The Bank of Ghana (BoG) has announced the suspension of the remittance partnership of three Payment Service Providers for one-month, effective September 18. The institutions are Flutterwave, Celulant Ghana and Halges Financial Technologies The central bank, in the notice, stated that the action was due to breaches of its updated guidelines for inward remittance services […]
The cedi has had one of its most dramatic years in recent memory. It opened 2025 at GH₵14.7 to the dollar. By February it had weakened slightly to GH₵15.50 and held there until April, making it one of the longest periods of stability in more than a decade. Then came the surprise. Between April and […]
The Ghana Cocoa Board (COCOBOD) has settled coupon payments worth GH¢2 billion to investors of its restructured cocoa bills. Joy Business understands that the payments were made on Monday, September 1, 2025, to investors holding these instruments. Following the Domestic Debt Exchange Programme, the restructured bills are now classified as bonds. The restructuring, which mainly […]
Google will not have to sell its Chrome web browser but must share information with competitors, a US federal judge has ordered. The remedies decided by District Judge Amit Mehta have emerged after a years-long court battle over Google’s dominance in online search. The case centred around Google’s position as the default search engine on […]
The crypto token backed by the Trump family has started publicly trading, giving the holdings owned by the US president and his sons a value of roughly $5bn (£3.7bn). The Trumps launched crypto firm World Liberty Financial in the middle of the presidential campaign last year, drawing questions about potential conflicts of interest as he […]
Nestle has fired its chief executive after just one year in the job because he failed to disclose a “romantic relationship” with a “direct subordinate”. The Swiss food giant, which makes Kit Kat chocolate bars and Nespresso coffee capsules, said Laurent Freixe had been dismissed with “immediate effect” following an investigation led by Nestle’s chair […]
Some Oil Marketing Companies (OMCs) have begun adjusting fuel prices in line with industry projections. At Goil, the price of petrol is now selling at GH¢12.90 per litre, up from GH¢12.88. Diesel, however, has been reduced from GH¢14.30 to GH¢13.90. Shell has also adjusted its prices, with petrol selling at GH¢13.59 per litre compared to […]
“People are carrying more than a million dollars out of Ghana without declaring it,” Bank of Ghana Governor Dr Johnson Asiama has revealed. Speaking on Joy News’ yet-to-be-aired PM Express Business Edition, he described such practices as major leakages that threaten the stability of the economy and undermine efforts to fight money laundering. “If you […]
Bank of Ghana Governor, Dr. Johnson Asiama, has revealed that COCOBOD is expecting over $4 billion in inflows before the end of this year. He explained that the funds are part of a new financing arrangement introduced by COCOBOD to support cocoa purchases for the new crop season. Speaking in an exclusive interview with Joy […]
The Bank of Ghana (BoG) has directed mining firms to channel their foreign exchange inflows through commercial banks, rather than directly to the central bank. The directive, communicated to the mining companies this week, is part of measures to boost interbank forex trading and improve liquidity. BoG Governor, Dr. Johnson Asiama, confirmed the move in […]
President John Dramani Mahama has revealed that trade between Ghana and Singapore reached over US$215 million in 2024, and he is now targeting billion-dollar growth. Speaking at the opening of the 8th Africa–Singapore Business Forum in Singapore on Tuesday, he said Ghana is ready to deepen ties with Asia and scale up trade. “Ghana-Singapore trade […]
The Ghana Industrial Trawlers Association (GITA) is ushering in a new era with the election of Mr. Dominic Asamoah Danquah, popularly known in industry circles as Mr. Fish, as its new National President. His decisive victory signals a fresh chapter for the Association, which is currently navigating several critical challenges. Mr. Danquah emerged victorious in […]
