The Bank of Ghana (BoG) has announced stricter measures against Banks, Dedicated Electronic Money Issuers (DEMIs), Enhanced Payment Service Providers (EPSPs), and Money Transfer Operators (MTOs). This comes as part of the ongoing fight against non-compliance with inward remittance guidelines. In a notice signed by Sandra Thompson, Secretary at the central bank, the bank observed […]
Ghana’s public debt stock fell by GH¢156.4 billion between March and June 2025 to GH¢613 billion in June 2025. This is approximately 43.8% of Gross Domestic Product. In dollar term, the public debt stood at $59.4 billion, higher than the $49.5 billion. According to data from the Bank of Ghana, the country’s total public debt […]
The Driver and Vehicle Licensing Authority (DVLA) says starting August 1, 2025, it will no longer issue aluminium ‘Drive from Port’ (DP) number plates at the country’s ports. The move marks a full transition to a digital system with the exclusive issuance of DP sticker numbers at all entry ports, including Tema and Takoradi. This […]
Minister for Finance, Dr Cassiel Ato Forson, will today present the much-anticipated 2025 Mid-Year Budget Review to Parliament, with all eyes keenly fixed on whether government will maintain its original expenditure envelope or seek a supplementary budget in response to emerging fiscal and political pressures. The review is being delivered against a backdrop of notable […]
The Bank of Ghana (BoG) has issued a new directive to all players in the shipping industry, mandating the adoption of transparent and market-reflective exchange rates in their pricing models. The new guidelines, which take effect from Monday, July 22, 2025, are aimed at promoting consistency and regulatory compliance in foreign exchange practices within the […]
The Ghana Union of Traders Associations (GUTA) has issued a warning of nationwide demonstrations should the government fail to take decisive action against the increasing infiltration of foreigners into the domestic retail sector. The Association argues that retail trading is explicitly reserved for Ghanaian citizens under national law and laments the growing disregard for this […]
Ghana’s Treasury recorded an oversubscription in its primary Treasury bill auction last week, as investor demand surged by 97.82 per cent above the government’s target for the first time in two months. According to the latest data from the Bank of Ghana, the auction attracted total bids worth GH¢20.98 billion. Of this amount, the Treasury […]
The Bank of Ghana (BoG) is to enforce legal tender laws rigorously, particularly in sectors where foreign currency pricing has become the norm, as part of measures to stop dollar pricing in the country. “The ongoing rollout of the e-Cedi, our digital currency, will be seamlessly integrated with retail payment systems to guarantee that even […]
African exporters and entrepreneurs are set to benefit from a new package of UK trade reforms unveiled on July 10. The reforms are aimed at simplifying access to the UK market and deepening economic ties between the UK and developing countries. The reforms include upgrades to the Developing Countries Trading Scheme (DCTS), notably simplified rules […]
The United States government has revised its visa reciprocity policy for Ghana, limiting the duration and number of entries permitted under most non-immigrant visa classifications. According to the U.S. Department of State – Bureau of Consular Affairs,holders of A-class visas; primarily diplomats and government officials, will continue to receive multiple-entry visas with validity ranging from […]
U.S. President Donald Trump signed an executive order Monday extending the date on which so-called “reciprocal” tariffs will take effect to August 1. The previous deadline had been July 9. Source: Reuters
Nigeria’s data protection agency has fined Multichoice Nigeria Limited, Africa’s biggest pay television company, 766 million naira ($501,340) for violating the country’s data protection law, a spokesperson said. MultiChoice, which operates pay-TV services DSTV and GOTV in Nigeria, has faced legal and regulatory hurdles in the past two years from authorities regarding contentious price hikes and tax disagreements. The […]
