on Tuesday introduced an upgraded line of new iPhones, including a slimmer iPhone Air, and held prices steady amid U.S. President Donald Trump‘s tariffs that have hurt the company’s profit. The iPhone Air comes with a high-density battery and a brand new processor and will be priced starting at $999. Wall Street had been watching […]
The Chief Executive Officer of Serene Insurance Company Limited, a member of the First Sky Group, Mrs. Mercy Naa Koshie Boampong has been adjudged Insurance Personality for 2025 and Insurance Professional of the Year 2024 at two separate prestigious insurance industry events in August, 2025. Mercy was the recipient of the topmost award at the […]
The long-dormant Black Volta and Sankofa gold projects in Ghana’s Upper West Region are set for revival after Engineers & Planners (E&P), one of West Africa’s largest indigenous mining contractors, acquired full equity in Azumah Resources Ghana Ltd and Upwest Resources Ghana Ltd. The transaction, completed with the Registrar of Companies and the Minerals Commission, […]
The Bank of Ghana has suspended the foreign exchange trading licence of United Bank for Africa (UBA) Ghana for one month, effective September 18, 2025. In a statement issued on Thursday, the central bank said the decision was taken in line with section 11(2) of the Foreign Exchange Act, 2006 (Act 723), following what it […]
